Digital Identity validation is emerging as a cornerstone of secure, next-generation payment ecosystems.
By integrating biometric authentication with country based national identity registries and associated databases, it enables highly secure single touch eCommerce payments, high security in-store wallet/card transactions, while having the significant advantages of reducing fraud, enhancing compliance, and delivering seamless customer experiences. These identity validation mechanisms are hugely advantageous for the broad spectrum of financial services involving customer signup with AML/KYC regulations, and multiple payment types including eCommerce payments, payments at merchant locations, self-service kiosks, mass transit locations, flight travel, event ticket payments, hospitality check-ins and associated consumer-initiated payment use cases.

NewNet’s state-of-the-art platforms can support direct integration with digital identity validation capabilities into omnichannel acquiring, aggregating, and processing systems, offering unified APIs for biometric and registry validation with multiple identity recognition schemes involving facial, fingerprint, iris etc. NewNet payment platforms with its cloud-native architecture for scalability & resilience together with cryptographic security module integration for secure key management accomplishes high security payment services delivery capability with this smart integration. This solution has future-ready design supporting CBDCs, Stablecoins, and Web3 payments and is targeted to be fully conformant to the industry standards including FIDO together with passkey mechanisms for device authentication along with user validations. NewNet’s payment platform act as trust anchors, enabling secure and advanced payment processing functions across digital and physical channels.