We recently featured on The Paypers, discussing the effectiveness of different technologies to help comply with the stricter compliance rules introduced by the EU's Instant Payments Regulation (IPR) and the upcoming PSD3 and PSR.

In the article, our Director of Product Tobin Broadfoot breaks down how these new regulations – particularly the 10-second processing requirement under IPR and the shifting fraud liability under PSD3 – create a high-stakes environment for banks and payment service providers. With traditional anti-fraud tools struggling to keep up, especially within such narrow timeframes, real-time identity assurance becomes critical.

Tobin explains why outdated authentication methods like SMS OTPs and passwords are no longer sufficient, and explores the role biometrics can play in this new landscape. While local and centralized biometrics each offer certain advantages, they fall short in either speed, security, or identity assurance.

The article highlights the growing importance of decentralized biometrics – specifically those that leverage cryptographic techniques to deliver both real-time speed and strong identity proof. These systems allow users to authenticate in milliseconds without exposing or storing sensitive biometric data, making them ideal for high-liability environments like instant payments.

Keyless’ Zero-Knowledge Biometrics™ is a leading example of this approach, offering strong customer authentication that meets regulatory demands while keeping user data private and secure.

You can read the full article here.