221–230 of 557 posts
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Chat apps use Identity to verify bots and prevent bad bots from spamming real users. And shipping services use Identity when a user is suspected as a fraudster—to double check before creating fraudulent shipping labels.
I am on several discords and get 4-5 messages a day from crypto pumps and other spam. This doesn't seem like it works.
Isn't this a privacy nightmare? All that data in Stripe data centers.
2. Biometric data is not stored! It’s gone from our systems within 48 hours (usually in just minutes).
3. We think this’ll actually make the state of global privacy better—rather than having individuals collect, and verify your ID, Stripe will securely handle verification.
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While that sounds like a great ... in all likelihood by the time it hits the public market most if not all the value will be extracted by the investors. With a branded company like this and equity markets as frothy as they are. I doubt there will be much value left for retail. Hopefully Im wrong though.
I always hear this line of thinking, but there aren’t ever supporting examples presented. Stripe reminds me of Cloudflare. Cloudflare is over 5x what it was at IPO (as of 6/14/21). Maybe what you describe is the case “on average” for most IPOs, but it seems to not be the case for extraordinary companies like Cloudflare (and maybe Stripe). Obviously just an n of 1 but I’m sure others could chime in with similar exampl…
In the case of cloudflare (And many tech stocks) they had a black swan event of a large portion of the global economy going online during the pandemic which has juiced their returns.
Not saying it doesn't happen but rather that it isn't how people typically price their IPOs to generate value to the retail investor.
Had to do this on a site recently and it didn't work for me at all. It wanted to scan the back of my dl but Indian dls are totally blank at the back. Then it said my webcam wasn't good enough and showed me a QR code to use for my mobile. The link never opened. Tried it 3 times and 5 minutes later I just googled the next alternative site and bought it from there. Lesson being use this only if it is totally necessary.…
When you say "this" do you mean "Stripe Identity?"
So I have only seen this work from the customer's point-of-view and it was not a good experience for me. I am a very patient person as i scanned my dl 4 times on desktop using a webcam capable of recording 1080p. Then i tried with a mobile and that didn't work either. A less patient man would have quit much sooner. I tried my best then just bought from the next site because they connected the Pay button directly to Paypal.
Given their docs state that they use third-party services to offer this service, isn't Stripe just providing a wrapper API around Onfido and charging a premium? If so, how is this really a useful proposition?
We’ve invested heavily in creating an end-to-end verification product with an ergonomic API, responsive capture experience, and advanced fraud detection and verification capabilities.
Scaling ID verification globally also means working with others—we supplement our homegrown system with a number of partners for the best experience for the user. (e.g. Analogous to Stripe credit card payments, we also work with banking institutions.)
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> We will typically store the rest of your submitted identity information for 3 years. This includes all images captured, extracted data from your ID document including name, date of birth, and ID number, and any information submitted via forms such as name, date of birth, SSN, email, and phone number, and the verification response. That doesn't make me feel a lot better. :( The images are enough to generate biometri…
We are very specific about collecting consent before doing anything with your data. We ask for permissions before beginning the verification process, and if you consent, we will only use your biometric identifiers for the verification itself. (And again, those identifiers—which contain the most sensitive info—aren't stored.) Specifically, we ask for an additional level of permissions before conducting any additional…
> all images captured, extracted data from your ID document including name, date of birth, and ID number, and any information submitted via forms such as name, date of birth, SSN, email, and phone number, and the verification response.
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Wouldn’t the idea be that the company would continue to create value after going public?
The idea of going public is to raise another round of financing for the company while being able to get liquidity for private shareholders. It is not necessarily to create value going forward. The best option is for the company to raise a good deal from the public markets (high valuation on limited equity) and then execute successfully without needing to raise again. If they do need to raise again they have hopefully…
Not sure where you are going with that thought. A business that isn't creating value is going out of business or selling to someone who has an idea of how to use its assets to create value.
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I'm not familiar with Stripe's situation, but there are non-public markets available for this kind of stock sale. You just can't buy from them unless you're already rich. I'd guess that long-term employees do have an amount of flexibility in that regard.
Can you form a mutual fund/ETF that invests into those kind of companies via the non-public markets and then sell shares publicly for the fund?
EU is apparently about to design and roll out Europe-wide digital ID service: https://ec.europa.eu/commission/presscorner/detail/en/IP_21_...
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Said it in another thread -- SMS's are a tangibly better user experience. You get to say stop in the moment, instead of searching through opaque settings... you can set DND to certain numbers for certain times... The whole ecosystem is there and very few are playing with it.
SMS messages are probably 1000x to 100 000x more expensive to send than push notifications.