authID shares surge 11.76% intraday after securing U.S. point-of-sale lender contract for biometric fraud prevention in BNPL market.

authID (Nasdaq: AUID) surged 11.76% intraday following the announcement that a U.S. point-of-sale lending and payment financing platform selected its biometric identity verification and authentication solutions to combat escalating fraud. The news highlighted authID’s role in addressing a $3.7 billion BNPL fraud prevention market, with projected growth to $25.9 billion by 2034, and emphasized its PrivacyKey™ technology, which ensures compliance with privacy laws while enabling sub-second verification. The deployment of authID Proof and Verified tools to secure merchant onboarding and account access workflows underscored the company’s expanding leadership in fintech security, positioning it as a key player in mitigating fraud for high-risk, fast-growing consumer finance platforms. The contract reinforces investor confidence in authID’s scalable, privacy-first solutions amid rising industry demand for robust identity assurance.