Real-time processing heightens risk for providers that aren’t prepared. Here’s what financial institutions should be doing now, says Eric Woodward. Instant downloads. Instant delivery. We live in an age of instant gratification. The banking industry is no exception. An overnight batch process is a lifetime, and three-day settlement feels like …
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Eye on CES: Rear-View Mirror Payment Authentication and a Multi-Function Card
The huge CES (formerly the Consumer Electronics Show) expo is underway in Las Vegas, and out of it are coming the latest whiz-bang developments in payment technology. Among them: connected cars that enable the driver to pay for gas with a Visa card and authenticate the transaction with an iris …
Read More »WEX Attacks Skimming Losses; Better Authentication Routines; Beyond Picks CardFlight Reader
Mastercard Dumps Signatures; Visa’s ID Authentication Hub; First Data Buying BluePay?
Visa ID Intelligence Aims To Be A Digital Authentication Hub
Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …
Read More »An ISO Model for Bitcoin; Agility Necessary for Payments Authentication; Another Equifax Breach
Digital Payments Authentication Requires Agility and Adaptability, a Report Says
As more consumers make more digital payments, financial institutions and merchants face an increasingly complex challenge to better authenticate these transactions. That requires looking at ways to keep pace with criminals and staying in step with consumers, says Aite Group LLC in its latest report, “Digital Authentication: New Opportunities to …
Read More »With its New iPhone X, Apple Brings Facial Biometric Authentication to Apple Pay
The Apple Pay mobile-payments service got only a few brief mentions in a nearly two-hour presentation Tuesday afternoon in which Apple Inc. executives introduced the latest versions of their 10-year-old iPhone and other new products. But what they did say could change payment security because the new iPhone X will …
Read More »Cyberattacks Doubled in Just Two Years, Authentication Provider Says
ThreatMetrix Inc., a provider of digital-identity and authentication services, reports that its network detected and stopped 144 million cyberattacks in the second quarter, a 100% increase from 2015’s second quarter. ThreatMetrix says its Digital Identity Network from April through June also stopped 300 million bot attacks in which hackers take …
Read More »Gemalto and ThreatMetrix Team Up on Payment Authentication
By Jim Daly@DTPaymentNews Chipmaker Gemalto N.V. and risk-management firm ThreatMetrix Inc. announced that they are jointly providing online authentication technology to banks, payment-service providers, payment networks, and financial startups. Through a single vendor relationship, the companies’ customers can get access to ThreatMetrix’s Digital Identity Network and Amsterdam-based Gemalto’s various authentication …
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