- The Accredited Standards Committee X9 Inc., which sets standards for financial services, said it has restarted its X9F5 working group, the committee that developed the original standards underpinning public key infrastructure (PKI). The new group will work on new PKI standards that will address needs in the financial-services industry apart from those of the Web-browser community.
- U.S. financial institutions compared to other industries have the highest rate of data breaches, with 62% having experienced a breach in their history, according to a study from digital-technology vendor Thales.
- Twice Daily, a 58-unit convenience-store retailer, launched Twice Daily Rewards and TD Debit using ZipLine Inc.’s loyalty and decoupled debit platform.
- Processor Jack Henry & Associates Inc. announced iPay CardPay, a service that enables financial institutions to offer their customers near real-time bill payments via credit and debit cards.
- Flow Commerce Inc., a provider of cross-border e-commerce technology, said it has received $37 million in Series B funding from American Express Ventures and other investors. Flow plans to use the funds to expand operations in the United States and Europe, among other initiatives.
- Experian plc released its predictions for the top data-breach trends in 2020, which includes a projection that criminals will execute a major hack of mobile point-of-sale systems.
- Juniper Research released its “Mobile Payment Authentication & Data Security: Encryption, Tokenization, Biometrics 2019-2024” report.
- The Independent Community Bankers of America trade group said payments-industry veteran Deborah Matthews Phillips joined its government-relations team as senior vice president of payments and technology policy, a new position. Phillips will advocate for ICBA’s payments and bank-technology policy issues before regulatory agencies, private-sector organizations, and Congress.
- PSCU named Kevin Spear senior vice president of service delivery; his appointment marks a return to the credit-union service organization where he led client relations and services from 2006 to 2012.
With real-time payments comes real-time risk, and now banks and their technology vendors are attacking …