Payments News

On The Web

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Security

NatWest Unveils Biometric Payment System for Businesses

“In an announcement Tuesday, the bank said the system enabled its customers to make payments, via an app, using Apple’s Face ID or Touch ID. Once a customer registers a device, they set up and give approval for a payment using biometric authentication. They then enter a six-digit code to complete the transaction.”
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Security

The Ultimate Account Security Is Now in Your Pocket

“We consider security keys based on FIDO standards, like our Titan Security Key , to be the strongest, most phishing-resistant method of 2SV on the market today. These physical security keys protect your account from phishers by requiring you to tap your key during suspicious or unrecognized sign-in attempts. Now, you have one more option—and […]
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Security

Krebs on Security

“Google this week made it easier for Android users to enable strong 2-factor authentication (2FA) when logging into Google’s various services. The company announced that all phones running Android 7.0 and higher can now be used as Security Keys, an additional authentication layer that helps thwart phishing sites and password theft. As first disclosed by KrebsOnSecurity last summer , […]
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Security

India Expected to Surpass the UK for Second Place in Payment Card Fraud

“Due to a booming cybercrime scene, India is expected to surpass the UK in 2019 and become the second-most targeted country for payment card fraud, behind the undisputed leader, the US.According to cybercrime statistics compiled by cyber-security firm Gemini Advisory, over 3.2 million Indian payment card records have been compromised and posted for sale online […]
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Security

Microsoft Launches Decentralized Identity Tool on Bitcoin Blockchain

“The open source project, called Ion , deals with the underlying mechanics of how networks talk to each other. For example, if you log onto Airbnb using Facebook, a protocol deals with the software that sends the personal information from your social profile to that external service provider. In this case, Ion handles the decentralized […]
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Security

New Research: How Effective Is Basic Account Hygiene at Preventing Hijacking

“We teamed up with researchers from New York University and the University of California, San Diego to find out just how effective basic account hygiene is at preventing hijacking. The year-long study, on wide-scale attacks and targeted attacks , was presented on Wednesday at a gathering of experts, policy makers, and users called The Web […]

On The Wires

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Security

Mastercard and Edenred Bank Announce First Biometric Card

“Mastercard (NYSE: MA) and Edenred (PA: EDEN) today announced the first regional test of biometric card technology in Mexico. The effort, focused on state benefits programs, features an embedded fingerprint sensor that provides an additional layer of security to conveniently verify the cardholder’s identity for in-store purchases. “The Administration for Sonora state is committed to […]