Payments News

On The Web

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Security

French Government to Let Citizens Scan NFC EID Cards to Access Secure Online Services

“French citizens will soon be able to verify their identity when accessing a range of secure online services — including opening a bank account, filing a tax return and paying for their health insurance — by scanning their updated Carte Nationale d’Identité Électronique (CNIE) eID card with their NFC-enabled smartphone. The French government is introducing […]
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Security

Amazon One’s Palm-scanning Tech Makes First Move Into Entertainment Venues

“Amazon’s palm-scanning technology, Amazon One, has always been about more than just fast payments. Really, it’s about Amazon controlling and verifying identities, with the company hoping to deploy its service in public spaces like offices and stadiums. Today, Amazon announced the tech’s first launch in an entertainment venue as part of a partnership with ticketing […]
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Security

Amazon’s Palm Print Recognition Raises Concern Among U.S. Senators

“Three U.S. senators, including Democrat Amy Klobuchar who chairs the Senate Judiciary Committee’s antitrust panel, wrote a letter to Amazon.com Inc (AMZN.O) to express concern about its palm print recognition system, Klobuchar’s office said Friday. Amazon began rolling out biometric technology at its Whole Foods stores around Seattle in April, letting shoppers pay for items […]
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Risk

T-Mobile Investigating Claim of Stolen Personal Data for Sale

“T-Mobile is looking into a post on a forum that claimed to be selling the personal data of more than 100 million people swiped from the mobile carrier’s servers. The data breach included information such as Social Security numbers, phone numbers, names, physical addresses and driver license information, according to Vice , which reported the […]
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Security

Regulators Urge Banks to Strengthen Customer Authentication

“U.S. financial regulators are calling on banks to strengthen their authentication processes to better protect customer accounts and information systems. The Federal Financial Institutions Examination Council on Wednesday issued new guidance for how financial institutions can properly employ an authentication process for customers, employees and third parties as the number of access points to information […]
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Risk

Thwarting Authorized Push Payment Fraud

“Behavioral biometrics can play an important role in mitigating the risk of authorized push payment fraud, says Reed Luhtanen, executive director at the U.S. Faster Payments Council. This biometrics technology involves, for example, “analyzing how one holds a particular device or how you are moving the mouse,” Luhtanen explains. Artificial intelligence can help analyze previous […]
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Deals

Feedzai Adds Behavioral Biometrics to Fraud Prevention Platform With Revelock Acquisition | Biometric Update

“Revelock has been acquired by Feedzai to integrate its advanced behavioral biometric platform into what the latter says will be the world’s largest Financial Intelligence Network (FIN) for secure cashless transactions. The integrated platform will be offered to financial institutions and merchants around the world to detect financial crime and proactively prevent it. The addition […]

On The Wires

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Security

Networked Bot Attacks Increase As Human-Initiated Attack Levels Fall

“LexisNexis® Risk Solutions today released the findings of its latest Cybercrime Report, which covers the first half of 2021. This edition of the biannual report reveals that bot attack volumes grew 41% year over year with human-initiated attacks falling 29%. The report confirms earlier trend patterns showing the financial services industry and media businesses bear […]
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Security

French Government Selects IDEMIA for the National Digital ID Program

“The updated French national eID card (CNIe) was launched in August 2021, and will enable French citizens to complete online transactions using their smartphone. Citizens will receive an authentication request on their smartphone. They will then place their CNIe on the back of their phone, which will communicate using Near-Field Communication technology. The mobile app […]