Payments News

On The Web

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Security

Payment App Data Breach Exposes Millions of Indians’ Data

“A major data breach at mobile payment app Bharat Interface for Money ( BHIM ) has exposed the personal and financial data of millions of Indians. The breach occurred after BHIM failed to securely store vast swathes of data collected from users and businesses during a sign-up campaign. On April 23, researchers at vpnMentor made […]
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Global

CaixaBank Rolls Out Facial Recognition ATMs Across Spain

“Spain’s CaixaBank is to deploy ATMs equipped with facial recognition technology nationwide “with the goal of offering a better user experience and greater security in transactions, particularly in the context of Covid-19”. “The system is the first launched by a financial institution on a global level that allows users to withdraw money by simply recognising […]
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On The Wires

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Companies

Mastercard and Enel X to Establish Fintech-Cyber Innovation Lab in Israel

“Mastercard and Enel X are launching a new lab in Israel to advance innovations in financial technology and cybersecurity for the payments and energy ecosystem globally. The lab will partner with start-up companies to test and develop products and solutions, with a particular focus on digital security, fintech platforms, digital authentication and financial inclusion. The lab […]
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Companies

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

“Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it. Amazon […]
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Security

Increased Use of Mobile Banking Apps Could Lead to Exploitation

“The FBI advises the public to be cautious when downloading apps on smartphones and tablets, as some could be concealing malicious intent. Cyber actors target banking information using banking trojans, which are malicious programs that disguise themselves as other apps, such as games or tools. When the user launches a legitimate banking app, it triggers […]
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Security

Ondot To Provide Visa With Tokenization Services Through Its Card App To Support Digital Wallets And eCommerce

“Ondot Systems, the digital card services platform for credit and debit issuers, today announced its collaboration with Visa Token Service, enabling the company to begin tokenizing credential-on-file digital payments on behalf of their clients for an additional level of security. By teaming up with Visa, Ondot is able to provide tokenization services through the company’s […]
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Companies

Visa Token Service Issues Its 1 Billionth Token

“Visa Inc. today announced that the company has now issued more than 1 billion tokens worldwide through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help accelerate eCommerce innovation and make payments more secure. Visa Token Service replaces a cardholder’s 16-digit Visa account number with a secure token that protects […]