Payments News

On The Web

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Risk

McDonald’s, Sift Partner on International Mobile Ordering

“McDonald’s has partnered with digital trust and safety provider, Sift , to safeguard and streamline the customer experience on the QSR’s mobile app in select countries across Europe, Asia, Africa and Oceania, a news release said. Through the partnership, McDonald’s will have access to Sift’s machine-learning technology and global data network for customers using its […]
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Global

SMEs Can Now Use Facial Recognition to Apply for DBS Online Banking Accounts

“Small and medium-sized enterprise (SME) owners now simply need to face a camera to authenticate and verify their information while setting up a corporate account online with DBS Bank. DBS said the new facial biometrics feature runs on the Government Technology Agency of Singapore’s (GovTech) SingPass Face Verification technology. Previously, business owners who qualify for […]
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Risk

Bluetooth Overlay Skimmer That Blocks Chip

“As a total sucker for anything skimming-related, I was interested to hear from a reader working security for a retail chain in the United States who recently found Bluetooth-enabled skimming devices placed over top of payment card terminals at several stores. Interestingly, these skimmers interfered with the terminal’s ability to read chip-based cards, forcing customers […]
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Risk

Malicious Script Steals Credit Card Info Stolen by Other Hackers

“A threat actor has infected an e-commerce store with a custom credit card skimmer designed to siphon data stolen by a previously deployed Magento card stealer. Credit card skimmers (aka payment card skimmers or Magecart scripts) are JavaScript scripts that cybercrime groups known as Magecart groups inject into hacked e-commerce sites as part of web skimming […]
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Security

BNP Paribas to Offer Biometric Payment Cards to Premier Card Customers

“BNP Paribas Visa Premier card customers will soon have the option of upgrading to a biometric payment card for an additional fee of €24 (US$29) a year, the French bank has revealed. The biometric card is equipped with a sensor that enables users to authenticate payments of any amount with their fingerprint rather than a […]

On The Wires

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Reports

LexisNexis Risk Solutions Cybercrime Report Finds Young Adults and Adults Over 75 Most Vulnerable to Fraud Attacks

“LexisNexis® Risk Solutions released its biannual Cybercrime Report covering July 2020 through December 2020, which details how the evolving threat landscape created new opportunities for cybercriminals around the world, particularly as they targeted new online users. Analysis shows that the under 25 age group is most vulnerable to fraud attacks while the oldest age group is second most […]
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Security

Trusted Computing Group | TCG Welcomes New Member Goldman Sachs As It Focuses on FinTech Security for the First Time

“Trusted Computing Group (TCG) has today announced its commitment to strengthening the financial services industry against attack, as worldwide banking institution, Goldman Sachs , joins TCG in the fight for cybersecurity. In a first for TCG, the organization will now expand its focus to include the fast-moving innovation of FinTech. With mobile transactions projected to […]