Payments News

On The Web

nbsp;

Security

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave

“Amazon.com Inc. AMZN +0.41% wants to make your hand your credit card. The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their hands, according to people familiar with the matter. They could then pay for purchases with their palms, without having to […]
nbsp;

Global

IDology’s ExpectID to Offer Integrated Global Capabilities, Enabling Secure and Frictionless Identity Verification Across Borders

“IDology , a GBG company, today announced that its ExpectID solution will incorporate additional countries from North America, South America and Europe. By internationalizing the leading identity verification platform, multi-national organizations will be able to verify and authenticate more customers safely, in real time and without friction.  ExpectID uses an innovative, multi-layered process to access thousands of data sources […]
nbsp;

Security

Here’s How Amazon’s Rumored Pay-by-hand Tech Could Work

“Amazon plans to pitch the terminals to businesses with a lot of repeat customers, such as coffee shops and fast-food restaurants, according to WSJ. Customers would use the terminals to link their palm print to a credit or debit card. Customers could establish the link between their bank accounts and palm prints by inserting a […]
nbsp;

Regulation

China Publishes Face Recognition Payments Guidelines

“The Payment & Clearing Association of China (PCAC) has published a set of guidelines that regulate how payments providers making use of face recognition to process payments at the point of sale (POS) should manage the protection of consumer data. The guidelines “cover user consent and the collection, storage and use of facial data,” Regulation […]
nbsp;

Security

Apple Joins the FIDO Alliance to Help Develop and Promote Authentication Standards

“Apple joins existing members Amazon, Facebook, Microsoft, Samsung and others in a common goal to secure online connections and support the adoption of the U2F authentication standard, which the alliance hosts.Universal 2nd Factor (U2F) is an open standard that strengthens and simplifies two-factor authentication (2FA) using specialized USB or near-field communication (NFC) devices based on […]
nbsp; nbsp;

Security

Amazon’s Biometric Scanners: the Future of Payments?

“Development of the technology is in its early stages, but it was reported that the company has already began collaborating with Visa and Mastercard on the proposed tech. Alongside this, it has been claimed that Wells Fargo, JPMorgan Chase and Synchrony Financial have also considered their cardholder accounts being linked with the technology.”

On The Wires

nbsp;

Security

Mastercard Opens Global Intelligence and Cyber Centre in Vancouver | Global Hub

“Mastercard today unveiled its new Intelligence and Cyber Centre in Vancouver, Canada. The centre will expand the company’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cyber security, artificial intelligence, and the Internet of Things. The new space in Vancouver will become one of six global […]
nbsp;

Deals

Very Good Security Announces Strategic Investment From Visa

“Very Good Security (VGS), a leader in modern data security and custodianship, announced today that it has received a strategic investment from Visa Inc. to expand access to VGS’ infrastructure-as-a-service for financial technology companies (fintechs) and large enterprises. Visa joins other notable investors, including Goldman Sachs, Andreessen Horowitz, Vertex Ventures US, and Max Levchin (co-founder […]
nbsp;

Security

Kount Unveils Identity Trust Global Network With New Adaptive AI Technology, Largest Data Network of Trust and Fraud Signals, and User Experience Engine

“Kount , the leading AI-driven fraud prevention solution, today unveiled its Identity Trust Global Network, flipping the script on fraud management from just blocking bad transactions to empowering organizations to unlock previously untapped revenue streams through delivering personalized user experiences. Identity Trust is the ability to establish a real-time level of trust for each identity […]