Payments News
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On The Web

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Security

Why Phone Numbers Stink As Identity Proof — Krebs on Security

“Phone numbers stink for security and authentication. They stink because most of us have so much invested in these digits that they’ve become de facto identities. At the same time, when you lose control over a phone number — maybe it’s hijacked by fraudsters, you got separated or divorced, or you were way late on […]
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Security

Carrefour Romania Offers Biometric Payments on Top of “single Digital Portal”

“Carrefour is testing biometric payments in Romania as part of an ongoing digital transformation project.   The chain will allow customers to pay through facial recognition at conventional and self-service check-outs at its Skanska supermarket in Bucharest. The company did not specify how customers create the digital profile that they can use at the checkout. […]
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Regulation

PSD2: Strong Customer Authentication

“On 14 September 2019, new requirements for authenticating online payments will be introduced in Europe as part of the second Payment Services Directive (PSD2) . In this guide we’ll take a closer look at these new requirements known as Strong Customer Authentication (SCA) and the kinds of payments they will impact. Finally we’ll cover the […]
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Security

Fintech Disruptor Chooses Manchester for Global Launch

“The award-winning technology, using Hitachi VeinID scanning, has been hailed as a game changer for payments. It removes the need for cash, cards and mobile, and has been described as the fastest and safest payment method on the market with no need for PIN or passwords and no transaction limits. Unlike other biometrics such as […]
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Security

Apple Card Will Make Credit Card Fraud a Lot More Difficult

“But its one feature — a one-time unique dynamic security code — will make it nearly impossible for anyone to use the credit card to make fraudulent purchases. That three-digit card verification value — or a CVV — on the back of your credit card is usually your last line of defense if someone steals […]

On The Wires

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Security

Whitepages Pro Introduces Transaction Risk API

“The predictive identity data features included in Transaction Risk API are leveraged in models, alongside internal company data, to provide an additional layer of identity verification for real-time risk reduction at scale. In under 100 milliseconds (ms), the core identity data elements of email, IP, phone, address, and name are scored to return a concise […]
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Security

Mastercard Introduces Consumer-Centric Model for Digital ID

“Mastercard (NYSE: MA) today introduced a vision for digital identity in today’s increasingly connected world.  A new paper, Restoring Trust in a Digital World , presents a detailed framework of how digital identity will work, starting with the individual sitting at the heart of every digital interaction. Guiding this model are Mastercard’s Principles of Digital Identity that […]