PaymentsNews

On The Web

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Deals

OneLogin snares $100M investment to expand identity solution into new markets

“OneLogin is not a young startup by any means. The identity access management company was founded in 2009 and has watched while companies like Ping Identity, Duo Security and Okta had tidy exits. But as CEOs are fond of pointing out, the total addressable market is large and where investors see a chance, they take it. Today, the company announced a […]
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Security

Mastercard to leverage NuData behavior analysis for untapped African payments market

“Mastercard plans to leverage the data analysis technology it acquired in 2017 with NuData Security to address the potential of the African payments market, Business Dailyreports. Nearly 95 percent of transactions in Africa are made in cash, and Mastercard General Counsel Tim Murphy said on a recent visit to Nairobi, Kenya, that security enhancements provided by NuData’s flagship product […]
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Security

RBI issues guidelines for tokenisation of card transactions

“Tokenisation, which aims at improving safety and security of the payment system, refers to replacement of actual card details with an unique alternate code called the ‘token’, which shall be unique for a combination of card, token requestor and identified device. Instead of using actual card details, this token is used to perform card transactions in […]
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Security

New Biometric Privacy Platform to shield Aaadhaar data

“Biometric Privacy Platform includes privacy and consumer-choice layer on top of Aadhaar online and offline authentication modes. Devices that have integrated BPP and its authentication modalities allow user interaction to make dynamic choices at the time of each authentication event. BPP’s QR Code offline authentication capability is fully compliant with the Aadhaar act, current Supreme […]
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Global

Card payments set to be more secure, with RBI’s token rule

“If you have switched many of your transactions to non-cash modes in the last few years, you are not alone. More and more retail investors are switching to non-cash modes—for both person-to-person transfers and person-to-merchant transactions. In the current financial year alone, the number of credit card transactions at points of sale (PoS) has gone up from […]
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Security

Canada urges blockchain on for digital ID dream

““We should be open to innovative identity verification methods like document review through a live video connection, use of blockchain, biometrics and other methods that have begun to see widespread adoption in other parts of the economy,” Parmenter comments. “These methods have the potential to prove a person’s identity more securely and accurately than showing […]
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Security

China’s first facial recognition payment-based shopping street opens in Wenzhou

“A historical shopping street in Wenzhou City, Zhejiang Province, has become the first in China to extensively apply facial recognition in making payments. The government in Wenzhou, a city known as the country’s cradle for private entrepreneurship, has joined with Ant Financial, operator of China’s biggest online payment platform Alipay, and e-commerce giant Alibaba through an […]

On The Wires

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Security

Sberbank and Azbuka Vkusa perfect fingerprint payment service

“Thanks to cooperation between Sberbank and Azbuka Vkusa, Russian residents can pay for shopping using their fingerprint at all AV supermarkets that are equipped with biometric POS terminals, regardless of where they signed up for this service. Previously clients could only use fingerprint payment at the supermarket where they registered their biometric details.”
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Security

Nok Nok Labs announces biometric authentication deployment for mobile clients

“Nok Nok Labs, a leader in next-generation authentication and co-author of multiple FIDO (Fast IDentity Online) authentication standards, today announced the commercial deployment of the award-winning Nok Nok™ S3 Authentication Suite (Nok Nok™ S3 Suite) for SoftBank Corp (“SoftBank”). SoftBank’s over ten million mobile subscribers now have the ability to use biometrics for authentication through the mobile application […]
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Security

First Data Announces PCI P2PE Validation for Enterprise Clients

“First Data , a global leader in commerce-enabling technology, today announced a new PCI P2PE validation to its portfolio, TransArmor P2PE using Ingenico Group’s On-Guard solution. The addition of TransArmor P2PE makes First Data the first processor to offer enterprise clients a single, multi-layered solution with both point-to-point and end-to-end encryption.”