PaymentsNews

On The Web

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Security

Is Facial-Recognition Technology Hurting Apple Pay?

“Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could be making it even harder […]
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Security

Here’s Why Account Authentication Shouldn’t Use SMS

“The database, which wasn’t protected by a password, contained 26 million text messages, some of which were two-step verification codes and password reset links, TechCrunch reports. When it was found, the database was still recording texts in near real-time, offering a huge resource for potential attackers. The database ran on Amazon’s Elasticsearch and used Kibana, a visualization and querying […]
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Security

Why Passwords Might (Finally) Go Away

“Widespread replacement of password-only authentication needs more than regulations. Without a set of standard protocols, organisations and companies will struggle to find an authentication technology that keeps them in line with security regulations while making their applications available to their users.”
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Global

Aadhaar authentication through QR codes to resume soon

“This time it will be allowed in offline mode. The authentication process will stand scrutiny, according to UIDAI CEO Ajay Bhushan Pandey. All the regulators are on the same page in respect to this, he added. The process will require a change in existing infrastructure to accommodate with offline mode. However, the private firms would not have […]
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Security

Fintech companies seek access to Aadhaar

“Financial service providers are looking forward to regaining access to Aadhaar-based verification after the Union Cabinet said it would seek approval from Parliament to amend laws that will allow banks and telecom companies to verify user details stored within the country’s largest identification database.”
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Security

Temple University Switches on Support for iPhone Campus Cards

“Students and staff at Temple University in the US can now use their iPhone or Apple Watch as their campus identification card. The programme, which was announced by Apple last year, allows holders of the University’s physical OWLcard to use their Apple device instead for a number of services around the campus. These include gaining entry […]

On The Wires

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Security

Central 1 Launches Integration for Secure Digital Solution for Financial Institutions

“Central 1, creating digital solutions that make everyday banking easier, today announces the launch of technology that allows financial institutions to offer SecureKey ConciergeTM, a single sign-on authentication service, to their members. The seamless integration of Central 1’s product means financial institution customers can access additional online services using their existing digital banking credentials, providing […]
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Deals

Atlanta-based IDology to Be Acquired by GBG for $300m

“GBG, the UK-headquartered Identity Data Intelligence specialist, today announces that it has conditionally agreed to acquire the entire issued share capital of IDology, a US-based provider of identity verification and fraud prevention services, for $300m (£233m) in an all-cash transaction. IDology is a fast-growing provider of identity verification services that helps remove friction both in onboarding customers and […]
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Security

FIDO Alliance Specifications Now Adopted As ITU International Standards

“The FIDO Alliance, the industry consortium developing open, interoperable authentication standards, announced today that two of its specifications are now recognized as international standards by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes FIDO UAF 1.11 and CTAP2 as official ITU standards (ITU-T Recommendations) for the global infrastructure of information and communication technologies (ICT).”