Payments News
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On The Web

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Security

Fingerprint ID Dominates Authentication, But Facial Recognition Is Growing Fast

“With payments fraud growing every year, the pressure is on in markets worldwide to adopt more sophisticated technology to verify the identity of mobile users. Against that backdrop, the winning technology is fingerprint recognition, with facial-recognition systems presenting a fast-growing alternative, according to the latest study from United Kingdom-based Juniper Research. Driving much of the […]
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Security

JPMorgan to Ban Third-party Fintech Platforms From Accessing Customer Passwords

“JPMorgan Chase is to enforce stricter security measures, banning third-party fintech apps from accessing customer passwords. The existing method of data sharing provides — with permission — numerous apps with access to customers’ bank accounts, but concerns have been voiced about the possible dangers. No timetable has been set out, but the American finance giant […]
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Security

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds […]
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On The Wires

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Security

PayMyTuition Changes the Game by Incorporating Open Banking Into Their International Student Payment Plans Solution for Educational Institutions

“PayMyTuition, a leading provider of technology-driven payment processing solutions, announced today that it has incorporated open banking into its innovative solution for international payment plans for universities and colleges. This launch will enable educational institutions to validate student banking information and account balance status in real time, creating a highly efficient payments process saving both the […]
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Security

Nok Nok Labs and Netcetera to Provide Delegated Authentication Solutions for Compliance With PSD2-Strong Customer Authentication and EMV® 3-D Secure

“Nok Nok Labs (Nok Nok), the trusted leader in passwordless authentication and Netcetera, the trusted partner for digital payment solutions, today announced a partnership that will deliver delegated authentication solutions to merchants and payment providers seeking to address PSD2-SCA and 3DS 2.x protocols compliance. By utilizing the Nok Nok™ S3 Authentication Suite’s FIDO-based passwordless authentication, merchants, PSPs […]
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