Payments News

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

The Ultimate Account Security Is Now in Your Pocket

“We consider security keys based on FIDO standards, like our Titan Security Key , to be the strongest, most phishing-resistant method of 2SV on the market today. These physical security keys protect your account from phishers by requiring you to tap your key during suspicious or unrecognized sign-in attempts. Now, you have one more option—and […]
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Security

Krebs on Security

“Google this week made it easier for Android users to enable strong 2-factor authentication (2FA) when logging into Google’s various services. The company announced that all phones running Android 7.0 and higher can now be used as Security Keys, an additional authentication layer that helps thwart phishing sites and password theft. As first disclosed by KrebsOnSecurity last summer , […]

On The Wires

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Security

Nok Nok Labs Announces Successful Deployment of Biometric Authentication for Internet Banking Customers at MUFG Bank, Ltd with Hitachi Ltd:

“Nok Nok Labs (Nok Nok), the trusted leader in next-generation authentication today announced that its partner Hitachi, Ltd., successfully deployed the Nok Nok™ S3 Authentication Suite (NNL S3 Suite) at MUFG Bank, Ltd. (MUFG Bank), Japan’s largest bank. MUFG Bank customers who are utilizing the internet banking service, now have a frictionless user experience that enables them to execute banking transactions faster and with […]
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Security

Fintech and Blockchain Pioneers Team Up to Bring DLT Security to Voice Banking

“When ConnectFSS began implementing the FIVE Voice Banking Platform for clients, president Grant Parry saw an opportunity to combine FIVE with work being done on CULedger’s MyCUID digital credential solution. Now, the consortium is working on a new way for members to authenticate during their voice banking transactions, utilizing the security benefits offered by MyCUID’s […]
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Security

Klarna Launches Global Customer Authentication Platform

“Transactis is a new NACHA Preferred Partner for API Enablement of Electronic Bill Payments. NACHA Preferred Partners are a select group of innovators that contribute to NACHA’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security […]