Payments News

On The Web

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Security

FIDO2: Android Is Helping Kill Passwords on a Billion Devices

“On Monday, Google and the FIDO Alliance announced that Android has added certified support for the FIDO2 standard, meaning that the vast majority of devices running Android 7 or later will now be able to handle password-less logins in mobile browsers like Chrome. Android already offered secure FIDO login options for mobile apps, where you […]
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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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On The Wires

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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

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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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

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 […]
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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 […]