Payments News

On The Web

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Security

Finnish firm trials face payments

“The users participating in the pilot can currently use facial recognition when paying for lunch. “The initial feedback has been very encouraging. The employees have been surprised how convenient the method is and how smoothly the new checkout works. Unlike with, say, mobile payments, customers don’t have to get their wallet or smartphone out to complete […]
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Global

UIDAI’s Aadhaar Software Hacked, ID Database Compromised, Experts Confirm

“The authenticity of the data stored in India’s controversial Aadhaaridentity database, which contains the biometrics and personal information of over 1 billion Indians, has been compromised by a software patch that disables critical security features of the software used to enrol new Aadhaar users, a three month-long investigation by HuffPost India reveals.”
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Security

In Boarding New Accounts And Reducing Abandonment, Biometrics May Be Nearing the Mainstream

“On biometric authentication, “The biggest comment we learned from payments customers is it has helped with abandonment,” says Daon’s Bourke. Prospects for the increased use of biometric authentication are positive. Over the next five years, Juniper Research predicts the estimated number of users of the technology will increase from 429 million today to more than 1.5 […]
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Security

Pointing the Finger at Biometric Card Misconceptions

“Now biometric cards are being added to the payment mix. With these cards, you can use your thumbprint as an alternative to a PIN or signature at the same in-store chip or contactless terminals you use every day. Mastercard developed the biometric card, combining chip technology with fingerprints to conveniently and safely verify cardholder identity […]
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Security

The Devil Is in The Details Of Project Verify’s Goal To Eliminate Passwords

“A coalition of the four largest U.S. wireless providers calling itself the Mobile Authentication Taskforce recently announced an initiative named Project Verify. This project would let users log in to apps and websites with their phone instead of a password, or serve as an alternative to multi-factor authentication methods such as SMS or hardware tokens. Any work to find a more secure and […]
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Global

UIDAI asks telecom firms to submit plan to discontinue Aadhaar-based e-KYC

“The Unique Identification Authority of India (UIDAI) has asked telecom companies to submit a detailed plan within the next 15 days on discontinuation of Aadhaar-based authentication service used by them to verify their customer. A circular to this effect has already been issued to the telecom service providers (TSPs) including Bharti Airtel Ltd, Reliance Jio Infocomm […]
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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.”

On The Wires

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Security

Tech Industry Leaders Ship FIDO2 Certified Solutions to Reduce Password Use on the Web

“FIDO2 browser support and first certified products are now available to reduce password use on the web, the FIDO Alliance announced today. Now, any website can leverage FIDO2 strong authentication protocols from the W3C and FIDO Alliance to replace passwords with cryptographically secure logins using convenient alternatives like on-device biometrics and FIDO Security Keys. Google Chrome, Microsoft Edge and Mozilla Firefox browsers […]