Payments News

On The Web

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Security

Credit Freezes are Free: Let the Ice Age Begin

“It is now free in every U.S. state to freeze and unfreeze your credit file and that of your dependents, a process that blocks identity thieves and others from looking at private details in your consumer credit history. If you’ve been holding out because you’re not particularly worried about ID theft, here’s another reason to […]
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Security

PNC Bank to offer dynamic CVV cards to commercial customers

“PNC Bank is piloting dynamic CVV cards that use an e-ink screen on the reverse of the card to display a continuously updated three-digit CVV security code. The US-based bank plans to begin offering the cards to its Treasury Management division’s commercial cardholders in early 2019. PNC is using cards based on Visa’s Dynamic CVV2 Specification […]

On The Wires

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Security

Whitepages Pro Introduces Transaction Risk API

“The predictive identity data features included in Transaction Risk API are leveraged in models, alongside internal company data, to provide an additional layer of identity verification for real-time risk reduction at scale. In under 100 milliseconds (ms), the core identity data elements of email, IP, phone, address, and name are scored to return a concise […]
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Security

Financial Industry Unites to Enhance Data Security, Innovation and Consumer Control

“Financial institutions, fintech firms and industry groups announced the launch of the Financial Data Exchange (FDX), a non-profit organization to unify the financial sector around the secure exchange of financial data. FDX will address common challenges around the way the industry shares consumer account information to enhance security, innovation and consumer controls. FDX is a subsidiary […]