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Fraud

News about Fraud.

Bell ID offers tokenization management software

October 23rd, 2014

PARTNER NEWS: Payment credential management specialist Bell ID has introduced Tokenization Manager, a software solution that can be used by token requesters such as card issuers to manage payment tokens, by digital wallet providers to… More

Amex commits $10m to EMV upgrades

October 20th, 2014

American Express is to launch a US$10m Small Merchant EMV Assistance Program in February 2015 to drive adoption of EMV. “We know from speaking with our smallest merchants that they are too busy running the day-to-day operations of their businesses to keep up with the constantly changing fraud landscape,” says Amex’s Anré Williams. “We’re launching this program to help educate small merchants about point-of-sale security and offset the cost of upgrading their terminals.”

Federal Reserve gives cautious backing to tokenization

September 24th, 2014

The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more… More

Barclays to provide corporate customers with finger vein biometric devices

September 5th, 2014

Barclays is to provide its UK corporate banking customers with finger vein biometric authentication devices that will let them “easily access their online bank accounts and authorise payments within seconds, without the need for PIN,… More

US merchant groups call for creation of open tokenization standards

August 1st, 2014

Leading merchant groups in the US have come together to call for the creation of an alternative set of open standards for tokenized payments that would be managed by an independent body such as ISO or ANSI — rather than by the payments industry. More

HID Global aims to cut Medicaid fraud via NFC

July 8th, 2014

HID Global has introduced a care worker tracking service that meets Medicaid Electronic Visitor Verification (EVV) requirements. The service uses NFC tags and NFC phones to provide an “indisputable and auditable” record of visits made… More

Survey finds American cardholders are ready for EMV

July 4th, 2014

Almost 70% of Americans believe that EMV chip technology makes their debit and credit card transactions more secure, with only 5% feeling chip cards make their transactions less secure, a new survey released by NXP… More

Deluxe brings checks into the mobile era

July 4th, 2014

US check printing company Deluxe Corporation has introduced the Deluxe Mobile Checkbook, a new app that will let small business owners send and receive checks using their mobile device. Available now for iOS, the app… More

BioCatch raises $10m to expand behavioural biometrics platform

June 24th, 2014

BioCatch has raised US$10million to expand its behavioural biometric authentication platform. The service collects and analyses more than 400 behavioural signals and is used by banks to detect suspicious behaviour online. It is now also available… More

Aite reports on US migration to EMV

June 10th, 2014

Some 70% of US credit cards and 41% of debit cards will be EMV enabled by the end of 2015, according to a new Aite Group report, but the majority will be contact cards rather… More

App that turns off debit cards sees massive usage surge after Target breach

June 6th, 2014

Usage of mobile banking technology provider Malauzai Software’s debit card on/off service, which allows customers of its financial institution clients to use their mobile phone to activate and deactivate their debit card on the go,… More

Diebold brings NFC to ATMs

October 9th, 2013

ATM maker Diebold is adding the option to upgrade its Opteva terminals to enable them to interact with contactless cards and NFC devices. The solution will speed up the cash withdrawal process and reduce the risk of card theft and fraud, Diebold says.

Bell ID launches NFC secure element in the cloud platform

June 5th, 2013

The new service enables keys, certificates and NFC credentials to be stored securely in a remote location, rather than in the mobile device, is fully compatible with standard EMV contactless payments terminals and enables card issuers to deploy NFC solutions without the need to partner with mobile network operators or other third parties. More

Tesco: NFC payments are too complex and offer too few benefits

April 24th, 2013

“NFC was revolutionary 10 years ago but I think it just might have passed its sell-by date”, the retail giant’s Lyndon Lee told attendees at a mobile payments conference in London this week. “We are developing a digital wallet, focusing on marketing and loyalty aspects, but payment may not enter the wallet.” More

TapMeTags and xpWallet team up

April 16th, 2013

New Delhi-based mobile wallet solutions provider xpWallet has announced a partnership with Toronto-based NFC specialist TapMeTags. As well as collaborating on mobile payment products, the two companies will work together on anti-fraud systems for NFC devices and tags.

ARM, Gemalto and G&D introduce alternative to NFC secure elements

December 18th, 2012

Trustonic, a joint venture set up by the three companies, will provide TSMs and service providers with the key to their own secure area within a trusted execution environment on an ARM processor, in exchange for a one-off fee, providing an alternative to secure element chips for applications requiring low- to mid-range security. More

Sixty banks and retailers sign up for new Korean mobile wallet service

December 12th, 2012

KT’s MoCa combines payment cards, coupons and offers stored in the cloud with a mobile wallet app that allows consumers to make payments at merchants via traditional barcodes, QR codes or NFC — providing retailers with the flexibility to use their prefered choice of POS hardware to close the “last inch” at the point-of-sale. More

Intellitix opens in Australia

November 27th, 2012

Event ticketing and payments specialist Intellitix has opened an office in Sydney, Australia. The company’s RFID and NFC based systems will offer Australian music fans easy access, cashless payment and social media features at large events, while providing organisers with analytics and tools to fight ticket fraud and touting. The company already has offices in the US, Canada and the UK and has issued more than 2.5m tags at festivals including Coachella, Bonnaroo and Lollapalooza over the last 18 months.

Call for contributions: New report on mobile payments and the future of merchant transaction fees

November 26th, 2012

The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated — and we’d like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale. More

Inside Secure to offer cloud-based NFC secure element solution

September 25th, 2012

The NFC and contactless technology specialist has developed a way to turn NFC phones into “secured antennas” that can securely pull down sensitive data stored in the cloud and present it to a POS terminal or a contactless door lock — without the need to include an NFC secure element in the phone. More

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