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    News about Risk.

    EMVCo updates tokenization specification with new payment account reference data element

    March 30th, 2016

    EMVCo has updated its tokenization specification to include a new payment account reference (PAR) that can be used to link a cardholder’s payment token with their primary account number (PAN) without needing to use their underlying… More

    Visa launches VDEP service to make it easier and cheaper for banks to offer mobile payments

    May 29th, 2015

    Visa has launched the Visa Digital Enablement Program (VDEP), a new service that builds on the company’s token technology and adds a “turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution clients and… More

    Apple Pay provisioning fraud hole “has to get plugged now”

    March 1st, 2015

    “Rampant” fraud levels being experienced by US card issuers that have signed up for Apple Pay need to be addressed with urgency, payments consultant Cherian Abraham has told NFC World, to avoid Apple, the individual… More

    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

    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

    Blaze seeks buyer for early NFC patent

    April 8th, 2014

    Blaze Mobile is selling US patent number 8,630,905, an NFC payments patent entitled “Single Tap Transactions using a Secure Element” that dates back to 2007. The patent sale is being handled by ICAP Patent Brokerage…. More

    Aconite adds HCE and EMV token support

    April 7th, 2014

    EMV and NFC payment software specialist Aconite has added support for host card emulation (HCE) and EMV tokenization to its product offering, enabling issuers to “operate an HCE and token-enabled service, including real-time data preparation,… More

    NFC Forum issues statement on host card emulation

    March 20th, 2014

    The NFC Forum has issued a statement outlining its position on host card emulation (HCE). The industry body confirms that the use of HCE does not conflict with its own standards but cautions that “service… More

    FTC looks into mobile payments

    January 30th, 2012

    The US Federal Trade Commission is inviting comments from industry representatives, consumer groups, technology providers and academics ahead of a mobile payments workshop it will host in Washington, DC on 26 April. More

    Mobile payments to overtake cards within ten years

    September 14th, 2011

    Mobile payments will represent 15% of all card transactions by 2013, and will overcome card volumes within 10 years if growth continues at the same rate, according to the World Payments Report 2011. More