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Security

News about Security.

America First Credit Union adds Apple Pay

November 25th, 2014

America First Credit Union has become the latest card issuer to roll out support for Apple Pay to its members. “Security and privacy is our upmost priority when it comes to offering our members the latest in technology and mobile advancements,” the credit union’s Rich Syme says. “Apple Pay will bring a new level of efficiency for members, allowing them to pay with their mobile devices in a fast, easy and secure way.”

Motorola secures Android and Apple devices with smart keyfob

November 20th, 2014

Motorola has unveiled Motorola Keylink, a US$24.99 smart keyfob that uses Bluetooth Low Energy to enable iOS and Android device owners to track down their smartphone or their keys if they misplace them. “If your… More

Keyssa unveils high speed short range ‘kiss’ connectivity technology

November 17th, 2014

Keyssa, a US startup backed by US$47m in funding from investors that include Intel, Samsung and Dolby Family Ventures and chaired by Nest founder Tony Fadell, has unveiled Kiss Connectivity, a solid-state embedded connector that can be used to transfer data between two devices at up to six gigabits per second. More

Survey: Contactless adoption requires security proof

November 17th, 2014

Two out of three Americans would consider making mobile or contactless payments more often if they were proven to be secure, a survey of 1,000 US consumers conducted by Kelton Research for Gemalto has found. Currently, however, 69% are concerned about mobile payments security and 62% are worried about the security of contactless payments.

Visa CEO: We may not charge a fee for tokenization

November 14th, 2014

Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in… More

MasterCard and Visa to create new security standard to replace passwords for online payments

November 13th, 2014

MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range… More

Costa Rican bank adds face biometrics to mobile app

November 10th, 2014

Costa Rican bank Grupo Mutual has worked with biometric technology provider FacePhi to build face recognition into its mobile banking app. The system will be introduced for more than 250,000 of the bank’s customers in January 2015 following testing with employees and clients.

Amex adds tokens and HCE

November 3rd, 2014

American Express has announced the US launch of American Express Token Service, a suite of solutions enabling traditional card account numbers to be replaced with tokens for mobile, online, in-store and NFC payments. Network specifications for host card emulation (HCE) are now also available globally, says Amex, providing “card-issuing partners with additional security options and solutions for payments made with mobile NFC-enabled devices that support Android OS KitKat.”

Visa CEO identifies mobile payment as major growth driver

October 31st, 2014

Mobile payments will be a “great driver” for Visa, CEO Charles Scharf has told analysts during the company’s Q4 earnings call, and Apple Pay is just the beginning. “A proliferation of exciting mobile and digital… More

Kili puts mPOS in a chip

October 31st, 2014

Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015.

A million consumers sign up for Apple Pay in first 72 hours

October 28th, 2014

Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba. More

Survey finds US consumers willing to switch platforms to get Apple Pay

October 27th, 2014

Almost half (45%) of US smartphone owners with non-iOS devices would be willing to switch to an iOS device in order to gain access to Apple Pay, a study from market research firm Lab42 has… More

TCH plans real time payments

October 27th, 2014

The Clearing House (TCH) and its member banks are planning to build a real-time payment system in the US that will enable consumers and businesses to send and receive immediate payments directly from their accounts. “The digital economy moves in real time and our customers expect us to keep pace,” says chairman Richard Davis. “We will work with the industry to build a real-time payment infrastructure, which will enable consumers to pay and get paid securely and conveniently.”

Apple Pay glitch charges customers twice

October 23rd, 2014

Some Apple Pay users have been charged twice for purchases made using a Bank of America card, CNN’s Samuel Burke discovered after using the service to make purchases at Whole Foods and Duane Reade earlier this week. 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.”

JPMorgan Chase CEO outlines mobile wallet strategy

October 20th, 2014

JPMorgan Chase plans to make its debit and credit cards available in a wide array of mobile wallets — including one of its own to be launched later this year — even if that means cutting current margins, CEO Jamie Dimon has told analysts during the bank’s third quarter earnings call. More

MasterCard backs Zwipe fingerprint payment card

October 20th, 2014

MasterCard has partnered with Zwipe, maker of a contactless payment card that includes an integrated fingerprint biometric sensor, for the commercial launch of the technology following a pilot with Norway’s Sparebanken DIN. More

Obama signs chip and pin law

October 20th, 2014

US President Barack Obama has signed an executive order “directing the government to lead by example in securing transactions and sensitive data” by adding chip and PIN security to payment cards. “He is calling on all stakeholders to join the Administration and a number of major corporations in driving the [US] economy toward more secure standards to safeguarding consumer finances and reduce their chances of becoming victims of identity theft — America’s fastest-growing crime,” the White House says.

Messenger to add payments

October 6th, 2014

The ability to make payments from within Facebook Messenger is on its way, according to screenshots and video footage spotted by Techcrunch. “Messenger’s payment option lets users send money in a message similar to how they can send a photo,” the report explains. “Users can add a debit card in Messenger, or use one they already have on file with Facebook. An in-app pincode also exists for added security around payments.”

How Apple will generate revenues from mobile payments begins to become clear

September 11th, 2014

An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional… More

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