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Security

News about Security.

Smart Card Alliance offers HCE paper

August 27th, 2014

The Smart Card Alliance has published Host Card Emulation (HCE) 101, a white paper that “takes a deep dive into HCE and NFC opportunities and security considerations”. HCE is “an opportunity for application developers to more easily provide convenient and consumer-friendly NFC applications, but also increases the chances of hackers gaining access to information through malware and/or denial of service attacks,” says executive director Randy Vanderhoof.

St George adds fingerprint security to mobile banking app

August 27th, 2014

Customers of Australia’s St George Bank will be able to use the Touch ID fingerprint verification technology built into the iPhone 5S to log into mobile banking when iOS8 launches in September. The launch will be… More

EyeVerify raises $6m

August 21st, 2014

EyeVerify has raised US$6m in Series A funding for a service that uses the camera in a mobile phone to secure access to mobile banking and other apps. The company’s Eyeprint Verification System captures and compares the pattern of blood vessels in the whites of the user’s eyes and is expected to be used “in financial services, enterprise mobility management, mobile security, telecoms, healthcare and government”.

US to get 575m chip cards next year

August 21st, 2014

More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”. Members of the PST include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.

Analysts report on Apple/Visa partnership

August 5th, 2014

“We think a partnership between Apple and Visa would make strategic sense and believe an announcement could happen as early as this fall,” a team of Pacific Crest Securities analysts has concluded in a new report that follows reports suggesting that two are in talks on mobile payments. “A combination of cloud-based (HCE) and physical (SE or TEE) seems like a plausible security strategy for Apple.”

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

NXP CEO: NFC secure elements will continue to see strong demand

July 29th, 2014

“We feel very comfortable with the strength of the secure element,” NXP Semiconductors CEO Rick Clemmer has told analysts during the chip maker’s second quarter earnings call. “We think that the real killer app will have… More

CU Wallet signs up 65 credit unions for QR mobile payments

July 21st, 2014

CU Wallet, a mobile payments platform developed for US credit unions and majority owned by its cooperative members, has been adopted by 65 credit unions with a combined total of more than seven million customers,… More

CrucialTec to secure mobile banking with fingerprints

July 18th, 2014

Korean mobile input technology specialist CrucialTec is developing a fingerprint authentication solution that will replace passwords when consumers access mobile banking services on their smartphones, Korea Herald reports. The solution, which is designed to achieve the necessary security certification for use in online banking in Korea, is set to be introduced later this year.

Visa Inc abandons digital wallet ambitions, Visa Europe to continue investing

July 17th, 2014

Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just… More

Two thirds of UK smartphone owners open to the idea of mobile wallets

July 10th, 2014

Two thirds of UK smartphone owners are open to the idea of using a mobile wallet, according to a survey conducted by Marketing Sciences — but most consumers want to use a mobile wallet to… More

British Banking Association reports on UK’s banking ‘revolution’

July 9th, 2014

Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how… More

Diebold and Wincor Nixdorf form ATM security alliance

July 9th, 2014

ATM manufacturers Diebold and Wincor Nixdorf have partnered to found an association aimed at working to improve cash machine security. The ATM Security Association aims to compile information on recognised and potential attack scenarios, and share it with specific industry groups to rapidly deploy and implement counter-measures at a global level. Participation is open to institutional operators, global ATM manufacturers and their suppliers.

Easyjet pilots Bluetooth beacons at three European airports

July 8th, 2014

Low-cost airline easyJet is trialling iBeacon technology at London Luton, London Gatwick and Paris Charles de Gaulle airports. The aim of the project is to “enhance the in airport experience”, the airline says. Bluetooth Low Energy… 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

CaixaBank launches payments wristband that can be used at any Visa merchant

July 3rd, 2014

CaixaBank has become the first in Europe to launch a Visa-branded wristband that allows users to make contactless payments at locations equipped with a contactless POS terminal. This summer, the Spanish bank will distribute 15,000 wristbands… More

Sensory adds voice and face security to phones

July 2nd, 2014

US startup Sensory has unveiled a biometric security solution that enables individual apps on a consumer’s smartphone to be secured via voice verification, facial verification or, for higher security applications like mobile payments and banking,… More

Air France lets passengers board planes with NFC

July 2nd, 2014

Air France, Orange, SITA, Toulouse-Blagnac Airport and RESA have teamed up to provide an NFC boarding experience, allowing a select number of passengers to move through the airport — from entering the building to boarding… More

Android L speeds up NFC P2P sharing

June 27th, 2014

New support for Android Beam, the name used for NFC peer-to-peer sharing in Android, is to be introduced with Android L, version 5.0 of Google’s operating system. Currently, Android Beam only springs into action once… More

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