Saudi banks pilot blockchain-based cardless ATM withdrawals

Saudi banks trial blockchain-based identity technology at ATMs — Computer Weekly — “The Saudi Arabian trial will enable local consumers to use their faces and blockchain-based apps to withdraw money from cashpoint machines instead of PINs. The ID authentication prototype, currently under test, can communicate across banks and uses blockchain to confirm an individual’s identity without accessing the bank’s database.”


EU offers issuers extra time to implement strong customer authentication

Opinion of the European Banking Authority on the elements of strong customer authentication under PSD2 — European Banking Authority — “In order to avoid unintended negative consequences for some payment service users after 14 September 2019, CAs [national competent authorities] may decide to work with PSPs [payment service providers] and relevant stakeholders, including consumers and merchants, to provide limited additional time to allow issuers to migrate to authentication approaches that are compliant with SCA [strong customer authentication].”


Crédit Agricole pilots biometric bank cards

Mastercard collaborates with Crédit Agricole on biometric card trial in France — Mastercard — “Mastercard is working with Crédit Agricole Payment Services on a biometric card pilot for 200 customers in Touraine and Poitou, who will trial the card which features an integrated fingerprint sensor. Cardholders will place their finger on the sensor to make secure and prompt contactless payments without the ceiling limit of 30 euros.”


Survey finds consumers ‘reluctant to swap passwords for biometrics’

Consumers reluctant to swap passwords for biometrics for fear of identity fraud — Paysafe Group — “Over half of consumers (56%) are worried that the shift to biometrics to authenticate online payments will dramatically increase the amount of identity fraud, according to new research conducted by Paysafe… The research found that four fifths (81%) of consumers still favour passwords for making payments online due to concerns about the security of new biometric options.”







Google releases Android Q Beta with added biometric authentication support

Introducing Android Q Beta — Google — “In Android Q we’re extending support for passive authentication methods such as face, and adding implicit and explicit authentication flows. In the explicit flow, the user must explicitly confirm the transaction in the TEE during the authentication. The implicit flow is designed for a lighter-weight alternative for transactions with passive authentication. We’ve also improved the fallback for device credentials when needed.”




Liopa uses lip reading to add security to face recognition systems

Belfast tech startup using automated lip-reading to make user authentication systems more resistant to spoofing attacks — Liopa — “LipSecure works in conjunction with the vendor’s existing FR [facial recognition] system and prompts the user to repeat a random sequence of digits that appear on their screen. Liopa’s AI-based Visual Speech Recognition (VSR) technology checks if the digits have been spoken or mimed correctly and thus determines if there is a ‘live’ person present.”



First Direct lets customers make payments in social media apps

First Direct leading the way with social media payments — First Direct — “First Direct customers are now able to make secure peer-to-peer payments seamlessly while using social media apps such as WhatsApp and Facebook Messenger… Customers can now use the in-app PayKey technology to simply tap a payment icon on the phone’s keyboard within a conversation and manage a payment within seconds without having to open the banking app… On pressing the fd button, customers are securely authenticated via the app and are able to make a payment.”


Luxochain to use NFC and the blockchain to guarantee the authenticity of luxury goods

Luxochain combats counterfeiting with launch of authentication and tracking service of luxury goods on the blockchain — Luxochain — “At the stage of manufacture, all authentic luxury products will be fitted with an invisible and encrypted serial number (a Block ID). The ID is associated with a token that is uniquely identifiable, to which luxury brands will register on the blockchain. Once inputted, the information can never be altered from the outside. Certifying authenticity at the point of sale using blockchain technology, customers can scan the code and ascertain the authenticity of the product.”


US credit unions to offer blockchain digital ID service

Credit unions adopt blockchain as the first step for digital ID — PaymentsSource — “MyCUID uses distributed ledger technology that allows credit unions to detect fraud and support self-sovereign identity, or a decentralized user-controlled authentication that can enable access to apps, programs, buildings, triggers for financial transactions, and other uses… CULedger on Jan 18 is scheduled to demonstrate MyCUID with a more general public rollout scheduled for the second half of 2019.”





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