Tech firms to explore next gen payment cards that combine fingerprint sensors with digital displays

Idex Biometrics and Visionox collaborating to develop fingerprint sensors with integrated displays — Idex Biometrics — “By combining the fingerprint sensor with a display, the user experience and security can be significantly enhanced. The display can be used for a range of features including dynamic CVV to address card-not-present fraud, user-specific information such as account balance, or to provide feedback when enrolling the fingerprint. The technology will also be applicable to other verticals such as mobile or IoT.”



US financial institutions pilot dynamic CVV cards

Worldpay tests dynamic CVV cards in anticipation of broader availability — Digital Transactions — “Worldpay is testing the Motion Code-enabled credit and debit cards with two undisclosed credit unions and a bank before broader availability, expected later this year. The hope is to make online shopping more secure… A dynamic CVV means a criminal may obtain the card number, but will be unable to verify the CVV because it will have changed.”


Barclays to issue cards with dynamic CVV?

UK bank Barclays is planning to issue bank cards that replace the three-digit security number on the back of the card with a dynamic CVV code that changes periodically to tackle online purchasing fraud, according to The Telegraph... More


InComm to pilot dynamic CVV codes

Prepaid card provider InComm is to pilot a real-time authentication solution that will allow its cardholders to complete transactions using dynamic CVV codes that replace the static CVV codes printed on the back of cards... More




Gemalto tackles card-not-present fraud with dynamic CVV codes

Gemalto

PARTNER NEWS: Digital security giant Gemalto has launched Dynamic Code Verification, a payment security solution that replaces traditional, static three-digit security codes with a time-based dynamic CVV/CVC that changes every 20 minutes and can be displayed on a customer’s mobile device or a display-enabled payment card... More



Security researchers raise Google Wallet concerns

Via Forensics and Google Wallet

The amount of unencrypted data stored by the Google Wallet app “surpasses what we believe most consumers find acceptable,” says digital forensics specialist viaForensics in a report on the security of the search giant’s NFC wallet — but no access to the secure element was gained. More


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