News about Identity theft.
March 9th, 2016
Customers of People’s United Bank in the US can now add their debit cards to Samsung Pay. “Samsung Pay’s wide acceptance and security are a perfect fit for the chip-enabled People’s United MasterCard debit card, which also includes a cash back Prewards program, identity theft alerts and price protection for qualifying purchases,” says the bank’s Ted Josephson.
November 5th, 2015
More than half of US consumers (51%) are likely to use a bank offered mobile wallet with the top challenges for mobile wallet adoption being fear of identity theft (68%) and merchant acceptability (33%), research from CCG Catalyst reveals. “45% currently use PayPal mobile, which was the most popular mobile wallet used by consumers who took part in the survey,” the company says.
June 2nd, 2015
Researchers at China’s Tsinghua University and technology company Tzekwan have unveiled an ATM with inbuilt facial recognition features. “The ATM camera captures facial images and compares them with the ID photos of users for verification,” Xinhua News Agency reports. “The machine will be able to identify the cardholders if their facial features have changed and avoid thieves who attempt to trick the machine.”
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.
May 27th, 2014
Mobile authentication provider Authentify is to provide a way for banks, payments networks and other secure service providers to make use of the fingerprint scanner built into the Samsung Galaxy S5 to add an extra…
May 19th, 2014
Identify theft protection provider LifeLock has withdrawn LifeLock Wallet, a service built on Lemon Wallet which it acquired for US$50m in December 2013. “Certain aspects of the mobile app may not be fully compliant with payment card industry (PCI) security standards,” says LifeLock CEO Todd Davis. “For that reason, we are removing the LifeLock Wallet application from the App Store, Amazon Apps, and Google Play, and when users open the LifeLock Wallet, their information will be deleted in the app.”
December 9th, 2013
Just over a third of British adults (35%) are aware of NFC-enabled mobile devices, with 9% saying they know that their personal device is NFC-enabled and 22% of those having used NFC to make a…
May 2nd, 2013
Momentum is building for Fido, an open security authentication concept that aims to allow users to replace passwords with a range of authentication methods, including NFC and biometrics. Both Google and NXP have now signed up to the project, alongside founder members that include PayPal and Lenovo.
May 24th, 2011
‘Providing shoppers with clearer information about contactless technology will be critical to improving knowledge and consumer adoption,’ says research from Ingenico.