News about Randy Vanderhoof.
March 24th, 2017
The US Payments Forum has published a survey of card-not-present (CNP) fraud worldwide to help the US payments industry assemble “layered, effective and systematic” mitigation strategies. “While many attribute the rise in CNP fraud seen in other countries to the implementation of EMV chip technology, there are other factors such as the rapid growth of online sales and the fact that fraud prevention tools have not been fully adopted and implemented by all stakeholders,” says the trade body’s Randy Vanderhoof.
November 15th, 2016
The US Payments Forum is creating the Mobile and Contactless Payments Working Committee, to explore mobile and contactless payment opportunities and challenges, identify solutions, and share guidance and best practice. The Forum says it also plans to address issues including tokenization, card-not-present security solutions and encryption. “Our goal is to provide concrete, usable guidance to make new and emerging payment technologies a reality in the US,” says Forum director Randy Vanderhoof. The committee will hold its first working session on December 8.
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.
March 23rd, 2012
The US House of Representatives’ Financial Services Subcommitee on Financial Institutions and Consumer Credit has held a hearing on “The Future of Money: How Mobile Payments Could Change Financial Services”. Five people gave testimony to the…