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    Security

    News about Security.

    Visa EMV transactions pass 1bn in the US

    April 25th, 2017

    US consumers made more than one billion Visa chip transactions for the first time in March 2017, an increase of 330% compared to a year previous. “The number of chip-enabled merchant locations in the country reached two million, representing 44% of stores that accept Visa,” Visa says. There are now more than 421m Visa chip cards across the US, representing 58% of all Visa cards.

    Orange to launch mobile-only bank with NFC payments and AI

    April 21st, 2017

    Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. More

    NXP and GCL Technologies offer NFC tamper evident closure solution for wine and spirits brands

    April 20th, 2017

    PARTNER NEWS: Guala Closures Group, a world leader in security closures, has teamed up with NXP to introduce an NFC-based tamper evident closure solution for the wine and spirits industry that is designed to protect brands, enable advanced anti-counterfeiting and tamper-proofing and enable brand owners to make VIP offers, loyalty rewards and more available to customers through a tap of their NFC mobile device. More

    Mastercard tests biometric payments card in South Africa

    April 20th, 2017

    Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More

    Kiwi millennials want biometrics for payments

    April 19th, 2017

    Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals. “61% say they already use their smartphone to pay for everyday items,” the payment network adds.

    Lloyds to trial biometrics for online banking

    April 18th, 2017

    Customers of Lloyds Banking Group across the UK will soon be able to log into their online banking accounts using fingerprint or facial recognition through Microsoft’s Windows Hello biometric authentication technology. The banking group is to trial the solution with Lloyds Bank, Halifax and Bank of Scotland customers with Windows 10 devices in the second half of this year. More

    Visa and American Express to strengthen security for stolen contactless cards

    April 12th, 2017

    Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those who cancel their cards are protected against contactless fraud. More

    Samsung Pay expands on online payments plan

    April 3rd, 2017

    Samsung Pay will be available for online payments at “hundreds of thousands of merchants around the world” where Visa Checkout is accepted later this year. The news follows an announcement by the company’s Justin Denison at Samsung Unpacked 2017 last week that the service was heading online through “strategic partnerships”. More

    UK regulator calls for banks to tighten cancellation processes for stolen contactless cards

    March 31st, 2017

    The UK’s Financial Conduct Authority has set out measures it plans to tighten the processes banks undergo when a customer reports a stolen contactless card, which currently allow — in a “limited set of circumstances” — for a stolen card to be misused by fraudsters “several months after it has been cancelled”. More

    Apple details Touch ID and PC-to-phone payment security features

    March 30th, 2017

    A new security white paper on Apple’s iOS 10 provides details about security improvements made to Touch ID as well as insight into the security infrastructure behind a feature of the operating system that makes it possible for developers to enable Apple Pay users to start a payment on a computer and finish it on their phone, Techcrunch reports.

    Samsung reveals S8 with multi-biometrics, Samsung Pay reaches quarter of a billion transactions and adds online payments

    March 30th, 2017

    Samsung has unveiled its latest Galaxy S8 and S8 Plus flagship devices, with support for iris and facial recognition technology and a fingerprint sensor which is now located on the back of the phone. Samsung Pass deals with major banks, an expansion of Samsung Pay to include online payments and details of its Bixby virtual assistant have also been announced. More

    NXP adds new NFC chips and sensors to secure the Internet of Things

    March 29th, 2017

    PARTNER NEWS: NXP has unveiled two new NFC chips and a range of NFC offerings designed to “capitalise on the inherent security and interactive capabilities of NFC for advanced product authentication, integrity assurance and enhanced user engagement across consumer manufactured goods, healthcare, retail and other industries”. More

    Boston Fed calls for clearer value proposition to encourage mobile payments

    March 28th, 2017

    The value proposition for using mobile payments must be clearly stated to customers in order to change their behaviour from using plastic cards to mobile phones, says the Federal Reserve Bank of Boston following the completion of a research project that tested four mobile wallet models including NFC and QR codes. “While security issues remain a major barrier to mass mobile payment adoption and are being addressed by the industry, general consumer adoption is the real hurdle,” the bank says.

    UK consumers want more biometric security options for online banking

    March 27th, 2017

    More than half of UK consumers (56%) would prefer to use a biometric security method over traditional options like passwords to log into their financial accounts online, research released by Equifax reveals. 33% would prefer to use fingerprint recognition, 31% would like to use iris scanners, 7% facial recognition and 3% voice recognition. More

    Study reveals US attitudes to authentication methods

    March 27th, 2017

    Nearly half of US millennials (48%) are willing to switch from passwords to another identification method to access their bank accounts, research released by Aite Group shows. This compares to 40% of generation X, 29% of baby boomers and 16% of seniors. More

    Esso customers get mobile payments and rewards at 1,000 Canadian gas stations

    March 23rd, 2017

    Motorists across Canada can now pay for fuel and car washes as well as accumulate loyalty rewards using a mobile payment service that is being rolled out by fuel retailer Imperial Oil to 1,000 Esso-branded gas stations nationwide. More

    White paper explores how dedicated Android NFC devices can be used to improve the delivery of financial services in emerging markets

    March 23rd, 2017

    Secure, affordable and dedicated Android NFC devices issued to local agents, farmers and financial institutions in emerging markets are improving the delivery of a wide range of services including branchless banking, know your customer procedures and food aid distribution, according to a 19-page white paper that is now available to download from the NFC World Knowledge Centre. More

    Android O to offer autofill for payments

    March 23rd, 2017

    The next version of Google’s Android operating system will include a new API that enables mobile apps to add autofill services which automatically enter a user’s passwords, payment details and other personal information. “Android O makes filling forms, such as account and credit card forms, easier with the introduction of the Autofill Framework,” Google says. “The Autofill Framework manages the communication between the app and an autofill service.”

    Samsung Pay goes live across India with support for Paytm and UPI money transfers

    March 22nd, 2017

    Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More

    Canadian banks to test blockchain digital identity network for consumers

    March 21st, 2017

    A blockchain-based digital identity network that will let Canadians verify their identity to organisations of their choice and access services such as new bank accounts, driving licenses or utilities using a mobile app is now undergoing testing ahead of a planned launch later this year. The service is backed by a group of Canadian banks that includes BMO, CIBC, Desjardins, RBC, Scotiabank and TD. More

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