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    Security

    News about Security.

    Consumers show more trust in mobile wallet security

    February 23rd, 2017

    Global consumers are “more concerned” with protecting their financial and payments information on a computer than protecting the same data in a mobile wallet, ACI Worldwide and Aite Group research reveals, with more than 80% believing their mobile wallet data is secure. 75% of the 6,000 consumers across 20 countries surveyed are “very interested” in receiving a call or SMS to help mitigate fraud.

    Crédit Mutuel Arkéa launches HCE mobile payments developed with Antelop

    February 23rd, 2017

    PARTNER NEWS: Customers of French bank Crédit Mutuel Arkéa can now make host card emulation (HCE) based mobile payments using the bank’s Paylib mobile app and authorise payments at the point of sale with a… More

    Gulf Oil unveils Gulf Pay for mobile payments and special offers at fuel stations

    February 22nd, 2017

    Customers at Gulf Oil fuel stations across select New England and New York markets in the US are to pilot a new mobile payment service that will enable drivers to navigate to the nearest station,… More

    Amazon and Google to add phone calls for virtual assistants?

    February 17th, 2017

    Consumers with Amazon Echo or Google Home could use the virtual assistant devices to make or receive phone calls later this year, the Wall Street Journal reports. Despite security concerns, sources told the publication that turning the assistants into home phones was the “logical next step for the artificial intelligence-powered speakers”.

    IBM’s Watson integrates Visa Token Service to enable tokenized payments on connected devices

    February 16th, 2017

    IBM is to integrate Visa Token Service into its Watson IoT cognitive technology platform to enable payments to be embedded into “any device connected to the Internet of Things (IoT)”, with all of IBM’s Watson… More

    What’s New in Payments: Leading international innovators explain the latest payments trends and technologies in free special report

    February 16th, 2017

    Senior executives from Starbucks, Pizza Hut, Barclaycard, Swatch and CaixaBank are among 12 leading payments innovators who have contributed to What’s New in Payments, a 104-page special report that is now available to download free… More

    Apple patent shows touchscreen fingerprint scanner

    February 15th, 2017

    A patent shows Apple is working on a “micro-LED active matrix display panel” that would allow a fingerprint scanner to be integrated into an iPhone touchscreen and could eventually replace the current Touch ID button. “The ability to detect an object’s surface profile while the display panel is not emitting visible light enables the display panel to detect a user’s fingerprint to unlock a mobile device when the display panel appears to be off,” the application says.

    Wearable security market to reach $5.74bn by 2021

    February 14th, 2017

    The global wearable security devices market is expected to reach US$5.74bn by 2021, Technavio research shows. The market will grow between 2017 and 2021 at a compound annual growth rate (CAGR) of “close to 19% during the forecast period,” the company says. “The increased adoption of Internet of Things to manage the physical assets of an organisation is one of the key drivers of the market.”

     

    NXP unveils IoT security platform

    February 14th, 2017

    PARTNER NEWS: NXP has unveiled a platform designed to enable developers of Internet of Things equipment to “easily build” secure and trusted systems. QorlQ “provides a complete set of hardware, software and process capabilities to embed security and trust into every aspect of a product’s life cycle,” the company says.

    More than 150,000 Kenyan merchants to get mobile payments with Masterpass QR

    February 14th, 2017

    More than 150,000 micro, small and medium enterprises (MSMEs) in Kenya will be able to accept in-store mobile payments using QR code technology in 2017, using Mastercard’s Masterpass QR platform. The service is set to… More

    Australian banks drop Apple Pay fee request to focus on iPhone NFC access

    February 13th, 2017

    The group of Australian banks arguing for the right to collectively negotiate with Apple over the introduction of Apple Pay in the country have dropped their request to jointly arrange how to “pass-through” additional fees… More

    GoCardless warns customers after burglary

    February 7th, 2017

    Fintech startup GoCardless has contacted customers to warn of possible data loss after a break-in at its London offices in January. The company, a gateway for direct debit payments taken from consumers’ bank accounts, says it lost 19 password-protected laptops in the raid. “All of our payment processing systems are secure, remain uncompromised and were unaffected by the burglary,” GoCardless says.

    GlobalPlatform framework gives consumers control over their own secure element section

    February 1st, 2017

    GlobalPlatform has released a new framework that gives consumers control over which secure applications can be used within part of the secure element (SE) of their trusted devices, without compromising security for the SE as a whole.  More

    White paper sets out ‘game changer’ role for NFC in public transport ticketing

    January 31st, 2017

    A 14-page white paper that aims to educate public transport operators, mobile network operators and handset manufacturers on how to implement NFC technology across transportation systems, while ensuring consistent, reliable and efficient performance between devices and mobile ticketing systems, is now available to download from the NFC World Knowledge Centre. More

    One fifth of global consumers have made an in-store mobile payment as China leads the way

    January 31st, 2017

    Nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing an increase of 10% from the same period in 2014, research released by trade body Mobile Ecosystem Forum (MEF) reveals. Chinese consumers lead the way, with 38% of them having paid with their phone at the point of sale — nearly double the global average. More

    Indians to get mobile wallet insurance

    January 30th, 2017

    Indian mobile wallet providers may soon be required to insure their customers’ money. “The government is mulling over bringing insurance into the segment, on the lines of debit and credit cards,” Business Standard reports. “It has already held three meetings with mobile wallet and insurance companies and hopes to bring in the new regulations to make it mandatory for mobile wallets to insure money. The Ministry of Electronics and Information Technology will soon come out with the rules.”

    NXP predicts ePassports will become virtual mobile identities

    January 27th, 2017

    PARTNER NEWS: The electronic passport could soon become a “virtual mobile identity” that will allow owners to interact with and authenticate applications, as well as send credentials to other electronic devices using NFC smartphones and wearables, according to NXP. “The ePassport is evolving from just being a travel document to being a government-issued root credential for other applications, including a virtual mobile identity,” the company says. NXP has identified virtual mobile identity as one of three “distinct” global trends for electronic passports, along with increasing functionality and stronger security.

    Facebook strengthens security with Fido-compliant authentication

    January 27th, 2017

    Social media giant Facebook has added the Fido Alliance’s Universal Second Factor (U2F) specification to its platform to strengthen its range of two-factor authentication methods which have previously been offered through an SMS service or… More

    One in 10 UK consumers have used mobile payments, survey reveals

    January 16th, 2017

    More than one in 10 (11%) of UK consumers have made an in-store mobile payment and do so occasionally, with 2% doing so “wherever possible”, research from price comparison service uSwitch reveals. 6% of Britons… More

    Palm vein authentication system launched for mobile devices

    January 13th, 2017

    A palm vein authentication system compact enough to be used in tablets and other mobile devices as “dependable as current optical units” has been unveiled by Japanese electronics firm Fujitsu. The company says it expects… More

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