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    Security

    News about Security.

    India Reserve Bank drops two-factor authentication

    December 9th, 2016

    The Reserve Bank of India has removed two-factor authentication — involving the use of one-time passwords sent to mobile phones — for online card transactions up to Rs 2,000 (US$29), Live Mint reports. “Discarding two-factor authentication is an opt-in service, which means that customers will have to specifically opt for it.” The move follows the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes.

    600m mobile devices to include biometrics by 2021

    December 2nd, 2016

    More than 600m mobile devices worldwide will include biometric authentication within the next five years, up from 190m in 2016, with demand for methods that involve less hardware raising the profile of solutions such as… More

    Mastercard biometric service rolls out to Latin America

    December 1st, 2016

    Mastercard has launched its biometric Identity Check Mobile service in Brazil and Mexico, the payments giant has confirmed. The service allows cardholders to authenticate online payments by scanning their fingerprint or by taking a selfie. The Latin America rollout comes after “trials in the Netherlands, the US and Canada found consumers preferred biometrics to authenticate payments”, Mastercard adds. The service became available to US financial institutions in 2016, with a global expansion expected to increase in 2017.

    Gemalto’s PKI portfolio update lets TSPs roll out eIDAS compliant services

    November 30th, 2016

    PARTNER NEWS: Digital security giant Gemalto has updated its Public Key Infrastructure (PKI) portfolio to include solutions for qualified electronic signatures that enable Trust Service Providers (TSPs) to roll out eIDAS (Electronic Identification and Services)… More

    Mastercard blockchain patent applications

    November 30th, 2016

    Mastercard has filed patent applications describing systems and methods for authorising and securing blockchain transactions using existing payment networks. “[The] use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain, while still maintaining security of account information and provide a strong defense against fraud and theft,” the payments company says.

    Meet NFC World’s partners at Trustech

    November 29th, 2016

    NFC World partners Antelop Solutions, Gemalto, STMicroelectronics, NXP and Proxama will be attending the Trustech expo in Cannes, France from 29 November to 1 December. Here’s what you can expect to see and where you… More

    Antelop Solutions joins the NFC World partner program

    November 28th, 2016

    NFC World today welcomes secure host card emulation (HCE) and tokenization provider Antelop Solutions as a member of our partner program. Antelop is a specialist in mobile payments security and was the first company to… More

    Jaguar files face and gait recognition system patent for vehicle entry

    November 28th, 2016

    Luxury car manufacturer Jaguar is working on a facial and gait recognition system for vehicle owners to unlock their cars, enhancing the development of “vehicle personalisation”, according to a patent filed with the US Patent… More

    Paytm suspends App POS feature

    November 25th, 2016

    Indian mobile payment provider Paytm has suspended a new feature in its mobile app two days after its launch, citing the need to “add additional certifications and features” before making it available again. App POS was launched to allow Paytm merchants to accept all debit and credit cards using their mobile phone. “We will re-launch this product as soon as we have updated the product,” Paytm writes in a blog post. App POS was unveiled in the wake of withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes.

    Biometrics in cars to ‘radically transform the driving experience’, report predicts

    November 23rd, 2016

    One in three new cars will feature some form of biometric feature by 2025, a report by Frost & Sullivan’s Intelligent Mobility team predicts, with partnerships between automotive OEMs and wearable providers resulting in faster… More

    Visa warns of ‘serious disruption’ to online payments from EBA proposal

    November 22nd, 2016

    Visa is warning a proposal from the European Banking Authority (EBA) requiring every online transaction over €10 (US$10.61) to have additional authentication steps at checkout will “seriously disrupt online shopping and cause inconvenience for consumers”…. More

    Criminals reported to have used NFC mobile phones in Tesco Bank attack

    November 21st, 2016

    UPDATE The criminals behind a Tesco Bank attack used NFC mobile phones to launder money stolen during a theft that saw about 9,000 customers affected by fraudulent transactions worth an estimated £2.5m (US$3.1m), according to… More

    New Zealanders confidence in digital payments on increase

    November 21st, 2016

    Nearly three quarters of New Zealanders (72%) trust that payments made via digital and mobile methods are secure, compared to 51% when digital payment methods first emerged, Visa reveals. Those surveyed also believe scanning their fingerprint to confirm or validate payment is a good security measure to prevent fraud.

    French bank offers Visa cards with dynamic security codes

    November 18th, 2016

    French bank Societe Generale is to offer retail customers in France the chance to replace their current Visa cards with ones featuring a dynamic security code developed by Oberthur Technologies. The OT Motion Card replaces the three-digit security number on the back of the card with a mini-screen displaying a code refreshed automatically and randomly every hour. The move comes after French bank card association Cartes Bancaires issued certification for OT Motion Code earlier this month.

    UK bank celebrates blockchain contactless payments trial

    November 16th, 2016

    Metro Bank in the UK has successfully trialled a blockchain retail payment system, allowing consumers to make purchases from merchants equipped with contactless terminals, with merchant and consumer balances updated in real time. London-based financial… More

    US Payments Forum to study mobile and contactless payments

    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.

    Banks ‘must consider human weakness’ to improve mobile banking security, report says

    November 14th, 2016

    Banks must consider the weakness of their own consumers’ behaviours and avoid being distracted by technical vulnerabilities when it comes to improving the security of mobile banking and payments systems, a report by Mobey Forum… More

    China’s mobile commerce lead over US revealed in IAB report

    November 11th, 2016

    China is leading the US when it comes to mobile commerce, with nearly twice as many Chinese consumers making a mobile purchase over the previous 12 months than their American counterparts, a study by the… More

    French hotel and casino group to test biometric smart cards

    November 9th, 2016

    French casino and hotel group Groupe Partouche has partnered with MeReal Biometrics to test the use of biometric smart cards by employees to access secure areas. The initial test of fingerprint-based biometric cards will take place in two of the group’s 42 casino and hotel properties early in 2017. If successful it will pave the way towards a ‘closed loop’ system with all regular guests and 4,500 employees using biometric cards to perform a wide range of payment and access applications.

    Visas, passports and government ID secured using hybrid NFC and hologram tags

    November 9th, 2016

    Government-issued documents such as visas and passports could be secured using a combination of NFC and hologram technology, following the announcement of a partnership between printed electronics specialist Thinfilm and authentication solutions provider Holoptica. The… More

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