Payments Source

APRIL 21, 2016

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.

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EMV Authentication Chip Cards CHIPS 60

VISTA InfoSec

MAY 12, 2024

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security.

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PCI DSS Security Compromise Best Practices 245

PYMNTS

MARCH 27, 2017

Despite the security and authentication benefits, timeliness is not part of EMV’s wheelhouse. As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals.

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

NFCW

DECEMBER 12, 2023

The Paris-based luxury brand has added a patch containing the NFC chip to each of the garments in the range — also known as Archive — which links to a digital product passport that also serves to authenticate the product and can be updated with new features and content in future.

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CHIPS Authentication Product Technology 91

The Fintech Times

AUGUST 19, 2024

In mid-July, Apple announced that it would be releasing its NFC chip to its rivals following pressure from the EU and its case against Apple, accusing the tech giant of monopolising the payments and technologies markets. This includes the Secure Enclave, biometric authentication, and Apple servers. Starting with iOS 18.1,

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Security CHIPS API Privacy 100

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS 40

CHIPS Chip Cards Identity Theft Online and Mobile Banking 40

PYMNTS

MAY 8, 2017

Last week reports began to emerge that for the last seven years, Intel chips have contained an authentication bypass vulnerability that makes it relatively easy to remotely hijack entire fleets of computers without ever entering a password. One problem, though — as it turns out, authentication can be bypassed pretty easily.

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CHIPS Authentication Security Posting 41

PYMNTS

DECEMBER 23, 2016

Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip. In response to the chorus of voices complaining about this situation, the global payment networks began releasing guidance on faster chip processing methods. The year 2016 saw a sea change in the payments landscape.

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CHIPS EMV Payments Contactless Payments 53

PYMNTS

SEPTEMBER 14, 2017

In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As which is the newest eCommerce authentication protocol on the market.”. 13) a new partnership with CardinalCommerce.

Authentication 51

Authentication Community Banks Chip Cards Issuers 51

The Paypers

APRIL 19, 2018

(The Paypers) JCB , an international payments brand based in Japan, has teamed up with IDEMIA to conduct a pilot trial of its latest JCB Biometrics Card with fingerprint authentication.

Chip Cards 28

Chip Cards Authentication CHIPS International Payments 28

PYMNTS

MAY 22, 2020

Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify a Louis Vuitton bag, for instance. With new microchip tech by Cardano , cryptocurrency users would be able to access payment services without an internet connection.

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CHIPS Blockchain Cryptocurrency Regulations 77

Payments Source

OCTOBER 13, 2016

Now, users can click the Apple Pay option on desktop sites and authenticate purchases using mobile devices. With the recent release of new operating systems for both iPhone and Mac, Apple Pay is available on desktops, marking the continued expansion of Apple’s mobile payments platform.

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Chip Cards CHIPS Authentication Mobile Payments 95

Braintree

OCTOBER 4, 2019

Thanks to EMV chip technology, Australian merchants have enjoyed a significant reduction of fraudulent in-person credit card transactions, with losses from counterfeit/skimming fraud at their lowest since 2006. High-risk” merchants that neglect to use 3DS to authenticate transactions risk an increase in declines.

Mitigation 52

Mitigation Authentication Credit Cards Issuers 52

Fintech Finance

JUNE 17, 2024

Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. “This integration represents a significant leap forward in our commitment to providing seamless, secure, and innovative financial solutions to the global market.”

Cryptocurrency 98

Cryptocurrency Debit Card Encryption CHIPS 98

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

EMV 52

EMV Verification Chip Cards CHIPS 52

PYMNTS

OCTOBER 22, 2020

Mitek’s combination of the NFC chip data extraction, selfie capture and liveness biometric verification is superior to other solutions,” said Matthijs Ballintijn at identity services provider JanusID in a press release issued by Mitek. “The

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Verification Technology CHIPS Authentication 53

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. billion per year in incremental growth between 2018 and 2023.

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EMV Chip Cards Verification CHIPS 67

Fintech Finance

APRIL 8, 2024

Customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

Payments Source

APRIL 10, 2017

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

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Chip Cards EMV Posting CHIPS 82

The Fintech Times

APRIL 8, 2024

Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or a device passcode, as well as a one-time unique dynamic security code. Now, SUNRATE customers can use an iPhone or Apple Watch at payment terminals to make contactless payments.

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Credit Cards PCI DSS Commercial Card Treasury Management 59

Payments Source

MAY 26, 2016

The fight between Visa and Walmart over authenticating chip cards could have a negative outcome for everyone involved, regardless of which side wins.

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Chip Cards Disputes CHIPS Authentication 76

PYMNTS

JUNE 19, 2020

Existing investors MassMutual Ventures, Synchrony, Blue Venture Fund, Wellington Management LLP, and former CEO of LexisNexis Andrew Prozes also chipped in, the press release says. consumers already authenticated by Payfone, this investment accelerates our ability to set the standard for the authentication process.

Verification 60

Verification Account Takeovers Authentication CHIPS 60

Fintech Labs Insights

MAY 1, 2016

Chip Shield is a new product being launched at Finovate. We are working to expand the use of EMV chip technology and tokenization to protect consumer’s payments and identity in the online world. EMV chips can eliminate online fraud by proving the card is present. EMV authentication simplifies account tokenization.

CHIPS 14

CHIPS EMV Account Takeovers Chip Cards 14

Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. The customer’s payment information is securely stored in the NFC chip and transmitted to the merchant’s terminal. The authentication methods verify each party’s identity before exchanging sensitive information.

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Contactless Payments Push-to-Card Encryption Online and Mobile Banking 88

PYMNTS

JANUARY 12, 2018

12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 No more signatures. million U.S.

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EMV Chip Cards CHIPS Contactless Payments 61

PYMNTS

OCTOBER 18, 2018

With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,” said Linda Kirkpatrick, executive vice president, U.S. merchants and acceptance for Mastercard.

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Visa Contactless Payments Authentication EMV 87

Clearly Payments

MARCH 22, 2024

When a user holds their NFC-enabled smartphone near a payment terminal, the NFC chip in the phone communicates with the terminal to complete the transaction. Integration of Biometric Authentication : Security concerns are paramount in the realm of mobile payments.

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Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

PYMNTS

MARCH 13, 2020

Certain use cases border on unnerving – like the Chinese government employing thermal-scanning tech made by Hong Kong-based SenseTime that “authenticates” individuals by remote-scanning foreheads for fevers. New horizons in biometrics are making the greatest physical card security breakthroughs since the EMV chip.

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Authentication ATM EMV Credential 69

PYMNTS

APRIL 9, 2020

CERT had noted in its advisory that the flaw “could allow a local, authenticated attacker to store arbitrary JavaScript within the application. At the time, the researchers had indicated that Bluetooth chips from multiple tech companies were vulnerable to the attack. But it was noted that Bluetooth Low Energy was not affected.

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Cybersecurity Encryption CHIPS Consulting 107

PYMNTS

NOVEMBER 1, 2018

The process involves filling out a short form, taking a selfie and scanning the chip inside their passport using their phone’s NFC reader.”. The problem is Apple does not give developers full access to the NFC chip inside iPhones,” according to that report on Friday. For a couple years, that was all the NFC chip could do.”.

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CHIPS Payment APIs and Integration Blockchain Data Breach 75

Clearly Payments

SEPTEMBER 16, 2024

These digital wallets offer enhanced security features, such as biometric authentication , and can be used for a variety of transactions, from in-store purchases to public transportation. market still has some room to grow due to its continued reliance on magnetic stripe and chip-and-signature cards. What are Contactless Payments?

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Contactless Payments Push-to-Card Payments Transactions 52

PYMNTS

OCTOBER 24, 2016

Said simply, Visa and Intel want to create standardized security for the Internet of Things and make it easier to instantly and correctly authenticate all those devices so that NWH or any of the other bad guys with similar ambitions can’t turn them against us. Baking Authentication In . When Capacity Grows Faster Than Security.

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Security Encryption CHIPS Authentication 99

Payments Source

DECEMBER 23, 2020

In the early days of the pandemic, when consumers seemed loath to touch cash or a PIN pad, it seemed that PIN authentication might have had few days left. But that hasn't been the case.

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Authentication Payments Consumer Debit Card 122

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. It’s EMV all over again.

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EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

JULY 19, 2017

Once the QR code has been scanned, the online payment will be processed through the Mastercard network using M/Chip technology and the secure EMV infrastructure that retailers already have in place.

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Visa CHIPS Chip Cards EMV 59

The Fintech Times

SEPTEMBER 2, 2024

That blue-chip line-up underlines just how seriously industry is taking this problem. This would involve providing standardised and verified information about a business that is interoperable with other financial systems for data cross-referencing, enhanced authenticity checks and additional fraud detection tools.

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Crime Verification Fraud Detection Innovation 72

FICO

MARCH 18, 2020

Intelligent Orchestration of Multi-Factor Authentication. Biometric checks can certainly be robust, but no method of authentication is completely infallible — especially when you’re faced with adaptable and clever criminals. A robust identity authentication system needs the layered controls provided by multi-factor authentication.

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Authentication CHIPS Money Laundering Accounts 52