PYMNTS

JULY 20, 2019

The big-picture project, as explained by Musk last week, is the ability to implant tiny Bluetooth-enabled chips into the human brain (up to 10 at a time) connected to 1,000 wires measuring one-tenth the width of a human hair. The chip(s) connect by Bluetooth to a small computer worn over the human ear, where it transmits its data.

CHIPS 71

CHIPS Privacy Wires Wire 71

Exact Payments

JANUARY 4, 2024

Network hardware and software, like routers and firewalls, often come with pre-set credentials, making it easy for cybercriminals to breach your network’s security. Assign a unique ID to each person with computer access A fundamental principle of PCI standards is ensuring strong and unique user credentials.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

FICO

SEPTEMBER 14, 2016

Recent cases have included examples of malware designed to wrap around a legitimate bank app , then harvest the credentials and account data to send back to the cyber gangs. As mobile banking becomes popular, and even the default for some customers, the channel becomes ever more attractive to hackers and cyber threats.

Authentication 84

Authentication Non-Bank Blocks Chip Cards 84

PYMNTS

FEBRUARY 25, 2019

If you think about a better experience,” said the executive, “your car could have an NFC chip in it and there are some payment credentials attached to the car.” As one drives through the turnstile, it authenticates the vehicle (or even the driver through biometrics), pre-authorizes for the payment and lets the user just drive out. .

Transactions 59

Transactions Privacy Payments Credential 59

PYMNTS

JANUARY 20, 2017

The “highly effective” scam tricks users into divulging their account login credentials by sending a message disguised as a trusted contact with an attachment, something that isn’t very out of the ordinary. The dubious sign-in page looks authentic but steals credential information and passes it directly to the cybercriminals.

Phishing 45

Phishing Ransomware EMV CHIPS 45

PYMNTS

JANUARY 31, 2020

FIs have long been aware that relying on knowledge-based authentication (KBA) goes only so far. Bad actors may find CNP transactions more tempting as security tightens for physical cards, Clare explained, noting that the prevalence of EMV chips has made counterfeiting more difficult. Holistic Security.

ATM 59

ATM Debit Card Fraud Detection Credential 59

Fintech Finance

SEPTEMBER 18, 2024

The solution integrates Infineon’s enhanced SLC39B system-on-chip (SoC) Secure Element and Fingerprints FPC1323 sensor into the Infineon Biometric Coil on Module (BCoM) package, leveraging the key advantages of inductive coupling technology. This will lead to a much simpler biometric payment card manufacturing process.

Enrollments 95

Enrollments Push-to-Card CHIPS Contactless Payments 95

PYMNTS

NOVEMBER 1, 2017

protocol and the European Union’s second Payment Services Directive (PSD2) have delivered a one-two punch for issuers and merchants in order to comply with these new regulatory requirements and network authentication processes. The updated 3D Secure 2.0 3D Secure 2.0 could change that , Sass said. The arrival of 3D Secure 2.0 Data Trove.

Security 43

Security Enrollments Authentication Issuers 43

PYMNTS

APRIL 18, 2018

Credit and debit cards don’t come in different shapes or sizes — and even in the era of EMV, they still have mag stripes to make them useful at merchants that don’t yet accept chip cards. That’s not the case in the digital world. There isn’t a standard today for how consumers and merchants transact when shopping online.

Interoperability 46

Interoperability EMV Chip Cards Issuers 46

PYMNTS

AUGUST 21, 2018

All you want to do is get the transaction over with, maybe grab some milk, chips or beer and get on with your day. In all, authentication takes about a third of the time of traditional fuel purchases, Frieden said. They don’t want their credentials stolen by a fraudster.”. Fuel station executives surely know that.

Payments 46

Payments Mobile Payments Debit Card Credential 46

FICO

JANUARY 10, 2023

This card skimmer, found in an Oakland convenience store, has a recorder that is able to steal personal information found in a card's magnetic strip or chip. PSD2 and Strong Customer Authentication have made life a lot more difficult for fraudsters. Source: KTVU Fox 2 . For banks, knowledge is power.

Scams 52

Scams Posting Push-to-Card Compromise 52

PYMNTS

NOVEMBER 1, 2017

So, out of the gate, Samsung Pay could be used securely at any retailer that accepted mag stripe cards — which is mostly all of them even in the day of chip cards. Samsung is also leveraging its visual software innovation to authenticate consumers. That, Ahn said, made something on the order of 10 million merchants throughout the U.S.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Payments Ubiquitous 56

PYMNTS

FEBRUARY 22, 2019

That’s especially true along the traditional and current methods of authentication , he said. But, said the executive, the creation of a “trust anchor” can be accomplished by establishing the authenticity of a government-issued identity document. The flow of credentials is designed not to create friction, but to provide permission.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

JUNE 27, 2016

People who haven’t tried Apple Pay say they’re satisfied with what they’re using today – which in the day and age of EMV chip cards and dipping and waiting, is, frankly, surprising. Provided, of course, they use the Safari browser and have their iPhones handy so that with Touch ID they can authenticate themselves.

EMV 66

EMV Online and Mobile Banking Checks Consumer 66

CB Insights

MARCH 27, 2019

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. But the company is not alone. Confirm.io

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

JUNE 4, 2018

By touching the mPOS, the customer identifies themselves as the owner of linked payment cards and credentials. It allows customers to authenticate with a fingerprint in support of various payment methods. The country will soon begin to require fingerprint authentication from all citizens. Mastercard.

Encryption 41

Encryption Visa Point-of-Sale (POS) Authentication 41

PYMNTS

MAY 16, 2016

But things heated up last week when Walmart sued Visa over EMV and chips without PINs. Signature is] worthless as a form of authentication,” said Cook. At issue is the fact that Visa currently prohibits Walmart from insisting its customers use a PIN when paying with a chip-embedded card. Banks Under Siege.

Central Bank 40

Central Bank SWIFT CHIPS EMV 40

PYMNTS

OCTOBER 11, 2017

Criminals often use these credentials to buy purely digital goods, such as concert tickets, so they can receive and resell the goods as quickly as possible, said Byrnes. For example, eWallets have created a whole new “in” for criminals by letting them bypass the EMV chip reader at physical POS terminals.

Crime 44

Crime Account Takeovers eWallet Online and Mobile Banking 44

PYMNTS

SEPTEMBER 6, 2016

Apps that allow for orders to be placed and paid for online typically drive incremental spend — offering up the bag of chips or extra cheese that consumers might not think about when in the store. Many chains see similar results, and others are eagerly jumping on board. It’s the proverbial win-win. Then, there’s Walmart Pay.

Online and Mobile Banking 49

Online and Mobile Banking Payments Embedded Payments Push-to-Card 49

CB Insights

AUGUST 25, 2017

Other potential applications include using blockchain to provide massive scale data authentication: for example, using its blockchain-enabled KSI (Keyless Signature Infrastructure), cybersecurity startup Guardtime tags and verifies data transactions for cryptographic assurance of their integrity and authenticity.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

PYMNTS

SEPTEMBER 11, 2017

The exhausted holiday shopper didn’t hate going to the mall because she had to swipe a card to buy stuff, and the line languisher didn’t get angry because they had to use a chip card to dip and pay. In an increasingly digital world, capturing credentials everywhere that a consumer shops is a huge consumer pain point.

Consumer 63

Consumer P2P PayPal Online and Mobile Banking 63

M2P Fintech

MARCH 28, 2024

It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification. AUA/KUA AUA (Authentication User Agency) and KUA (Knowledge User Agency) are two entities within India’s Aadhaar system, both requiring registration with UIDAI.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Seon

JUNE 21, 2023

Let’s take a look at some core tools that can achieve it: Risk-based authentication (RBA) : Businesses such as online shops can take stock of a user’s transaction history and geolocation to help determine how likely a user is to be a high-risk individual and thus determine the stringency of the authentication checks that should be performed.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

CB Insights

AUGUST 6, 2017

to offer insect protein, kombucha tea, kale chips, beef jerky, and more. Increasingly hot categories in cybersecurity include companies that are tackling multi-factor authentication within the identity and access management space, and cyber-insurance, among others. These private food and beverage companies have raised roughly $1.8B

FinTech 78

FinTech Cybersecurity Research AI 78