Finovate

DECEMBER 6, 2023

Earlier this month, the computing giant unveiled its latest computing chip, Condor , that has 1,121 superconducting qubits and can perform computations beyond the reach of traditional computers. IBM also released Heron , a chip with 133 qubits that boasts a lower error rate. IBM may be changing this, however.

AI 104

AI FinTech CHIPS Risk Assessment 104

PYMNTS

DECEMBER 9, 2016

Intel noted its own tech solutions for transactions, tied to hardware and encryption, focus on personal information and payment card data. The technology, once in place (using Intel processors), allows for the transference of data from terminal to bank servers, bypassing system memory and merchant hardware.

CHIPS 74

CHIPS MSPS Breach Data Breach 74

Fintech Finance

MAY 21, 2024

Zwipe Access utilizes state-of-the-art biometric capture and matching technology to securely store the cardholder’s encrypted fingerprint template directly within the card’s smart chip during issuance. According to this partnership, Ermes srl has agreed to distribute Zwipe’s biometric access cards in Italy.

Encryption 52

Encryption CHIPS End User Security 52

NFCW

JULY 17, 2024

When customers add a Presto card to Wallet, the card information is encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the information safely on the device.

Debit Card 75

Debit Card Encryption CHIPS Security 75

PYMNTS

JULY 6, 2016

It almost seems like Google and the Android OS are on the precipice of something never before seen in consumer electronics market share — or that would be the case if Android hadn’t just suffered a potentially unrecoverable blow to its encryption credibility.

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Encryption Value Added Service Law Enforcement Privacy 42

Clearly Payments

MARCH 28, 2024

It accepts a wide range of payment methods, including contactless, chip, and magnetic stripe cards. It supports a wide range of payment options, including NFC/contactless, EMV chip, and magstripe. It accepts all major credit and debit cards, including tap, chip, and swipe payments.

Credit Cards 104

Credit Cards CHIPS Point-of-Sale (POS) Debit Card 104

The Fintech Times

APRIL 8, 2024

Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or Apple servers.

Credit Cards 59

Credit Cards PCI DSS Commercial Card Treasury Management 59

PYMNTS

APRIL 21, 2020

With an ePassport, you can tap the chip on the card reader on the phone,” Tilton said. “It Bank advisers can identify customers remotely by sending an encrypted email, Tilton explained. For instance, they would have to crack the encrypted chip and read the chip off the mobile phone using a near-field communication connection.

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Verification Accounts Online and Mobile Banking CHIPS 121

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

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Debit Card Process PCI DSS Processors 52

Payments Source

MAY 22, 2016

With the rise of online card fraud and the availability of new EMV and encryption technology, a San Mateo, Calif.-based based startup sees an opportunity to combine these new tools with a card reader called Chip Shield.

EMV 63

EMV Encryption CHIPS Technology 63

Fintech Finance

APRIL 8, 2024

Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Apple Pay is easy to set up.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

PYMNTS

OCTOBER 24, 2016

But Visa — in partnership with Intel — is hoping to create something like that seal by baking secured encryption right down into the chip level of the hardware. Bad guys may still get in, but what they’ll get will be “useless data” without the encryption key needed to make it usable.

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Security Encryption CHIPS Authentication 99

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. Safety and Security Within the NFC transaction process are encryption protocols to secure the data being transmitted.

Contactless Payments 88

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

PYMNTS

APRIL 9, 2020

A “Key Negotiation Of Bluetooth” attack, which is also abbreviated as KNOB, interferes with the Bluetooth connections of users and convinces them to make a short encryption key that is simple to hack. At the time, the researchers had indicated that Bluetooth chips from multiple tech companies were vulnerable to the attack.

Cybersecurity 107

Cybersecurity Encryption CHIPS Consulting 107

Clearly Payments

MARCH 22, 2024

At the heart of mobile payment systems are Near Field Communication (NFC), Quick Response (QR) codes, and secure elements such as encryption and tokenization. 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.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Fintech Finance

JUNE 25, 2024

The technology connects an entire ecosystem, serving as a centrepiece between banks, product creators, retailers, chip manufacturers and service providers.

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Contactless Payments Payments Visa CHIPS 98

Fintech Finance

FEBRUARY 5, 2024

With a user-friendly interface and robust encryption, it not only simplifies checkouts but also amplifies customer satisfaction. This innovative solution streamlines transactions by ditching bulky hardware, empowering businesses of all scales to effortlessly process card payments. million by 2028, a compound growth of 7.3%

Contactless Payments 52

Contactless Payments Payments Encryption CHIPS 52

PYMNTS

AUGUST 16, 2019

The KNOB attack , short for “Key Negotiation Of Bluetooth,” interferes with users’ Bluetooth connections, confusing them into setting up a short encryption key that is easy to hack. The researchers indicated that Bluetooth chips from Intel, Broadcom, Apple and Qualcomm are vulnerable to the attack. Bluetooth Low Energy is not affected.

Security 48

Security Encryption Breach CHIPS 48

The Paypers

NOVEMBER 14, 2016

(The Paypers) WISeKey has teamed up with Wellness Telecom to integrate and install its authentication data encryption and IoT cryptographic chip into millions of Wellness Telecom’s IoT devices.

Data Encryption 46

Data Encryption Encryption CHIPS Security 46

PYMNTS

JANUARY 6, 2017

Finding a way to actually secure systems is the much, much harder part — because, noted MagicCube CEO and Cofounder Sam Shawki, up until now, the choices for doing it frankly weren’t that good: Use expensive hardware or rely on software-based encryption. But, Shawki noted, the alternative, white-labeled encryption solution has its problems.

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Data Security Security Encryption CHIPS 62

PYMNTS

DECEMBER 7, 2016

With the new POS terminals, Red Roof can accept any method of electronic payment, including EMV chip-and-PIN, chip-and-sign, magstripe, signature capture and NFC/contactless methods, including Apple Pay and Android Pay.

EMV 62

EMV Point-of-Sale (POS) CHIPS Encryption 62

PYMNTS

OCTOBER 25, 2016

In a press release , Creditcall said the the Elavon certification, with more payment processors being added in the following months, enables merchants to instantly accept contactless and EMV chip card payments at the mobile point of sale (mPOS).

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ISVS Payment Gateways EMV CHIPS 62

Stax

APRIL 18, 2024

Modern POS systems often come with built-in card readers capable of accepting various payment methods, including EMV chip cards, magnetic stripe cards, and contactless payments (NFC). EMV-compliant terminals are essential to process chip card transactions securely, reducing the risk of fraudulent activities.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

FICO

FEBRUARY 16, 2023

By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Consumers can also take more advantage of tap-to-pay technology.

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Compromise Scams Debit Card Smishing 98

Exact Payments

JANUARY 4, 2024

Cardholder data, such as the primary account number, cardholder name, and expiration date, is different from sensitive authentication data like CVV, track data, PIN/PIN Block, and EMV chip data. Encryption and tokenization, the process of replacing sensitive data with a non-sensitive token, should be employed to ensure data security.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

MAY 13, 2019

There are several ways these attacks can be prevented, however, starting with EMV chip acceptance. EMV payments are more secure than those made by magstripe because cards’ stored information is uniquely encrypted whenever it is accessed.

Security 49

Security EMV Encryption Contactless Payments 49

PYMNTS

APRIL 15, 2016

The EMV certification process is a confusing one to say the least – with merchants having to decide between a myriad of choices and certification methods to figure out the type(s) of certification(s) needed to actually accept EMV-enabled chip cards and to then face the long lines of other merchants doing the same.

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EMV Chip Cards CHIPS Disputes 71

PYMNTS

JUNE 24, 2019

chip maker ARM, have had to limit deliveries. The requirements involve specific criteria like the encryption of sensitive information, and the strength of a network — in terms of strength to withstand an attack. The result is that Western Huawei suppliers, like U.K. Germany has decided to reject the U.S.’s

Laws 40

Laws Encryption CHIPS Government 40

EBizCharge

OCTOBER 17, 2023

Mobile pay: EBizCharge provides a mobile-friendly chip reader with a robust payment application, perfect for merchants accepting payments on the go. With advanced security measures like tokenization and encryption, EBizCharge can give your customers peace of mind, knowing their payment information is protected during checkout.

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CRM EMV Accounts Process 52

Wharton Fintech

FEBRUARY 26, 2024

If you have noticed the chip that is on the card to provide encryption of all transactions and payments, when we moved into mobile devices like Apple Pay or Google Pay, we used the chips in your phone to offer similar encryption capabilities. A lot of technology went into securing the payment systems to fight fraud.

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Visa Technology Payments Encryption 52

Stax

APRIL 18, 2024

This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. This is facilitated through mobile apps or attachments that can accept credit card swipes, taps, or chip inserts.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015.

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ATM EMV Issuers Debit Card 64

Stax

JANUARY 3, 2024

An mPOS system should adhere to industry-standard security protocols, such as PCI DSS compliance, and include encryption and tokenization to safeguard data. Security and compliance standards Security is paramount in any POS system to protect sensitive customer information. Processing fees Clover’s in-person transaction fees are 2.3%

Small Business 88

Small Business PayPal CRM Transactions 88

CB Insights

MARCH 27, 2019

In a post, CEO of Facebook Mark Zuckerberg said: “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever.” The Controversies. Source: Cloudnosys.

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Cybersecurity Encryption Data Breach Breach 76

PYMNTS

MAY 1, 2018

With the technology, their fingerprints are scanned by the sensors on their cards, and encrypted digital templates are created and securely stored. After a long research and development process, Mastercard created a battery-powered sleeve that lets people self-enroll contact or contactless biometric cards.

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Enrollments Visa EMV Issuers 47

PYMNTS

FEBRUARY 1, 2017

And it’s a safe method of payment, using the same industry-standard secure encryption technology as chip-and-PIN. Instead, customers pay by touching their contactless card or mobile device to the terminal, making it perfect for quick purchases in coffee shops, supermarkets and local retailers.

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Contactless Payments Transactions Payments Card Association 40

Stax

NOVEMBER 6, 2023

So, if you’re operating with older hardware that only accepts EMV chip cards and swiped credit and debit cards, it’s time to talk to your payment processor and enter the modern era. They often employ advanced encryption and tokenization technologies, ensuring that payment information is protected. Q: Are mobile payments secure?

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Mobile Payments Online and Mobile Banking Debit Card Payments 88