Study: UK consumers wary of sharing data with banks as services increase

Despite the banking industry's efforts to embrace innovation, consumers in the U.K. remain wary about sharing their data, according to a recent survey by NCR Corp. The survey of more than 1,000 U.K.

PayPal's TIO Networks says data breach affected 1.6M users

TIO Networks, a bill-payment platform PayPal acquired over the summer, announced a security vulnerability may have affected the personal information of some 1.6 million customers, according to multiple media reports. PayPal acquired TIO Networks in July for $238 million in...

Nets Group brings JCB's EMV contactless standard to Denmark

The Nets Group and JCB International Co. Ltd., the international operations subsidiary of JCB Co.

Fraudsters set for busy Black Friday

With online purchases poised to exceed those in physical stores this holiday season, Black Friday 2017 could be the busiest day ever for cyberattacks on retailers, according to digital ID provider ThreatMetrix. This week, the company released its Q3 2017...

TSS launches hardware encryption support for mobile wallets

Trusted Security Solutions Inc., developer of the A98 ATM key management system, now supports FIs and card issuers with hardware encryption for mobile wallet applications, according to a report from ATM Marketplace, a Mobile Payments Today sister publication. TSS provides...

KFC China location tests facial-recognition kiosk payments with Alipay assist

Yum China Holdings is testing self-serve kiosks with facial recognition at a store called KPRO in Hangzhou, according to Fox News. Yum China Holdings spun off from its former parent company, Yum Brands Inc., a year ago. Customers go to...

Rambus collaborates with Samsung Canada, Interac to deliver Samsung Pay in Canada

Rambus, a company that provides digital security, semiconductor and IP products and services, is teaming with Samsung Canada and Interac Association/Acxsys Corp., the organizations behind Canada's leading payment brand, to help enable Interac Debit on Samsung Pay in Canada. The...

Amex to support next generation of digital commerce with updated security protocol

American Express this week announced SafeKey 2.0, the next generation of its online authentication tool built specifically to meet the needs of today's increasingly mobile commerce environment, according to a press release. Amex said SafeKey 2.0, which leverages the EMV...

EMVCo enhances EMV 3-D secure specification

Technical body EMVCo has publicly released EMV 3-D Secure, protocol and core functions specification v2.1.0, according to a press release. The updated document follows the release of version 2.0.0 in October 2016, and includes additional functionality and enhancements to promote...

MasterCard partners with The Clearing House for tokenization management

The Clearing House and MasterCard are partnering to enable the former to provision and manage MasterCard-branded tokens on behalf of banks, according to a press release. The partnership with MasterCard establishes The Clearing House as one of the first MasterCard-certified...

Rambus, eftpos team up in Australia to support Apple Pay

Rambus Inc. is teaming up with eftpos, the Australian domestic debit network, to help support secure transactions with Apple Pay for users in Australia, according to a press release. Through integration with the Rambus Token Service Provider technology, eftpos is...

Baby boomers edge millennials on cybersecurity awareness, but not by much

This may come as an awful shock, but a study by First Data has found that older adults pay more attention to cybersecurity than younger adults. But vastly more attention? No, according to a report from ATM Martketplace, a Mobile...

Study: Consumers not keen on facial ID for payments

A new survey by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology, according to a press release. Contactless payment users consider...

Chinese HSBC mobile banking users can verify ID with a selfie

HSBC customers in China can now make payments with a selfie thanks to the introduction of facial recognition technology within the bank's mobile app. The feature enables users to add new payees to their account and transfer funds via the...

NRF demands better response to data breaches with federal law

Citing the recent breach at Equifax, the National Retail Federation and other industry associations have sent a letter to Congress insisting that any legislation concerned with data breach notification should apply to all industries that handle consumer data. "To protect...

Study: Merchants face gaps with payment security compliance

Findings from the Verizon 2017 Payment Security Report demonstrate a link between organizations being compliant with the Payment Card Industry Data Security Standard and their ability to defend themselves against cyberattacks, according to a press release. Of all payment card...

MagTek goes big on features with new Dynasty mPOS device

MagTek, a supplier of secure digital transaction technology and hardware, has launched Dynasty, the company's newest addition to its roster of mPOS offerings. Dynasty supports magnetic Stripe, chip card and contactless payments via a certified PIN entry device with a...

Mitek adds NFC capability to mobile verification product

Mitek, a provider of mobile capture and identity verification software product, has announced the addition of NFC capability to its Mobile Verify product, according to a press release. By adding NFC, Mobile Verify can now read the biometric data embedded...

Study: US consumers more concerned about fraud than a terrorist attack

Nearly half, 44 percent, of U.S. consumers rate identity theft and banking fraud as their top concern, according to FICO's latest consumer finance trend research. The figure, according to a press release, is more than double compared to those who...

Report: Online payment fraud detection spend to hit $9.3B by 2022

Spending on online fraud detection and prevention products will hit $9.3 billion by 2022, an increase of 22 percent over this year's anticipated spend, according to a new Juniper Research study. The research reveals perceptions of high software costs, alongside...

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3 trends for 2018: Safer data, faster payments, better experiences