Gemalto, Vipps team up on securing digital wallets

Digital security player Gemalto and Norway's Vipps, the Nordic region's largest payment and identification company, are partnering on a secure digital turnkey solution for NFC proximity payment, QR and e-commerce. The technology, according to a press release, will offer secure...

Alibaba files blockchain patent

Alibaba, a Chinese e-commerce company, has recently filed a patent application for administrative access of a blockchain system. The company is seeking this patent specifically to stop illegal transactions in smart contracts, according to the patent application. The patent points...

ControlScan to provide mobile commerce security for P97 Networks

ControlScan is partnering with P97 Networks to provide enhanced security controls for mobile payment services in the convenience, fuel retailer, quick-serve restaurant and related industries, according to a press release. "Securing financial transactions is a primary focus for consumers, card...

Alibaba's travel service integrates facial recognition for hotel check-in

Shiji Group, a network solutions provider for hotels, working with Fliggy, Alibaba's travel service, has integrated facial recognition for hotel check-in, including credit authorization for 50 hotels in the Hainan district of China, according to a press release. Fliggy provided...

Remitly partners with Onfido for easier way to make global money transfers

Identity verification specialist Onfido is partnering with global remittance platform Remitly, according to a press release. Onfido's AI technology is intended to help Remitly quickly onboard new users to its platform without running the risk of fraud or financial crime....

Paytm reportedly tests facial recognition for mobile wallet

India's Paytm is testing facial recognition feature that will enable consumers to unlock the payments feature associated with the popular mobile wallet platform, according to a report from The Economic Times. The company also reportedly plans to enable consumers to...

Hacker gets 14 years in prison for enabling Target breach

A computer programmer from Latvia will serve 14 years in prison for his role in helping to hackers to design malware that was used to carry out the Target data breach in late 2013. According to a report by the...

Rivetz preps new blockchain mobile security

Rivetz, a company that specializes in decentralized cybersecurity, will demonstrate its latest blockchain-based mobile security product at Mobile World Congress Americas this week in San Francisco, according to a press release. The product, called Dual Roots of Trust, leverages protections...

Fido Alliance debuts new certification process for biometrics

The FIDO Alliance recently announced its Biometric Component Certification Program, the first such program for the industry at large, according to a press release. The program utilizes accredited independent labs to certify that biometric subcomponents meet globally recognized performance standards...

Missouri congressman drafts data breach notification bill

Missouri Congressman Blaine Luetkemeyer is crafting a bill to legislation that would clarify and codify the obligations of financial companies to report data breaches, according to a report by Bloomberg Law. This is a second attempt by Luetkemeyer to draft...

Visa notes progress with US EMV transition

Visa released June EMV statistics showing that the network continues to make progress on EMV migration in the U.S. According to a Visa press release: Card counterfeit fraud losses have been reduced 75 percent at EMV-enabled merchant locations since the...

Study: Future smartphone payments to rely on software security

A new Juniper Research report predicts the biggest shift in mobile payment security will be the move toward software-based methods, which rely on standard smartphone components, according to a press release about the report. The research forecasts users of these...

Worldnet launches EMV product for virtual merchants

Worldnet, a payments product provider, has introduced GoChipNow, a plug-and-play product for virtual terminal merchants who want to upgrade to EMV, according to a press release. The company said GoChipNow makes it simple for anyone who previously purchased any magnetic...

Australian payments industry ramps up fight against CNP card fraud

The Australian Payments Network, also known as AusPayNet, has announced the start of an industry consultation on a new framework to accelerate the fight against online card fraud. The announcement coincides with the release of the latest card fraud data...

Consumers fret over fintech apps' security

Nearly one-third of U.S. banking consumers use online and mobile apps for money management, but many worry about the privacy of their data used in these apps and want more control over what can be accessed, according to a new...

Nuggets partners with Credits to develop e-commerce

Nuggets, a blockchain e-commerce payments and ID company, has partnered with Credits, the blockchain platform for fast and scalable dApps, to develop a better e-commerce experience for customers and businesses. The two companies have signed a global agreement that will...

PSCU adds Ondot's suite of card control services

PSCU, a California-based credit union service organization, has partnered with Ondot, a provider of mobile payments services, to implement a comprehensive alerts and controls solution. According to a press release, the solution allows members to: Geolocation enabled alerts – can...

Identity and payments platform Nuggets partners with IoT company

Nuggets, the blockchain e-commerce payments and ID platform, announced a partnership with CPChain, a China-based blockchain company focused on revolutionizing the Internet of Things, to enable secure identity and payments from IoT consumers and merchants, according to a press release....

GlobalOnePay launches EMV-ready mPOS product

GlobalOnePay, a division of Pivotal Payments offering global omnichannel payment processing technologies and merchant services, announced the release of its EMV-ready, mobile point-of-sale product, according to a press release. GlobalOnePay Mobile is intended to deliver an enhanced experience for accepting...

Study: Consumers unsure about biometric payments

Consumer security concerns could jeopordize the future of biometric payments, which are otherwise poised for growth, according to a new report from secure network provider Transaction Network Services. Vital Insights into Biometric Payments Adoption, an independent report commissioned by TNS...

TNS assists Thailand bank with enhanced merchant POS service

Thailand's Thanachart Bank is strengthening the point-of-sale services provided to merchants and their 30,000 terminals thanks to a new agreement with Transaction Network Services and INET. TNS, in partnership with INET, will upgrade Thanachart Bank's merchant offerings with the TNS...

Study: Consumers still wary about security with mobile banking, payments

Nearly 6 in 10 consumers pay bills on line, but half of this group have concerns about the security of doing so, according to Expectations & Experiences: Consumer Payments, a new consumer survey from Fiserv Inc. Further, consumers are interested...

Macy's notifies customers about credit card data breach

A small number of Macy's.com and Bloomingdales.com customer data was breached between late April and mid June. Customers were informed of the data breach via a letter, according to USA Today. The retailer did not specify how many customers were...

Kount to review fraud survey results in exclusive webinar

Kount's Fraud Prevention Industry Benchmarks survey was launched to assess how those involved in card-not-present fraud prevention rank when it comes to chargebacks, manual reviews, and false positives. Results from the survey unearth insights from industry peers about performance related...

Study: UK adults seek innovative, digital payment experiences from their banks

Online security and fraud prevention are top of mind with U.K. adults when it comes to bank services with 60 percent of them wanting 'peace of mind' when using cards online, according to a survey from YouGov and Ondot. The...

IBM studies data breach impact

IBM Security has released a global study examining the full financial impact of a data breach on a company's bottom line. The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee...

Bluefin, NCR expand POS payment security

Bluefin and NCR are working together to improve NCR's clients' experience by providing Bluefin's PCI-validated point-to-point encryption security product to merchants and retailers using NCR's Counterpoint Retail product to process payments through NCR Secure Pay. The companies said in a...

Nuggets teams up with QFPay in China

Nuggets, a blockchain e-commerce payments and ID platform, has entered into a partnership with QFPay, one of the largest Chinese mobile payment product providers and which is used by Asian e-commerce giants Alipay and WeChat Pay, according to a press...

PayPal rolls on with another acquisition, this time for Simility

PayPal is acquiring Simility, a fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. PayPal said the acquisition will enhance its ability to deliver fraud prevention and risk management solutions...

Smart bike sharing company enables Fortumo's messaging platform

China-based Mobike, which describes itself as a smart bike sharing company, announced it is now using Fortumo's messaging platform to authenticate users and share service-related messages through SMS in more than 15 countries, according to a press release. Mobike said...

Retailers, payments companies join forces on new security-focused trade group

Retail and payments industry stakeholders have formed a new association, the Secure Payments Partnership, to promote security across the payments system. According to a press release, SPP marks the first time that interests representing diverse parts of the payments system...

Study: Consumers balk at emerging payment options over security concerns

Consumer concerns about data security and privacy are hampering the move to emerging payments, according to Lost in Transaction: Payment Trends 2018, a report from Paysafe, a provider of payment products. Of more than 5,000 consumers polled for the study:...

Kount, Mobile Payments Today seek input from online retailers for fraud survey

The growth of mobile and online commerce has led to an increase in card-not-present (CNP) fraud. CNP fraud mitigation techniques often include strategies to decrease chargebacks, reduce false positives, minimize manual reviews and more. As such, Kount and Mobile Payments...

Ingenico achieves Google Mobile Services certification for Axium D7 POS terminal

Ingenico Group has announced that its Axium D7 ECR-POS has achieved Google Mobile Services certification, making it the world's first secure POS terminal to meet GMS requirements and properly run applications by Google. Ingenico said the certification demonstrates that a...

Ondot-powered mobile apps reach milestone

Ondot Systems has reached the milestone of 3,000 financial institutions worldwide that now offer payment card controls via Ondot-powered mobile apps. The Ondot app sits within the client FI's own mobile app, providing a single sign-on and a consistent user...

Mitek acquires A2iA to bolster digital identity verification services

Mitek Systems Inc., a provider of digital identity verification products, has acquired A2iA SAS, which specializes in artificial intelligence and image analysis, for €42.5 million (US$49.7 million) in cash and shares of Mitek's common stock. "With the addition of A2iA's...

Nuggets testing blockchain-based e-commerce mobile app

Nuggets, an e-commerce payments and ID platform, has opened up its mobile app Alpha to iOS users. Nuggets uses blockchain technology to enable consumers to make e-commerce payments, log in to services, and verify their identities without having to share...

Facebook joins FIDO Alliance board of directors

The FIDO Alliance announced Facebook has been appointed to its board of directors, according to a press release. With this appointment, Facebook joins other leading global technology, financial services and e-commerce board members in driving the alliance's strategic vision to...

Rambus intros account tokenization for real-time payments

Rambus Inc. has announced the launch of its Payment Account Tokenization product to secure account-based transactions, such as automated clearing house and real-time payments, according to a press release. Rambus said the product will enable central banks and clearing houses...

GlobalPlatform extends security APIs to support developers authenticating users in-app

GlobalPlatform, the standard for secure digital services and devices, has extended the functionality of its Trusted User Interface APIs for service providers and application developers, according to a press release. The move helps give service providers and application developers a...

Clearent launches Cloud EMV product with Quick Chip tech

Clearent has announced the launch of Cloud EMV, its cloud-based integrated payments product, according to a press release. The St. Louis-based company said it launched Cloud EMV following successful integrations conducted by several of its independent software vendor partners.

Retail tech provider Stuzo achieves PCI DSS Level 1 compliance

Stuzo, a provider of personalized and predictive commerce products for retailers, has completed PCI DSS Level 1 compliance certification, according to a press release. "As a leading provider digital commerce solutions for retailers, it is imperative our company, our open...

Another data breach revealed, this one affecting Sears and Delta

The payment data of Sears, Kmart and Delta Air Lines customers may have been compromised in a cybersecurity attack on a software service provider. The breach, which happened in late September 2017 at [24]7.ai, was resolved on October 12 the...

Uncertainty remains over Panera Bread data breach

Panera Bread might have accidentally leaked millions of customer records, according to a story published Monday by Brian Krebs, a former reporter for The Washington Post, on his website, Krebs On Security. The article said that the breach had been...

Hudson's Bay brands suffer payment card data breach

Hudson's Bay, a Canada-based department store operator whose brands include Saks Fifth Avenue and Lord & Taylor's, announced Sunday night that that hackers compromised some 5 million credit and debit cards. "Once we have more clarity around the facts, we...

Northern Tool + Equipment deploys Intellicheck's Retail ID Mobile

Intellicheck, a company that specializes in identification authentication products, has announced that Northern Tool + Equipment is now using Retail ID Mobile at 43 stores in Texas, Florida and Georgia, according to a press release. Retail ID Mobile provides real-time...

Russian Standard Bank works with JCB to secure online transactions

Russian Standard Bank and JCB International Co. Ltd.

MyPinPad, Ingenico Group team up to pilot PoM

Payments software authentication provider MyPinPad is teaming up with Ingenico Group, a seamless payments provider, to deploy live pilots of PIN on Mobile (PoM) for small to mid-sized merchants and mobile transactions in Europe. MyPinPad's PoM product, called MPES, is...

Trustonic, Mirae provide secure one-time password authentication for mobile banking

Korea Financial Telecommunications and Clearings Institute has partnered with Trustonic and Mirae Technology to simplify and improve the secure authentication of mobile financial services and transactions. KFTC, Korea's centralized one-time PIN authentication service provider, has launched a secure, digital one-time-password...

Payments Canada debuts new credit risk model

Payments Canada, a financial market infrastructure for payments, is deploying a new credit risk model to boost safety and the soundness of existing systems.It's the first major enhancement on the organization's multiyear payments modernization strategy, according to a press release....

Visa numbers show major EMV inroads

Visa has published EMV chip card statistics for December, and they show that the technology has made major inroads since the company's first liability shift went into effect in October 2015. Between September 2015, one month before the shift, and...

Report: Acquirers struggling to raise merchant PCI compliance rates

ControlScan, a company that specializes in managed security and compliance products that help secure networks and protect payment card data, has released a research report detailing findings from its most recent payments industry survey of acquirers, ISOs, processors and payment...

Visa brings CyberSource Token Management Service to clients worldwide

Visa has introduced a product called Token Management Service, which is designed to unify management and secure customer payment data, according to a press release. Visa said the service enables an integrated view of payment preferences and behaviors across a...

Uphold acquires mobile payment platform Cortex MCP

Uphold, a San Francisco-based digital money platform, has acquired Cortex MCP, a mobile commerce and authentication company, according to a press release. Uphold said the acquisition will enable Uphold to strengthen its digital money platform with secure payment applications, leveraging...

Synchrony Financial makes strategic investment in Payfone

Synchrony Financial has announced a strategic investment in Payfone, which provides identity authentication for digital channels. The investment is one of several made recently in the mobile and authentication space by the venture capital team of Synchrony, Synchrony Ventures, according...

Study: Identity fraud rises as criminals move online from brick-and-mortar retailers

The number of identity fraud victims has increased by 8 percent (rising to 16.7 million U.S. consumers) over the last year, a record high since Javelin Strategy & Research began tracking identity fraud in 2003, according to a press release...

Police in Pennsylvania town seek duo installing skimmers at Aldi supermarkets

Police in Lower Pottsgrove, Pennsylvania, are investigating an alleged skimming scam by two men, who have been placing skimmers at Aldi supermarket locations in and around the town, according to a report from Krebs on Security. Krebs reported that the...

Relx Group acquires ThreatMetrix for $817M

Relx Group has entered into a definitive agreement to acquire the entire issued share capital of ThreatMetrix for a consideration of £580 million (US$817 million) payable in cash. ThreatMetrix is an authentication company headquartered in San Jose and founded in...

Payfone partners with O2 to fight digital fraud in Europe

Payfone, a digital identity authentication company, and U.K. mobile network operator O2, have signed a partnership contract intended to protect mobile users against cyber hacks, account takeover attacks, SIM swap attacks, and other forms of digital fraud, according to a...

Tender Armor raises Series A funding to propel online fraud product

Tender Armor, a global fraud prevention payments technology provider, has announced the closing of a multi-million-dollar Series A investment led by private investors Aubrey Strul and Barry Beck, with additional funding through Strul Logistics and Technology LLC, according to a...

2 banks begin testing Visa's biometric EMV card

Visa has initiated pilots with Mountain America Credit Union and Bank of Cyprus of a new EMV dual-interface payment card, making these the first commercial pilots to test an on-card biometric for contactless payments, according to a press release. "The...

Visa, Dynamics aim to provide a more "intelligent" payment card

Visa and Dynamics have unveiled the Dynamics Wallet Card, which the companies describe as a connected payment card that has the ability to access multiple card accounts, and has a programmable on-card display that enables account information, such as alerts...

Danal links with O2 to provide mobile identity services

Mobile identity company Danal has announced a partnership with one of the U.K.'s leading digital communications companies, O2, according to a press release. Danal and O2 have joined forces to address the growing demand for mobile identity services in the...

Thales to acquire Gemalto for $5.6B

After previously rejecting an offer from Atos to buy the company, digital security tech firm Gemalto has agreed to an offer from Thales in a deal worth $5.6 billion. Thales said in a press release that the Gemalto acquisition continues...

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...

Americans become comfortable with biometric ID

Not so long ago, it was widely assumed that Americans would never take to fingerprint ID, given their general distrust of anything even vaguely Big Brother-ish. But this attitude has undergone significant change recently for a variety of reasons ranging...

UK adults plan to take control of personal data as regulation looms

Nearly half (48 percent) of U.K. adults plan to activate new rights over their personal data, according to a poll of 2,000 U.K.

Safaricom combats M-Pesa fraud with photo IDs

Safaricom is attempting to overcome some recent fraud issues with its popular mobile money service, M-Pesa, the old-fashioned way: checking photo IDs. Safaricom has told local news publications that it recently distributed some 25,000 pre-programmed smartphones to mobile money agents...

American Green introduces biometric verification for dispensing age-restricted products

American Green has introduced a vending system that enables the vending of controlled or age-restricted products using biometric verification, according to a press release. The biometric verification portion of the system is used by the U.S. military and large corporations...

Study: Retailers set to lose $71B in CNP fraud in next 5 years

New Juniper Research data reveals retailers stand to lose $71 billion globally from fraudulent card-not-present transactions over the next five years, according to a press release. The research found that a number of factors, such as the U.S. shift to...

Tokenization provider Sequent closes funding round with $16M

Sequent, a Santa Clara, California-based tokenization services provider, has announced the first close of $16 million Series C round of financing, according to a press release. The round of funding was led by TIS, part of TIS INTEC Group based...

Danal secures strategic funding for mobile identity platform

Danal Inc. has closed a strategic investment round with Orange and Bangkok Bank to accelerate its mission of expanding global coverage of its mobile identity platform, according to a press release. "The investments expand the company's footprint in a number...

FICO intros Card Compromise Manager antifraud solution

Silicon Valley analytics firm FICO has launched FICO Card Compromise Manager, an antifraud solution that detects and prioritizes compromised merchants and data breaches involving card data. A companion to the FICO Falcon platform, Card Compromise Manager is capable of detecting...

ThreatMetrix, Gemalto partner to improve digital security

ThreatMetrix and Gemalto recently announced a new partnership to provide their customers with the combined benefits of their authentication and digital identity products, according to a press release. The partnership covers institutions worldwide and will focus on delivering "holistic" authentication...

Visa expands global network of providers to drive IoT payments

Visa has signed 13 new partners to participate in its token service provider program, according to a press release. The company said that it has built out a global network of partners to offer secure, digital payment token services and...

Account takeover, application fraud rising fast, study finds

Two of the largest challenges facing financial institutions are identity-related, according to the new Aite Group Impact Report, Financial Institution Fraud Trends: ATO and Application Fraud Rising Rapidly. Application fraud and account takeover fraud threats were initially fueled by the...

Fiserv platform integrates cybersecurity for digital banking

Fintech provider Fiserv Inc. has announced the availability of SecureNow, a centralized, real-time cybersecurity platform designed specifically for online, mobile and tablet channels. The Fiserv product integrates a range of cybersecurity protections from providers including iovation, Guardian Analytics, Neustar and...

Prevalence of mobile banking creates 'rich opportunities' for fraudsters, study says

As smartphones increasingly become an indispensable financial tool for consumers' financial lives, their value to fraudsters has risen accordingly, reveals a new study by Javelin Strategy & Research. Although mobile malware has yet to become a pervasive threat in western...

Verifone to add MasterCard faster EMV tech to POS terminals

MasterCard is joining forces with payments industry players such as Verifone to enhance and expedite the consumer checkout experience leveraging the company's M/Chip Fast technology. M/Chip Fast prioritizes the elements of a transaction that are critical to security in order...

Survey: Consumers embrace biometric authentication

It's long-accepted wisdom that the American masses will resist biometric identification as an intrusion into their privacy. However, the uptake of Apple Touch ID and subsequent biometric technologies for unlocking mobile devices seems to have effectively won over those masses...

Visa makes it easier for issuers to enhance digital card experiences

Visa has announced that it will help its financial institution partners create customized digital card management experiences for their customers. The company said in a press release that as the Internet of Things grows, consumers are placing their card on...

CardFlight launches 2 new mPOS devices

CardFlight, a mobile point-of-sale provider, is launching the Swift B200 and Swift B250, a new series of mobile card readers that use Bluetooth Low Energy connectivity to enable merchants nationwide to accept secure EMV and NFC contactless payments on Android...

IDology aims to enhance security in mobile commerce

IDology, a company that specializes in multilayered identity verification and fraud prevention, has announced the addition of two digital authentication products, ExpectID Mobile Authentication and ExpectID Secure SMS, to its fully integrated platform, according to a press release. The company...

PayToo gets into the selfie game

PayToo Merchant Services Corp., a division of PayToo, has unveiled its new payment technology, PayToo SmileandPay. The service uses facial recognition and QR codes to verify payments, according to a press release. First-time users download the PayToo assistant app and enter their ID, payment card and selfie.

MasterCard tests biometric EMV card

MasterCard has unveiled what it is calling the "next generation biometric card," combining chip technology with biometrics to verify the cardholder's identity for in-store purchases. South Africa is the first market to test the technology, with two separate trials recently...

Experian: US e-commerce fraud increases as EMV acceptance grows

Delaware, Oregon, and Florida were the top-ranked states for billing and shipping e-commerce fraud in 2016, according to a new report from Experian. Both Oregon and Delaware saw an increase in e-commerce billing fraud attacks of more than 200 percent....

Infinite Peripherals secures First Data approval for EMV device

Infinite Peripherals has been certified by First Data to accept mobile EMV payments via its integrated payment framework, according to a press release. The InfineaPay mobile EMV payment application and InfineaEngine semi-integrated payment framework are intended to help customers across...

Apriva, OTI partner on new EMV device for unattended payments

Apriva, a provider of omnichannel payment products and secure mobile communications, and On Track Innovations Ltd., a global provider of NFC, cashless payment and fuel management products, have announced a partnership to bring a new end-to-end EMV product to markets...

IoT and its promise to change the customer journey faces one big hurdle

The Internet of Things boasts big potential for the customer experience, the customer journey, digital commerce and companies striving to better understand their customers. But security issues remain a big obstacle when it comes to IoT delivering on all its...

MasterCard acquires NuData Security

MasterCard this week announced it has entered into an agreement to acquire NuData Security, a global technology company that helps businesses prevent online and mobile fraud using session and biometric indicators, according to a press release. MasterCard will build on...

Report: Samsung Galaxy S8 to include facial recognition for mobile payments

Samsung will incorporate facial-recognition technology for mobile payments as a new feature in the upcoming Galaxy S8 smartphone, according to a report from Bloomberg. Bloomberg said that the updated Galaxy will combine fingerprint authentication with iris and facial recognition to...

Mobile Payments Today seeks editorial contributors, bloggers

Mobile Payments Today is seeking editorial content in 2017 from industry thought leaders in the form of contributed articles and blog posts. We're looking for high-level thought leadership pieces that are free of a marketing pitch. Submissions should be between...

Fujitsu tech links smartphone biometrics to IoT devices

Fujitsu Laboratories has developed a technology that enables the use of cloud services through IoT devices through the biometric authentication functionality of smartphones and near field wireless functionality, according to a press release. Fujitsu said that the technology, which adheres...

Mobile Payments Today publishes new mobile app guide

One of the bigger trends to emerge in 2016 was how payments became a larger focus for retailers as they attempt to keep customers within their app for the entire shopping experience. To that end, Mobile Payments Today is proud...

Mitek launches UK office

Mitek, a company that specializes in mobile capture and identity verification software products, has launched in the U.K. with an office in London. The U.S.-based company works with more than 5,500 organizations that provide its technology to 70 million consumers...

Visa-branded chip card total tops 408M in 2016

The number of Visa chip cards issued as of the end of 2016 grew 92 percent over year-end 2015, to a total of 408.1 million, according to a company blog post this week. The San Francisco-based company also said that...

ANZ replaces lost or stolen cards instantly via mobile wallet

ANZ customers can continue to use their digital wallet even if they've reported their physical card lost or stolen, thanks to a new service that automatically generates replacement card data, according to a press release. As soon as a customer...

The mobile banking dilemma: Android platform leads Apple iOS for better — and worse

Statista, a provider of quantitative research tools and statistics, has published its rankings of computer operating system vulnerabilities. The No. 1 most vulnerable OS doesn't even rate a drum roll, since the world already knows it's Android. The platform comes...

Visa, MasterCard work together on tokenization for digital wallets

Visa and MasterCard have signed an agreement intended to accelerate the adoption of tokens in Visa Checkout and Masterpass, the companies' respective digital wallets. The reciprocal tokenization agreement enables Visa to request tokenized MasterCard payment credentials from MasterCard for provisioning...

AmEx chimes in with EMV delay at US fuel pumps

Visa, MasterCard, Discover … and now American Express has announced it will extend the effective date of its EMV fraud liability shift for U.S. fuel merchants by three years to October 2020. According to a press release from the company, "The extension will give U.S.

ABA advisory outlines cyberthreats targeting payments players

A new advisory from the American Bankers Association offers information and recommendations to help merchants, payments processors and others mitigate cyberexploitation tactics, techniques and procedures. Many of these TTPs have been observed by members of the Financial Services Information Sharing...

MasterCard to use AI for fraud detection

MasterCard has introduced Decision Intelligence, which the company described in a press release as a comprehensive decisioning and fraud detection service. The solution uses artificial intelligence technology to help financial institutions increase the reliability of the approval process for real-time...

Visa acquires CardinalCommerce to secure and push digital commerce

Visa has announced an agreement to acquire CardinalCommerce, a company that specializes in e-commerce payment authentication, according to a press release. Financial terms of the transaction were not disclosed. The transaction, which is subject to the customary closing conditions, is...

Card networks bump liability shift date for fuel dispensers, leave ATM deadline unchanged

MasterCard and Visa announced on Thursday that they will move their EMV fraud liability shift dates for automated fuel dispensers from October 2017 to October 2020. Visa released a press release outlining the reasons that prompted the three-year delay: The...

US Payments Forum broadens focus on mobile payments

The U.S. Payments Forum has formed a Mobile and Contactless Payments Working Committee to explore the opportunities and challenges, identify possible approaches, and develop practical implementation guidance and best practices for the variety of mobile and contactless payments product being...

Latest Android malware targets mobile banking apps

The latest Android malware bugs targets 94 different mobile banking and payment apps, including the likes of American Express, PayPal and Santander, according to multiple media reports. Fortinet, which develops and markets cybersecurity software, first spotted the virus, which is...

InAuth, Early Warning partner to enhance security of mobile payments

InAuth, a device authentication company, and Early Warning, a real-time payments, authentication and risk mitigation provider, have announced a strategic alliance intended to enhance the security of real-time payment services within the mobile channel by leveraging the advanced device intelligence...

FIDO Alliance links with EMVCo to develop new security standards for mobile payments

FIDO Alliance, the industry consortium developing open, interoperable authentication standards, announced this past week that it will work with EMVCo to add convenience and security to in-store and in-app EMV-compliant mobile payments, according to a press release. The FIDO Alliance...

Early Warning, NuData Security partner to improve security for faster payments

Early Warning and NuData Security have announced a strategic alliance that will enable Early Warning to use behavioral analytics and risk decisioning as part of the company's comprehensive authentication platform for real-time payments. Early Warning said it has simplified and...

MasterCard enables Masterpass for Microsoft Wallet, Android Pay, Samsung Pay

MasterCard has announced agreements with Microsoft, Google and Samsung to bring online payments capabilities to U.S.-based users of the companies' digital wallets. Starting early next year, MasterCard cardholders who use Microsoft Wallet, Android Pay or Samsung Pay will be able...

Study: Consumers have doubts about mobile payment security

The great majority (88 percent) of consumers would discontinue using digital payments if they personally fell victim to cybercrime as a result of a data breach, according to a new report from Thales and Wakefield Research. Wakefield conducted the email...

Elavon, Poynt partner on smart terminal distribution for small merchants

U.S. Bancorp subsidiary Elavon and California-based Poynt have announced a partnership to offer small to mid-sized businesses in the U.S.

Harley Financial Services intros Harley Pay as a merchant service

Payment processing company, linked2pay, announced that Harley Financial Services has launched HarleyPay on the Bank Centric Payments platform, according to a press release. As a business payment product, HarleyPay offers merchants an array of fully integrated options to accept card,...

EMVCo and PCI SSC combine expertise on 3-D Secure 2.0

Technical body EMVCo and PCI Security Standards Council have announced that they are collaborating to support the upcoming launch of 3-D Secure 2.0 (3DS 2.0). The announcement was made at the PCI Security Standards Council Community Meeting of global cybersecurity...

Mastercard launches new developers program focused on payments, data, security APIs

Mastercard has launched what it calls Mastercard Developers, which is intended to make it easier for developers to create next-generation commerce products across payments, data and security. Masterpass and Mastercard Digital Enablement Services APIs are included in the new program....

Lenovo, Intel, PayPal, Synaptics partner to bring FIDO authentication to laptops

Lenovo, Intel, Synaptics and PayPal have revealed a collaborative effort to bring simple and safe authentication experiences to enterprise and consumer use cases, according to a press release. The collaboration will enable Lenovo customers to be able to authenticate to...

Non-EMV merchants see 77 percent rise in fraud cost, study says

MasterCard has published data updating its progress on chip implementation in the U.S. and its impact on issuers, merchants and consumers. According to a company press release, 88 percent of MasterCard U.S.

Study: Venture capital blockchain investment through June approached $300M

A new study from Juniper Research has found that the total value of venture capital investment into blockchain technologies and Bitcoin companies totaled $290 million in the first six months of the year with more than 30 startups receiving funding...

RushCard ushers in mobile app after glitch

RushCard has announced the launch of a new mobile app with security features nearly a year after a computer glitch prevented users from accessing their prepaid card accounts. The free app is available on both the Android and iOS Apple...

Companies aim to strengthen multifactor mobile authentication

MobileIron and Entrust Datacard have announced a technology alliance partnership to deliver derived credentials for next-generation multifactor authentication, according to a joint press release from the companies. MobileIron Derived Credentials with Entrust IdentityGuard Mobile Smart Credential will provide government agencies...

EMVCo intros streamlined approvals for mobile payment devices

The EMV Technical body EMVCo has announced that it has implemented a formal approval process to confirm that contactless mobile payment-enabled devices can operate seamlessly with EMV Level 1-approved payment acceptance terminals. According to a press release, this is the...

BluePay partners with CardFlight to offer EMV mobile processing

BluePay, a merchant account provider dedicated to delivering secure payment technology, has announced the availability of EMV mobile processing using Cardflight's point-of-sale product, SwipeSimple. SwipeSimple is an out-of-the-box mobile processing platform with a cloud-based inventory and item-tracking, and a reporting...

US Payments Forum publishes update for EMV chip deployment

To help merchants and acquirers develop their strategies for implementation, payment network members of the U.S. Payments Forum (formerly the EMV Migration Forum) have updated the guide outlining their minimum requirements for chip deployment, including changes to incorporate requirements for...

Mobile Payments Today releases new Mobile Wallet Comparison Guide

Choosing the right mobile wallet can be tricky and time consuming, but we've done the research for you! The 2016 Mobile Wallet Comparison Guide gathers in one spot a compendium of the industry's top mobile wallets, compiling their differing capabilities...

Barclays introduces voice identification technology

Barclays has announced the introduction of its voice security technology to all personal banking customers, according to a company press release. "Barclays is constantly looking at ways to improve services for customers and make it easier for them to get...

India's Yes Bank chooses Gemalto for secure mobile payments

Gemalto has announced that Yes Bank, India's fifth largest private sector bank, has deployed its SafeNet Network HSM to secure mobile payment transactions for millions of its customers under India's recently implemented Unified Payments Interface, according to a Gemalto press...

EMVCo, FIDO Alliance collaborate on mobile payment authentication

EMVCo, the global payment specification body, and the FIDO Alliance, an industry consortium tasked with developing open, interoperable authentication standards, have announced that they will work together to determine how FIDO authentication standards can support EMV payment use cases. A...

Norway takes steps to improve mobile app authentication

Encap Security, an authentication security provider for financial institutions, announced Norway’s BankID selected its Smart Authentication platform for a pilot program beginning this month to test in-app authentication. The pilot aims to take advantage of Norway’s high level of smartphone...

AmEx latest card network trying to make EMV transactions quick

American Express is the latest card network putting its best foot forward to try and reduce U.S. EMV transaction times with a software update at the physical point of sale. AmEx Quick Chip is available to merchant processors, who can deploy the service to interested U.S.

New research tracks rapid rise of ID theft, fraud

More than half of internet households have experienced fraud or identity theft. Of these, 3 in 10 say that stolen information was used for unauthorized purchases online or by phone.

Survey: Banks ill-equipped to handle potential fraud onslaught

Payments fraud presents a growing challenge for corporate treasurers and other finance professionals, according to a survey conducted by TD Bank at the 2016 NACHA Payments Conference in April. TD Bank conducted a mobile app-based poll of finance professionals attending...

Creditcall chalks up five EMV processing certifications

Creditcall, an omnichannel payment gateway and EMV kernel provider, has added TSYS and Heartland to its roster of U.S. processors that have certified the company for EMV transactions. According to a press release, the company's other EMV certifications include First...

Industry associations work together on online authentication

Industry associations GlobalPlatform and the FIDO Alliance have signed a memorandum of understanding to work together to improve online authentication standards, according to a press release. The groups are working to ease FIDO authenticator development on GlobalPlatform-based secure component products....

FIs unseated as top targets of cybercrime

The retail sector claimed the unenviable No. 1 position on the list, experiencing almost three times as many attacks as the financial sector last year.

AnywhereCommerce, Bluefin form payment, security pact

AnywhereCommerce can now offer Bluefin Payment Systems' PCI-validated P2PE product suite through its current platform using the Nomad mobile device paired with a smartphone or tablet.

FIME test tools selected to support mobile payments in China

The Shanghai Integrated Circuit Technology & Industry Promotion Center will use FIME's RF Test Bench and Global Device test tool to support local mobile vendors with the evaluation of EMV and trusted execution environment products.

Touch ID feature comes to US Bank mobile app

Touch ID is available for U.S. Bank customers using iPhone 5s and later models.

MasterCard reports continued progress for U.S. EMV Adoption

With industry-wide cooperation, the company says, the US might reduce fraud by as much as 80 percent as other EMV-adopting nations have done.

Study turns up lackluster stats on EMV in the US

A study by CardHub finds that more than half of consumers do not understand the difference between card security standards and don't care whether a retailer's POS terminal is enabled for EMV.

BMO, MasterCard roll out biometric corporate card program

Corporate cardholders will be able to use selfies and fingerprint scans to verify their identity when making online purchases.

ABA council urges cooperation on secure payments system

The ABA Card Policy Council has called for all consumer-facing industries to implement 'strong, consistent safeguards to stop the loss of private information to criminals.'

FIDO Bank launches HCE-enabled mobile payments app

PriNum has developed mobile contactless payments system for FIDO Bank, the first among the Ukrainian banks.

Digital Insight rolls out Android Fingerprint ID for mobile banking

The company says it is the first solutions provider to introduce fingerprint authentication for mobile banking apps on the Android platform.

TD Bank adopts Visa tokenisation tech for Android mobile app

This tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted "tokens" during mobile payment transactions.

Cryptomathic signs on as PCI SSC participating organization

The company hopes its experience as a designer of secure software solutions can help PCI become 'a business enabler, rather than a simple compliance exercise.'

China UnionPay, Visa vow to collaborate on payments products

The companies signed a memorandum of understanding to strengthen and create new value for the bank card ecosystem, benefiting consumers, merchants, financial institutions, and technology partners.

Giesecke & Devrient works with MasterCard on secure mobile payments

G&D said it becomes the first third-party company to offer MasterCard's tokenization services to issuing banks.

Danal works with GSMA on mobile identity services

Danal said it is assisting mobile network operators that are currently using indigenous authentication technology to transition to the GSMA's Mobile Connect product.

TeleSign to provide Orange with mobile identity services

The companies said the new partnership brings together TeleSign's portfolio of authentication and mobile identity products with Orange's unique insights about its network and subscribers.

Heartland, Smart Card Alliance partner on consumer security advocacy

The companies have established a training center to advance the security of payments and identity through education programs on industry best practices and advanced security technology.

Visa Europe expands tokenization service

The move enables financial institutions and others to integrate the security measure into a variety of payment methods.

Report: Retailers want secure mobile wallets with integrated rewards

Payment security was cited by 72 percent of retailers polled, with integrated loyalty options, 71 percent, and seamless ordering, 55 percent, as top three features wanted in mobile apps.

Fifth Third Bank adds Touch ID to mobile banking app

The bank said that mobile banking is outpacing online banking with its customers.

Smart Card Alliance opens Washington, DC-area training center

The National Center for Advanced Payments and Identity Security in Crystal City, Virginia, will be a permanent facility for live educational activities hosted by SCA.

Kaspersky warns of powerful new malware

The company says that in one week, it detected more than 6,500 attempts to infect users of Android-based devices with the malware, making it the most popular Trojan Banker to date.

Harland Clarke, Mitek partner to improve remote mobile deposit

Checks printed by Harland Clarke now include 'Photo Safe Deposit' features recognized only by advanced computer vision embedded in Mitek mobile deposit software.

US-based security tech company acquires Smart Card Software

Smart Card Software includes Bell ID and Ecebs. As part of this acquisition, the advanced mobile payment platform developed by Bell ID, along with the smart ticketing platform created by Ecebs, will be incorporated into the Rambus Cryptography Research Division.

EMV solution by CreditCall, ID Tech promises time, money savings

ID Tech card readers will be supported by the Creditcall EMV software development kit, ChipDNA for Windows and Linux, which can be integrated by developers.

Report: Holiday fraud attempts spiked on Black Friday, Christmas Eve

The data is based on hundreds of millions of transactions from global retailers during the 2014 and 2015 holiday shopping seasons.

Mobile Payments Today report shows consumers not ready to embrace change

This year's state-of-the-Industry report contains 50-plus pages of charts, comparison data and actionable advice.

First Data expands Clover line with mPOS dongle

The EMV-enabled card reader works with a Wi-Fi or cellular connection, enabling businesses of all sizes to accept payments outside of a traditional brick-and-mortar setting.

Verifone to supply EMV-ready product to Microsoft Dynamics customers

The new service is built on Verifone's Secure Commerce Architecture, which connects payment terminals directly to the company's payment gateway.

Mobile finance apps: Safe and secure?

Maybe not. A new 'state-of-the-application' report finds a gap between consumer perceptions and reality when it comes to mobile app security.

Creditcall EMV-ready mPOS device gains First Data certification

Creditcall is now integrated with NCR Silver, making NCR Silver one of the first EMV-certified mobile point-of-sale systems.

FreedomPay brings new pay-at-the-table device to Firebirds

The company's new offering is PCI-validated with point-to-point encryption and supports EMV and contactless payments.

Mobile Payments Today seeks editorial contributors, bloggers

We're looking for high-level thought leadership pieces that are free of a marketing pitch.

Global Payments buys Heartland for $4.3 billion

Global Payments said the acquisition significantly expands its U.S. direct small and medium-size enterprise distribution, merchant base and vertical reach.

Verifone launches new mPOS product

The Verifone e265 is intended to give independent and micro merchants the flexibility to accept all major payment types and integrate with smart devices for value-added commerce capabilities.

New study follows trends in use of EMV cards

The report reflects actual use for 'top of the wallet cards,' not for EMV cards that are issued only to lie forgotten in a desk drawer, CardFlight says.

TransUnion buys Trustev in $21M deal

TransUnion could pay up to an additional $23 million contingent on Trustev achieving specified retention, revenue and EBITDA targets through 2018.

Biometric company reveals new fingerprint authentication sensor

SonicTouch is a a FIDO-ready ultrasound biometric authenticator system-in-package module that can be used in mobile and the Internet of Things.

Kaspersky Lab reviews cybersecurity in 2015

In 2015 the Carbanak cybercriminal gang stole up to $1 billion from financial institutions worldwide using targeted attack methods, Kaspersky says.

CardFlight receives mPOS certification from TSYS

The company also has received approval from the four major card brands.

Indian FI tests mobile-based solution for ATM fraud prevention

The location-based solution operates on the assumption that cardholders generally carry their mobile phone when visiting the ATM.

Shoppers irked by EMV transaction times

A recent study shows that consumers are four times more likely to fret about speed than about security.

Three-fourths of firms experience internal data security incidents

For 21 percent of companies affected by internal threats, the loss of valuable data affected their business.

Study: People use their mobiles everywhere ...

As if you didn't know, right? But what's surprising is how little thought goes into protecting the vital information we store on them.

Survey: For payment safety, consumers trust banks the most

Three-quarters of consumers trust banks to protect their payments, while only 1 percent trust major retailers or telecom companies to do so, an ABA study finds.

FFIEC issues statement on 'cyberextortion'

The Federal Financial Institutions Examination Council warns of an increase in cyberattacks that seek to extort payment from FIs in return for the release of sensitive information.

Study: biometrics important to mobile payments' growth

Fingerprint scanners could push the number of biometrically authenticated transactions to nearly 5 billion by 2019, according to a new report from Juniper Research.

Mitek adds mobile facial recognition to Photo Verify

The company will combine the capability with instant ID document verification.

Visa brings tokenization to Visa Checkout

The move comes a week after MasterCard tokenized its online check out service, MasterPass.

Poynt touts certifications for mPOS device; raises $28 million

The company's hardware and software platform have received PCI PTS, PCI-DSS, PA-DSS and EMV-certification.

The 'Rashomon'-ization of EMV

As in the Japanese film 'Rashomon,' ABA and NACS Wednesday presented pictures of EMV migration so divergent, it seems possible that they weren't describing the same thing at all.

Survey: Vast majority of consumers want retailers to boost data security

Following major retailer data breaches, consumers want merchants to upgrade security controls and install EMV card readers to stop fraud.

Cloud-based POS provider talech launches EMV product

Customers using talech's cloud-based POS can connect to Ingenico Group's payment terminals.

MasterCard tokenizes MasterPass for online and in-app purchases

A demonstration of a tokenized MasterPass wallet will be available next week at the Money 20/20 Conference in Las Vegas.

IDology makes strategic equity investment in Payfone

IDology has integrated the Payfone product as part of its ExpectID Mobile Solution to better reduce risk associated with mobile devices and improve the mobile commerce experience.

Samsung says data is safe after LoopPay reveals breach

The New York Times said LoopPay learned about the breach in late August, some five months after the initial intrusion.

Security experts expect increase in mobile payment-related breaches

The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that cybersecurity professionals are willing to balance benefits with perceived security risks of mobile payments.

Feedzai partners with Socure, offering joint fraud prevention products for FIs

The two companies will provide their mutual clients with a "plug-and-play" product that combines online and social data-based authentication with fraud risk scoring.

Samsung expands relationship with MasterCard

Samsung will participate in the card brand's Digital Enablement Express program to help expand Samsung Pay's reach with issuers.

Verifone, Aava Mobile partner to offer Intel-powered mPOS device

The product is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.

Zapp bolsters mobile payment system with real-time fraud detection

Zapp said it will deploy a fraud monitoring and alerting system based on Featurespace's ARIC adaptive behavioral analytics engine to protect its users against fraud in real time.

Survey participants wanted for 2016 Mobile Payments State of the Industry Report

Mobile Payments Today has released its latest survey for the upcoming 2016 Mobile Payments State of the Industry Report.

All-in-one Android smartphone mPOS device on its way

Hong Kong-based BBPOS announced it is set to launch its new WisePOS, which features full Android smartphone functionality.

Moneris certifies Verifone's payment devices for EMV

Verifone's UX Solutions are a series of customizable and versatile unattended payment devices for use in all types of self-service environments.

North American Bancard mPOS device to debut in Apple stores

The device will retail for $39.95 and North American Bancard is also offering merchants $5,000 in free Apple Pay transaction processing.

Mobile security startup MagicCube raises $2.2 million in funding

Visa is the first company to participate in the company's Charter Partner program.

Report: Biometric device shipments for financial industry to total 212M units by 2024

Tractica anticipates that finance biometrics hardware and software revenue will increase from $126 million in 2015 to $2.2 billion in 2024.

Eval 4dev sends EMV Level 2 kernel testing to the cloud

Fime says its new solution allows development teams to check their work step by step, reducing the risk of failure in certification testing.

Nok Nok Labs completes latest funding round with $8 million

New strategic investors were added to the oversubscribed round, including DaouKiwoom Group from South Korea; DOCOMO Capital from Japan; and Thundersoft from China.

Bluefin partners with EchoSat to enhance data security

EchoSat serves a wide variety of clients, including convenience stores, gas stations, truck stops, restaurants, grocery stores and large retailers.

Kaspersky Q2 IT report highlights mobile security threat

The report finds a nearly threefold increase in mobile malware in the quarter, in addition to cyberespionage attacks targeting SMBs.

Small businesses lag in EMV preparedness

Wells Fargo study finds just 31 percent of the merchants it surveyed have POS terminals to accept chip cards.

Nearly half of smart cards shipped bound for US, China

Of 2.1 billion cards shipped, 903 million will end up in the wallets of Chinese and American cardholders, an ABI study finds.

Study: US generates 21 pct. of card volume, 48 pct. of card fraud

The Nilson report attributes lopsided US statistics to the fact that the nation has not yet moved to EMV, and predicts that loss totals will only go higher.

Citibank brings MasterPass to India

The bank and MasterCard claim that the digital wallet, which is accepted worldwide at 250,000 online retailers as a checkout option, is the first of its kind available in India.

Missing EMV liability shift date NBD, IT execs say

In a recent survey, 42 percent of IT pros said their company was making no apparent progress on EMV; 58 percent didn't think missing the deadline would affect the bottom line.

EMVCo qualifies FIME contactless terminal RF test tool

FIME says that its test tool is the first to achieve EMVCo qualification for Level 1 PCD analog testing on contactless terminals.

Sequent plans to make HCE mobile payments safer

The company has entered a strategic partnership with Arxan Technologies to fortify security efforts.

Study: Biometric services now a priority for FIs

Nearly 90 percent of banks surveyed said they offer — or are planning to offer — biometric services for customer authentication and transaction approval.

FIDO trumpets new specifications

FIDO U2F is appropriate for mobile and wireless applications and devices that do not have a USB port.

Inside Secure launches new product to meet cybersecurity demand

Inside said the joint product with Trustonic can provide payment, IoT, enterprise and other mobile product providers to meet market demands for government-grade security.

FBI issues ransomware warning, offers tips for prevention

The FBI's Internet Crime Complaint Center says that ransomware continues to spread, posing a threat to individuals and businesses alike.

Orange chooses Danal for mobile ID services

Danal will provide services such as auto form-filling/checkout and registration, ID check and localization services.

Study: Most US consumers favor bio ID to prevent financial fraud

One in four US consumers would even be willing share their DNA with their bank to secure financial and personal information, a new report reveals.

GlobalPlatform updates security protocol

'GlobalPlatform Secure Channel Protocol 11' addresses the increasing number of use cases, such as mobile banking, where applications utilize both the SE and TEE to protect a secure service.

PCI Council publishes appendix to PCI Data Security Standard

​Supplemental validation procedures will help organizations demonstrate ongoing security efforts for protecting payments, the council says.

Study: EMV a $35B 'money pit' for merchants

A new report from research firm IHL says that an "EMV tax" imposes an unrealistic burden on retailers — and creates a mess for consumers.

New document aims to clarify fraud liability under EMV

A new document from the EMV Migration Forum answers common questions about who is liable for what — and when — under pending fraud liability shifts.

Blockchain mobile wallet app error leads to users sharing a single wallet

Bitcoin mobile wallet app Blockchain is currently dealing with an error that led to several Android users sharing a single wallet, leading to a loss of funds.

PCI Council publishes PA-DSS revision

The new release addresses vulnerabilities in the SSL encryption protocol that can put payment data at risk.

SimplyTapp leads charge in Asia for HCE mobile payments

SimplyTapp, PromptNow and TIS have created the Asian Payments Cloud initiative to bring the first end-to-end, cloud-based payments products to the banking and financial services community in the APAC region.

Mitek acquires IDchecker for mobile identity services

The deal is worth $10.6 million, of which $5.85 million will be payable in cash.

NTT Docomo joins FIDO Alliance

Company is the world's first mobile network operator to deploy FIDO authentication throughout its network.

Gemalto to secure BancNet's mobile services

Gemalto's Ezio Authentication Server and Mobile token will enable BancNet customers to pay their bills, check account balance, and transfer funds from their accounts with any member bank, using their computers and mobile devices.

Korean mobile payments company chooses Intercede for app security

Interpay said in an announcement its TZ OTP application uses two-factor authentication and signing to secure m-commerce and banking transactions.

Oberthur to help power Samsung Pay in Europe later this year

Contracting with Samsung and Oberthur, banks will be able to offer their NFC payment card in the Samsung Pay application.

Trade groups collaborate to promote biometrics for digital services

The Biometrics Institute, Mobey Forum and Natural Security Alliance will hold its inaugural meeting July 1 in Paris.

Hackers exploit Starbucks mobile payment app

The issue goes back as far as December, according to a published report.

FIS works with industry groups on EMV migration for merchants

FIS said its Clear2Pay open test solutions played an important role in creating the U.S. EMV VAR Qualification Program.

Issuers believe shift to chip cards will be almost complete by 2017

Eight financial institutions, representing approximately 50 percent of the total U.S. payment card volume, estimate that 63 percent of their credit and debit cards will contain EMV chips by the end of this year, expanding to 98 percent by the end of 2017.

Harbortouch selects Verifone for contactless EMV terminals

Harbortouch will use Verifone's VX 520 countertop payment terminal in combination with the VX 805 PIN pad to accommodate EMV and contactless NFC payments.

Industry organizations work to simplify EMV transition

Payments Security Task Force, PCI Security Standards Council and the EMV Migration Forum have launched educational and prequalification tools for resellers and software vendors.

Digital Insight FIs to get Apple Touch ID for mobile banking apps

Apple's biometric feature will be generally available later this year to Digital Insight financial institution customers.

Bitcoin mobile wallet provider selects Intercede for security

Intercede said by securing the wallets with the secure Trusted Execution Environment already present on many leading devices, the app, along with data and transactions made by it, is protected against threats that may be present on the handset.

Heartland partners with PAX for EMV-enabled terminals

Heartland will also equip the devices with its end-to-end encryption and tokenization services.

Apple Pay outperforming PayPal, according to consumer survey

Apple Pay is the top choice in terms of mobile payment applications consumers plan on using going forward.

'A minimal portion of the actual damages incurred'

Through their court-appointed lead counsel, FIs are lambasting the proposed $19 million settlement agreed upon by MasterCard and Target.

Verifone enlists Thales to protect card data

Verifone now uses Thales nShield hardware security modules for its end-to-end payment encryption product.

Apple Pay poised to debut in Canada

Apple is reportedly is negotiations with Canada's major financial institutions to launch Apple Pay in the country later this year.

Discover gives cardholders new fraud prevention tool

Freeze It that acts like an on/off switch to stop new purchases from being made with a cardholder's account.

Trade group updates specifications for NFC tags

Signature RTD 2.0 provides developers with a way for users to verify the authenticity and integrity of data within NFC Data Exchange Format (NDEF) messages, the means by which NFC devices and tags exchange information.

Study: New cyberthreats come in old packages

A Verizon report says that cyberattacks are increasingly sophisticated, but they're still carried out using the same old delivery techniques — phishing and hacking. Will we ever learn?

Elavon SDK update enables merchants to accept Apple Pay

Elavon said the Commerce SDK comprehensive kit also accelerates a business' ability to implement a secure, EMV-compliant payment product.

Trustonic, Mobeewave partner to enhance mobile payments security

The companies said the partnership allows Mobeewave-enabled NFC devices to achieve best-in-class security for accepting contactless transactions with a mobile device.

Long John Silver's reels in Ingenico for POS upgrade

The Ingenico product will enable 580-plus Long John Silver's U.S. locations to accept both magnetic stripe and EMV cards, and will provide a platform for NFC mobile wallet acceptance in the future.

Early Warning, BioCatch partner on fraud prevention for FIs

Financial services organizations can now acquire and share behavioral intelligence to improve visibility of digital threats and reduce new account fraud and account takeover.

Optimal Payments integrates Jumio's ID authentication service

Jumio's Netverify product converts the customer's mobile device camera or webcam into an ID scanning terminal.

Inside Secure to provide security for Hong Kong OEM

The security company will work with Yulong Coolpad on the manufacturer's flagship Android phone.

Early Warning bolsters mobile fraud offerings with Authentify acquisition

Founded in 1999, Authentify provides phone-based, multifactor authentication products.

Ingenico, Intel to work on products for the Internet of Things

The companies will jointly develop a mobile tablet that supports EMV and NFC payment functionalities.

'Look Ma, no hands!' Apple patents button-free facial ID

The company has been granted a U.S. patent for technology that employs facial recognition to unlock and lock a device — entirely without the use of buttons.

Verifone, Heartland strengthen relationship

Heartland said it will immediately make available Verifone's EMV and NFC-enabled VX 520 payment terminal and VX 805 PIN pad with Heartland Secure E3 end-to-end encryption.

Ingenico preps merchants for EMV migration with new products

The point-of-sale provider announced two new additions to its line of products to help retailers and restaurants ease into chip card acceptance.

Wincor Nixdorf introduces Albert to Australia

The new mPOS terminal features an Android platform that adapts to customer needs and provides real-time analytics and business insights, Wincor says.

Contact Solutions intros customer service options across channels

MyTime 3.0 offers enterprises an entirely new way to proactively engage customers.

FIS adds biometric access to ATMs

FIS said is the first provider to offer fingerprint access to its Cardless Cash ATM application.

Bell ID powers ANZ's HCE mobile wallet

The project, for the New Zealand division of ANZ Bank, will bring contactless mobile payments to the smartphones of more than 120,000 ANZ customers.

MasterCard qualifies firms' PVT product for EMV and NFC

The test tool is intended to help issuers, card manufacturers and personalization bureaus speed up certification and launch of contact and contactless EMV card and NFC payments projects.

CardFlight takes off with EMV mPOS

The EMV-ready card readers pair with CardFlight's SwipeSimple mobile POS product.

InAuth raises $20 million to enhance mobile fraud services

InAuth said the investment comes after a year of record growth in which the company added four of the five largest U.S. banks as customers.

Report: Global revenues in biometrics expected to rise in 2015

ABI Research forecasts $3B in global revenues this year with much of the growth coming from smartphone solutions.

Accel debit network completes its first tokenized transactions

The ability to accept tokenized transactions will allow Fiserv clients on the Accel network to accept debit payments via Apple Pay.

Payleven partners with GBGroup for ID verification

The London-based mPOS provider will use GBGroup's product to onboard new merchants.

Card issuers reluctant to leapfrog merchants on EMV migration

Banks hesitate to put chip cards in customers' hands if retailers haven't upgraded their terminals to process them.

SIMalliance to host workshop for banks and NFC service providers

The organization will host a free-to-attend, half-day interactive workshop ahead of CARTES Secure Connexions America 2015, in Washington on May 4.

UK bank hopes to get to the heart of secure authentication

​The Halifax is testing the Nymi Band, a wearable device that authenticates its owner using an electrocardiogram.

India's central bank drafts contactless guidelines

NFC payments up to 2,000 rupees ($32) in value would no longer require two factor authentication under the proposed rules.

Swiss company brings 3D facial authentication to smartphones

OneVisage said its SelfiLogin product is meant to eliminate the two-step authentication process that it believes is the cause of transaction cancellations.

MasterCard drives Egyptian ID linked to mobile money

MasterCard will work with the government to roll out a digital ID program that links citizens' national ID to the existing national mobile money platform.

Agilysys, Compass supply mPOS products to dining facilities

Agilysys and Compass Group North America introduced the products in the Café 2400 dining facility at the company's corporate headquarters in January and will be rolling out to other locations nationwide later this year.

Bulgarian bank to launch mobile payments with MeaWallet tech

The service is based on virtual payment cards using cloud-based security and host card emulation.

Proxama adds new division to tackle mobile marketing and payments

Product will enable card issuers and financial institutions to implement services such as tokenization and mobile NFC payments.

ValidSoft, FICO anti-fraud partnership scores another win

The companies have teamed up to address a growing threat from fraudsters who redirect mobile calls and texts in order to defeat authentication systems.

Firms seek to secure bitcoin wallets, e-commerce apps on Android

Intercede and Rivetz partner to enable software developers to integrate a security product into their apps.

Carta Worldwide launches cloud-based payments and tokenization

Company claims its the first such service for banks and mobile wallet service providers.

G&D offers white label mobile cloud payment service for FIs

The Convego CloudPay payment service provides secure mobile transactions, Giesecke & Devrient says.

EMV Migration Forum announces new leadership

The EMV Migration Forum recently announced a new slate of officers and steering committee members for 2015–2016.

Transfast latest entrant into mobile remittance market

Company's app features Apple Touch ID and scan technology for added security.

Oberthur powers Polish bank's new HCE-enabled mobile app

Getin Bank customers at the end of the first quarter will be able install the wallet and register their Visa mobile card.

Two UK banks add Apple Touch ID

RBS and NatWest have become the first financial institutions in the region to add fingerprint sensor functionality to their mobile banking apps.

White House info sharing plan wins favor with ABA

The group encouraged Congress to craft legislation that protects merchants against frivolous lawsuits when voluntarily sharing information. .

Kaspersky ties Carbanak cybergang to $1B bank heist

A combined effort by Kaspersky Lab and various legal authorities has uncovered as much as $1 billion in cybertheft from financial institutions worldwide.

MasterCard plans $20M spend to fight cyberthreats in 2015

Cybersecurity measures such as biometric protection for mobile apps and early warning alerts on potential threats lead spending priorities.

Visa to eliminate 16-digit account number for remote purchases

The move expands the company's Visa Token Service, which is intended to protect sensitive card information.

In cash we trust: UK consumers see hard currency as most secure payment method

They're using more payment methods than ever, but by a wide margin, Brits still place the greatest confidence in cash.

Cellum plays nice with developers and opens API to third parties

Product uses a proprietary method of tokenization and data fragmentation to store and access cardholder data.

Contactless payments, US EMV migration power sharp increase in smart card growth

The US accounted for 185 million smart cards shipped in 2014, compared with just 30 million in 2013, the Smart Payment Association says.

Jumio adds biometric tech to mobile consumer verification product

The company's Face Match feature compares the customer's live face against a photo ID to produce a 'likelihood-of-match' score.

PCI Security Standards Council: Beware of 'Ghost'

The warning follows a US Department of Homeland Security alert about a critical software vulnerability that poses a serious risk to computer systems.

Kaspersky Lab secure scanner app detects malicious QR codes

The mobile app scans a QR code and checks it against known malicious links. If the code is suspect, the app will send a warning notification to the user.

On Track Innovations launches countertop card reader with EMV, Apply Pay support

According to the company, the new TRIO Countertop is designed to address the fast growing market for EMV-compliant cashless payment readers.

Omlis touts new mobile security partnerships

Company said it has secured $31 million in contracts to implement its services with various partners over the next five years.

Report: Mobile commerce fraud increased in 2014

Revenue that mobile commerce merchants lost to fraud spiked 70 percent in 2014 to 1.36 percent compared with 0.80 percent in 2013.

Vend adds iZettle's EMV card reader to Register iPad app

The companies are announced a limited promotion for customers who sign up in January and February to receive a free chip and PIN card reader and free transactions for their entire first month.

Xoom adds Touch ID to mobile funds transfer app

Company also reports seeing high volume coming from mobile devices.

Integrity now offers CardFlight mPOS to its merchant customers

The SwipeSimple product includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and admin dashboard for merchants, and a reseller portal.

USAA adds biometric recognition to mobile banking app

All stateside members will soon have the option to use their voice or face to quickly and securely access their account information, the FI says.

Verifone announces multiple mPOS initiatives for retailers

Company also puts emphasis on contactless and EMV acceptance.

CallUp releases new SIM management system for MNOs

The product enables cellular operators to manage files and applets on subscribers' SIM cards.

UL to assist First Data with EMV migration for merchants

The companies introduced a product intended to give large and mid-size merchants with integrated POS systems a one-stop EMV migration and certification solution for all major payment networks.

Bluefin and IRG reach pact on encryption services

Bluefin's PCI-validated P2PE solutions secure card transactions by encrypting all data within a PCI-approved point of entry swipe or keypad device.

EMVCo to develop 3DS 2.0 spec for card-not-present payments

An enhanced EMV 3DS 2.0 specification will support additional data available during the transaction to enable more intelligent risk-based decisioning.

COMPRION joins EMVCo to help test mobile payments

Company will assist association as a Technical Associate to offer its experience and expertise in detecting communication problems of the contactless interface used for mobile payments.

Bluefin receives PCI validation for mobile encryption product

Company's Mobile P2PE product will interface with its QuickSwipe mobile point-of-sale system, using Infinite Peripherals' PCI P2PE-approved Prima M mobile swipe device.

Worldpay closes SecureNet acquisition

SecureNet provides a cloud-based product to integrate point-of-sale, mobile and ecommerce payments processing, inventory management and data analytics for merchants.

ShopKeep giving away free readers for Apple Pay and EMV acceptance

The device, powered by Ingenico Mobile Solutions, connects to the ShopKeep register app via Bluetooth.

First Data and Verifone partner to fight consumer payment data theft

First Data will offer Verifone's Secure Commerce Architecture (SCA) to provide safer, streamlined transactions and expedite EMV integration in the United States.

Bluefin finds distribution partner for encryption product

Priority Payment Systems to provide Bluefin's PCI-validated point-to-point encryption product to its merchant clients.

SIMalliance updates OMAPI specification

Requirement specifies how mobile applications may access different SEs, including the UICC and embedded SEs, within a mobile device

AndroidPay could be a thing in China next year

China UnionPay reportedly working on a system like Apple Pay that combines fingerprint authentication and NFC.

KPMG says payment security issues will impact holiday shopping

More than half of consumers are either unsure or not confident at all in the security of their personal information when shopping both in-store and online.

US smartphone owners want to use Apple Pay and Google Wallet

Survey found some 30 percent of respondents want to use the mobile wallets but are unsure where they're accepted.

GSMA spills details about Mobile World Congress Shanghai

Conference will focus on how mobile technology is revolutionizing and enhancing every aspect of individuals' lives.

Mobey Forum examines bank attitudes on HCE

Seventy percent of respondents to a survey said they are keen to outsource mobile product development to third parties.

Venmo adds new features to mobile app

Company updates app to provide extra layer of security for iPhone users.

Trade association set to host mobile payments session in DC

The Merchants Payments Coalition wants to educate Congress members and their staffs about upcoming innovations in payments.

Square begins pre-orders for EMV products

Company will release a standalone chip card reader for $29 and a Square Stand accessory for $39.

Infobip touts data protection certification

Company used recent investments to enhance its security efforts.

Amex intros tokenization, HCE services

The token service is available in the US, and international rollout is expected to begin in 2015. HCE specifications are available today globally.

ROAM updates mPOS application

The new version of its application features a completely redesigned user interface and claims it is the first and only native tablet application for both iOS and Android that supports all mobile payment transaction types and all acceptance methods.

It's November — peak season for card fraud

Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.

QVC shoppers get one-touch checkout in update app

The new app will give customers the option to log in to their QVC accounts on all iOS 8-enabled iPhone 5S, 6 and 6 Plus mobile devices. ​

Organizations not prepared adequately for targeted cyberattacks

A Kaspersky Lab study finds that although businesses know the threat is real, they aren't doing enough to protect themselves against targeted attacks.

Singapore's goSwiff intros new mobile products

The platform is designed to maximize revenue and customer loyalty via the increasing number of channels through which customers make purchases today.

FIME urges financial industry to add NFC along with EMV

The company says the financial industry should expect growing consumer demand for contactless following the rollout of Apple Pay.

Encap platform incorporates Apple Touch ID for mobile banking apps

Fingerprint security joins PIN entry, device location and user behavior as options for user authentication in mobile banking applications.

Security companies form pact for mobile authentication

The Feedzai and Encap Security announce partnership is designed to support banks and merchants in making modern banking and commerce safe.

Staples investigating possible data breach

Has POS malware become an 'easy button' for payment card data theft and counterfeiting?

Bell ID launches Tokenization Manager software

The company said the product will be used by card issuers and merchants to enhance security and limit fraud by facilitating tokenized payments.

Optimal Payments hits the UK and Ireland with mPOS products

Company has partnered with Handpoint for chip-and-PIN devices.

Jumio intros new scanning tech for mobile retailers

BAM Checkout's embeddable product is intended to provide a simple checkout experience by enabling users to bypass nearly all manual key entry when completing a mobile purchase.

MasterCard, Zwipe team up to roll out first-ever biometric contactless payment card

Biometric authentication replaces PIN entry, enabling cardholders to make contactless payments in any amount, unlike current NFC-enabled payment solutions.

Nearly 40 percent of US mobile banking users worry about identity theft

Not surprisingly, older users of mobile banking apps are more fearful than younger users about having their mobile banking data hacked.

Almost half of Americans are likely to avoid retailers affected by data breaches

This holiday season, almost half of Americans are likely to avoid shopping at stores that were affected by data breaches over the past year.

Expect 47% of US terminals to be EMV-enabled by 2016

The estimates are based on forecasts provided by acquirers representing approximately 80 percent of U.S. purchase volume.

US gov't to introduce EMV for EBT cards

Following on high-profile data breaches originating at POS terminals, the Obama Administration is reportedly taking measures to ensure the security of electronic benefits payments data.

FIME partners with Russian plastic cards software provider

FIME said its relationship will enable Pronit to combine FIME's global portfolio of services across the contact and contactless EMV and mobile payments landscape.

New Zealand JV set to pilot mobile wallet

Credit and debit cards available in the Semble mobile wallet include ASB and BNZ cards and a number of Air New Zealand Airpoints earning GlobalPlus cards.

Nok Nok Labs adds Apple Touch ID support

The FIDO Ready NNL Multifactor Authentication Client now supports the public Touch ID API, released in iOS 8, on the iPhone.

Kickstarter campaign to feature three-tier Bitcoin wallet product

BitStash generates three tiers of BIP32 crypto currency wallets: a mobile wallet, a device wallet and a cold storage wallet.

Mobile Payments Today publishes State of the Industry report

MobilePaymentsToday.com surveyed consumers in the U.S., U.K., India and Brazil to discover how they are adapting to the growing mobile payments industry. Our fourth edition is available in five versions.

Nok Nok Labs intros new mobile security product

Verification tool is meant to protect against malware attacks and provide strong consumer protection.

VeriFone brings mPOS to Peruvian merchants

A MasterCard acquirer in Peru will deploy the EMV-capable devices to merchants over the next 15 months.

Data breach extends beyond Jimmy John's to other restaurants

Data breach extended beyond 216 Jimmy John's restaurants to include 108 other restaurants.

Circle opens access to bitcoin digital wallet

Boston-based company intends to make buying and spending the cryptocurrency an easier experience for consumers.

VeriFone's unattended payment devices certified for Interac contactless debit

VeriFone Systems Inc. announced its UX Solutions series of unattended payment devices has achieved certification to be Canada's first and only contactless debit payment solution for the Interac Flash 1.5 contactless payment specifications, according to a press release.

Norwegian security company releases app in UK

Promon Shield is meant to stop malware attacks when consumers use their smartphones for activities such as mobile banking.

Jimmy John's confirms data breach

Intruders gained access to data via stolen POS login credentials.

Boston Fed identifies tokenization as key mobile payments feature

Mobile workgroup believes the security protocol should instill confidence in a payments environment challenged by frequent data breaches and other payments fraud activity.

Alipay adds fingerprint authentication to mobile wallet

Company partners with Nok Nok Labs for biometric payments on the Galaxy S5 smartphone.

Home Depot data breach comes into focus

The account information for 56 million payment cards was compromised in a malware attack that lasted five months.

Flint Mobile intros new app features

Team Accounts feature enables multiple users within an organization to use a single Flint account to accept payments, create invoices and send Apple Passbook coupons from their smartphone.

Trade association set to discuss NFC ecosystem in London

SIMalliance, the global nonprofit industry association that promotes secure element implementation to drive secure mobile services, will bring together a number of experts from across the NFC ecosystem in October.

Fiserv gets into Apple Pay act with expanded tokenization availability

Technology provider expands mobile payments product portfolio to include tokenization capabilities.

Home Depot confirms data breach

Retailer is still in the process of determining the scope of the intrusion, which first began in April.

Apple to use NFC, tokenization in new iPhone and iWatch, according to report

Devices will work in tandem to share tokens to verify payments.

ATMIA publishes global position paper on Bitcoin ATMs

The paper maintains that regulators might see Bitcoin in a more positive light if it were to align itself with an established global industry organization such as ATMIA.

Alipay, Huawei intro biometric-based mobile payments

New smartphone will use a fingerprint scanner to confirm payments made through Alipay's wallet app.

Verizon Wireless chooses Danal for secure mobile transactions

Danal's Mobile Identity platform connects real-time with Verizon systems to provide merchants with capabilities such as device identification, fraud prevention, and consent-based mobile account details.

Russian hackers steal massive amounts of customer data from US banks

The intrusion bears the hallmarks of political posturing; its timing corresponds to the enactment of sanctions against Russian banks and stolen information has not been used for fraudulent transactions.

Swisscard flips switch on mobile authentication

Entersekt's mobile application provides an addition to 3D Secure protection of online purchases.

Zumigo closes $6 million in financing round

Intel Capital leads latest funding round for mobile device location and identity verification company.

Australian bank to add Apple TouchID mobile app access

St. George Bank plans to release the feature next month once Apple updates its mobile operating system.

What can 'Brown' do for data theft victims?

The UPS Store has notified customers of a potential data compromise occurring at 51 franchised locations between Jan. 20 and Aug. 11.

Boston Fed provides update on mobile payments

Mobile Payments Industry Workgroup said industry and regulators are still trying to come to a common understanding about the different mobile technology solutions and how they impact the payments system.

Zumigo mobile tech joins Wells Fargo Startup Accelerator

Zumigo Corp., a provider of mobile device location and identity verification solutions, is an inaugural member of the Wells Fargo Startup Accelerator, launched today by Wells Fargo & Co., Zumigo announced today. Wells Fargo is exploring Zumigo's mobile location intelligence...

Oberthur acquires security company

NagraID Security SA develops and markets powered display cards to secure access to the cloud.

Quisk secures patent for mobile security

Feature enables consumers to lock their digital cash account anytime, anywhere to prevent unauthorized use.

CFPB issues advisory on digital currency risk, invites consumer complaints

The CFPB has previously shown an inclination toward rule-making in response to consumer complaints; now it has Bitcoin and other digital currencies in its sights.

New PCI SSC guide recommends measures for third-party security assurance

The PCI Security Standards Council guide can help organizations and their business partners better understand their respective roles in securing card data.

Gemalto buys data and software protection company

The security company has acquired US-based SafeNet, a provider of enterprise data protection and software rights management solutions, in an $890 million deal that will close in Q4.

Former FBI executive assistant director to deliver keynote at ATM & Mobile Innovation Summit

Shawn Henry, now the president of tech security firm CrowdStrike, will discuss the grim realities of today's hacking environment; his team of security experts will follow up with a live demonstration.

Research: 'Preparing for 2015: The Year of the Liability Shift'

A new Mercator research note explores factors influencing the willingness, motivation and speed of payments players in implementing EMV technology.

Department of Homeland Security warns retailers of new POS malware

Backoff uses a variety of methods to compromise the POS, including keylogging and injecting malicious code into explorer.exe. That second one is particularly nasty because it means the exploit will still be there if the machine is turned off or rebooted.

Ingenico to deploy Canada's first EMV and contactless mPOS product

Ingenico Group announced Thursday that Moneris Solutions Corp., Canada's largest credit and debit card processor, has selected Ingenico to deploy Canada's first EMV and contactless mobile product, according to a press release.

Smart chip tester FIME expands Chinese presence to help firms with NFC devices

Advanced secure chip testing provider FIME announced this week it has expanded activity in China through a distribution partner with Flash Technology, according to a press release. The partnership, which has seen Flash Technology support local manufacturers with FIME's automated...

Croatian bank tests HCE mobile payments with American Express

PBZ is the first American Express card-issuing partner to test HCE on the American Express global network.

Minnesota Twins partner with US Bank for mobile app credit card promotion

The Minnesota Twins and U.S. Bank are testing a new mobile app that enables fans to apply for a Minnesota Twins Rewards MasterCard by snapping a photo of a driver's license with the camera of an Apple iPad, according to a press release.

Latest Apple rumor has company in talks with Visa, others

Expect Apple mobile wallet rumors to come fast and furious over the next six weeks as the iPhone 6 (and iWatch) approach on the horizon. The lastest rumor is from The Information, which reports Apple is discussuing a mobile payments...

LoopPay secures investment from Visa

LoopPay, a mobile wallet platform provider, today announced it has received an investment from Visa, according to a press release. The investment is part of a larger strategic funding round for LoopPay, announced earlier this month, which includes Synchrony Financial...

Visa launches new tools to secure payments from Internet-connected devices and wearables

Visa Inc. today announced the creation of Visa Digital Solutions, what the card company said is a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables. Visa in the press release cited...

Risk management company expands coverage of AML product for cryptocurrencies

IdentityMind Global, a provider of risk management and payments products, announced today in a press release the international expansion of its anti-money laundering solution for Bitcoin and altcoins, including their low-cost Ignite program for Bitcoin startup companies. With its newly...

Consumers recognize mobile wallets, but security concerns prevent widespread use

The majority of U.S. consumers recognize digital wallets as an alternative to cash-based transactions, but use remains at less than one-third thanks to security concerns, according to a new study from Thrive Analytics.

ACI Worldwide to acquire Retail Decisions to boost CNP fraud prevention

ACI Worldwide, a global provider of electronic payment and banking products, and Retail Decisions (ReD), a fraud prevention company, today announced that they have entered into a definitive transaction agreement, according to a press release. Under the terms of the...

Zooz closes $12 million investment round

Zooz, a smart payment technology provider, today announced that it has closed a $12 million round of investment. The round was led by Blumberg Capital, with participation by existing investors including XSeed Capital, lool ventures and Rhodium, as well as new investors Access Industries and Camp One Ventures.

Mexican mPOS provider raises $1 million in latest seed funding round

Sr. Pago (Señor Pago), one of the two largest mobile point of sale services in Mexico, today announced the closing of a seed round of $1 million in funding that includes Silicon Valley tech veterans Jay Adelson and Barrett Lyon, according to a press release.  The company's latest round of funding comes after last month's launch of the Sr.

Gemalto can issue new PINs via SMS

Gemalto last week announced it has supplied a complete software, platform and service solution that securely issues PIN codes associated to LCL payment cards directly to customers via SMS, according to a press release. This new Allynis eService offer is...

Mobile security company XRomb announces patent for entering payment card details

XRomb Inc., a mobile and Web commerce security company, this week announced that the U.S. Patent Office has issued it a patent that covers what it describes as "the most user-friendly way" of loading credit card information into mobile-commerce applications...

Study: Card fraud victimizes one in four consumers worldwide

According to a fraud study of more than 6,100 consumers across 20 countries, one in four consumers has been the victim of card fraud within the last five years. The study, conducted by ACI Worldwide and Aite Group, also indicated...

EBA warns banks to stay away from virtual currencies for now

European financial institutions should avoid dealing with virtual currencies such as bitcoin until there are proper regulations in place, the European Banking Authority warned in a document it released on July 4. The authority did admit in the document virutal currencies have their benefits, but the risks involved far outweigh them.

Mobile security company Omlis expands presence in Latin America

Mobile payments technology provider Omlis announced Monday that it has further strengthened its presence in the Latin American mobile payments arena with a strategic partnership with Stratus Technologies Mexico, the leading provider of infrastructure-based electronic payment systems in Mexico, and...

GAO recommends CFPB examine Bitcoin

The U.S. Government Accountability Office wants the Consumer Financial Protection Bureau to keep a keen eye on Bitcoin and other virtual currencies as their use by consumers continues to grow. The GAO is most concerned about the risks involved with...

AT&T piloting location authentication for bankcard transactions

AT&T plans to pilot a new service that it says will arm companies with the ability to confirm the location of participating customers who opt in to advanced fraud protection when they travel internationally. Businesses will gain the ability to...

NFC ecosystem to get a boost from HCE, trade group says

SIMalliance has highlighted that future growth of the NFC ecosystem and NFC-based applications, resulting from host card emulation (HCE), is likely to expedite SIM-based NFC payment deployments and create opportunities for mobile network operators (MNOs) to address the security and...

Trade groups collaborate to tackle NFC, Bluetooth integration

The NFC Forum, a non-profit industry association that advances the use of Near Field Communication technology, and the Bluetooth Special Interest Group (SIG), the trade association responsible for the development, promotion and protection of Bluetooth technology, today announced the publication...

Jumio brings its Netswipe product to the mobile Web

Jumio, a mobile credentials management company, today released Netswipe for Mobile Web, the next version of its Netswipe card scanning technology that is designed to improve the customer experience and increase conversion rates for purchases made on connected devices, the...

Taiwanese officials question security for text-based mobile payments

Taiwanese lawmakers are questioning the National Communications Commission's policy that requires two-way authorization when consumers make mobile payments involving small-ticket items. Regulators concluded the procedure does not reduce fraud enough, according to a report in the Taipei Times. The commission...

Swish Payments adds another PCI certification for mPOS device

Global mobile commerce solution provider Swish Payments, which recently launched their chip-and-PIN mobile point-of-sale card reader, announced they have successfully secured PCI PTS 3.1 certification, including SRED, according to a press release. The Swish chip-and-PIN card reader works in tandem...

Gartner: 75% of mobile security breaches will result from misuse, misconfiguration

With use of smartphones and tablets on the rise and sales of traditional PCs on the decline, attacks on mobile devices are maturing, says IT research and advisory firm Gartner Inc. By 2017, the focus of endpoint breaches will shift...

Revised blog guides businesses on PCI compliance

Payment security and compliance solution provider ControlScan announced today it has launched an all-new version of its popular blog, PCI Compliance Guide. Merchant service providers and small to mid-sized businesses regularly visit the website, located at www.pcicomplianceguide.org, to educate themselves...

SumUp expands in Europe as it releases proprietary mobile chip-and-PIN reader

Mobile point-of-sale company SumUp today announced the launch of what it called the first proprietary mobile chip-and-PIN device of an mPOS provider in Europe. The device, called PIN+, is available in Poland and Switzerland as of today before being rolled...

Engineers develop facial-recognition product using NFC

A group of engineers and designers from Logic PD created a point-of-sale facial recognition system that uses NFC to help combat card fraud during a recent company hack-a-thon, according to a press release. The solution, a multi-modal security platform for...

Sweden's MeaWallet adds additional verification method

MeaWallet this week signed a deal to use the Swedish mobile bankID as a method for mobile authentication and verification of mobile financial transactions, according to a press release. The partnership means MeaWallet and its affiliated service providers will be...

Companies begin march toward PCI DSS 3.0 compliance

Global mobile commerce services provider Cellum announced today it has become one of a handful of firms worldwide to have adopted the latest Payment Card Industry Data Security Standard, PCI DSS 3.0, according to a press release. The new standard...

LifeLock pulls Wallet due to PCI concerns

LifeLock pulled its Wallet from mobile application marketplaces late last week because the company found certain aspects may not be fully compliant with Payment Card Industry security standards. Chairman and CEO Todd Davis made the revelation on the company's blog....

North American Bancard deploying Moki's processing platform

Moki, a mobile app security and operations company, today announced it has partnered with North American Bancard to secure and manage its mobile point-of-sale solutions for in-store payment processing, according to a press release. NAB is delivering its new mobile...

NFC Forum publishes new specifications

The NFC Forum today announced the public availability of new versions of nine technical specifications, following approval by the Board of Directors. The organization said in a press release the new versions are intended to deliver greater interoperability, faster read-and-write...

ControlScan seeks to improve BYOD security

ControlScan announced that it has partnered with iScan Online to address the security issues caused by consumer-grade mobile-device use in the small to mid-sized business environment, the company announced in a press release. Widespread, business-level adoption of tablets and smartphones...

Equifax partners with Jumio to combat mobile abandonment

Equifax Inc. today announced a partnership with Jumio in which the companies will work together to develop a series of products aimed at creating a more streamlined, secure mobile transaction process for both consumers and retailers. One of the biggest...

Poste Italiane secures mobile payments with CA Technologies

Poste Italiane, a provider of postal, banking, insurance and payment services in Italy, has implemented CA Technologies' CA AuthMinder platform to provide authentication services for its mobile payment app. The PostePay app allows customers to check their Poste Italiane bank...

China suspends virtual credit card and mobile QR code payments

The People's Bank of China, China's Central Bank, has suspended virtual credit card services and payments via code scanning, including mobile QR code payments, reported Chinese state press agency Xinhua. The PBoC has issued a notice to suspend Tencent and...

Digicash launches Beacon mobile payments using SEPA credit transfers

Luxembourg startup Digicash Payments has launched a pilot of Beacon mobile payments at the point of sale, enabling consumers to pay merchants via Single Euro Payments Area credit transfers, the company announced. The Digicash Beacons used in the pilot combine...

Vodafone Germany, G&D protect corporate mobile communications from attack

Düsseldorf, Germany-based mobile operator Vodafone Germany is offering SIM card-based email, document and device encryption to its corporate and public sector customers. The technology was developed by mobile security provider Giesecke & Devrient in collaboration with Vodafone, according to an...

M-commerce growth spurs merchant fraud fears

The fear of fraudulent attacks is growing alongside the growth of m-commerce, according to the second Mobile Payments and Fraud Survey from Kount, The Fraud Practice and CardNotPresent.com. "Not only are organizations now more likely to find that the fraud...

Mobile spenders spend more, but m-commerce held back by security fears

Mobile payments users spend nearly twice as much through digital channels overall than people not buying on mobile devices, according to a survey of 25,000 U.S. and European consumers carried out by consulting firm Bain & Company. However, concerns over...

Gemalto supplies microSD cards for Garanti's mobile contactless rollout

Garanti Bank, Turkey's second largest private bank, is set to roll out mobile contactless services and mobile wallets with support from digital security company Gemalto. Amsterdam-based Gemalto is supplying its Optelio contactless microSD card technology to Garanti, along with consulting...

MWC14: PayPal and Samsung announce biometric payments system

PayPal and Samsung are collaborating on a payments system that uses fingerprint authentication for mobile shopping, the two companies announced at the Mobile World Congress in Barcelona. Samsung also launched its fifth-generation Samsung Galaxy S5, which includes a fingerprint scanner,...

Royal Canadian Mint dips up MintChip security from SecureKey

SecureKey, a Toronto-based provider of trusted identity networks, has been selected by the Royal Canadian Mint to provide device security and user authentication for its MintChip cloud-based digital currency. The Royal Canadian Mint is currently running an employee trial of...

UK government innovation agency funds Voicekey m-commerce solution

Voice-based mobile authentication provider Voicekey has been awarded the second phase of a small business research initiative m-commerce contract by the U.K. government's innovation agency, the Technology Strategy Board. SBRI contracts are being promoted by the Home Office, the U.K.

Google acquires SlickLogin for mobile sound authentication

Google has acquired SlickLogin, a Tel Aviv, Israel-based company with patent-pending authentication technology that uses sound and mobile phones. When logging onto a website, the user's computer plays a unique sound through its speakers that is picked up and analyzed...

MagTek offers free queries to fraud prevention database

MagTek, a Seal Beach, California-based provider of secure payment technology, announced this week it will provide merchants with free access to its card authentication database, which stores the unique magnetic-stripe "fingerprints" of genuine payment cards. The company says the recent breaches of cardholder data at numerous U.S.

U.S. Bank pilots voice biometrics for credit card access

U.S. Bank is piloting voice biometrics for mobile login to credit card accounts.

Report: Most companies that accept cards fail PCI standards

A new Verizon report has found that too many businesses, following their annual assessment for meeting the Payment Card Industry Data Security Standard , fail to maintain ongoing compliance — putting the businesses at increased risk for data breaches, and...

UK non-bank payments more trusted than contactless and mobile card payments

Young people and Londoners are leading the way in adopting cashless payments in the U.K., according to research by Mintel. The U.K.-based market research firm also found that non-bank electronic payment methods such as PayPal are trusted more than contactless...

Target puts EMV migration on fast forward

This week, Target Corp. called for all stakeholders to take up the "shared responsibility" of payments security as it announced an accelerated timeline for its own $100 million EMV migration plan.

Oxford University spin-out develops secure mobile payments

Security protocols developed at the U.K.'s Oxford University with U.S. military funding are to be used to create a secure mobile payment app.

Community bankers say retailers should pay for data breaches

The costs of reissuing cards to customers after recent data breaches at major retailers should be borne by the party at fault for the breach, according to the Independent Community Bankers of America. The group today issued a statement for...

Retailers call for collaborative approach to fighting fraud

The National Retail Federation today urged Congress to take a comprehensive approach as it contemplates a national response to criminal cyberattacks in which millions of consumers' credit and debit card numbers were stolen. NRF said retailers are willing to do...

Mocapay reissues patents for POS integration, mobile marketing and payments

Mocapay has reissued patents for its single-use, perishable POS tokens for mobile transactions. Based in Denver, Mocapay provides technology for mobile marketing and payments. The company said its patented technology secures consumer mobile payment information while providing merchants with marketing...

Alfa-Bank, Kyivstar, Gemalto pilot Ukraine NFC mobile payments

Alfa-Bank Ukraine and mobile operator Kyivstar are to pilot Ukraine's first mobile contactless payment service, with technology from Gemalto. When the service is launched, customers will be able to use their NFC-enabled phones at the country's 22,000 contactless payment terminals....

Paydiant wins patent for smartphone-ATM transaction solution

Several months after rolling out a solution that enables ATM transactions from smartphones, the Boston-based mobile payments provider Paydiant has gained a patent on the technology. The cardless cash access solution has already been deployed by Wintrust Financial Corp. and City National Bank in partnership with FIS and Diebold.

Could Target security breach help VeriFone?

There's no shortage of media analysis about who might benefit from the data breach at Target Corp., which exposed credit card information from millions of shoppers. Investors and analysts are circling companies that could benefit from a major upgrade in...

Infinite Peripherals partners with Mercury for mobile payments

The mPOS system provider Infinite Peripherals has formed a partnership with Mercury Payment Systems, a payment service provider for small to mid-sized businesses. As part of the agreement, IPC has securely integrated its mPOS technology with Mercury's payment processing platform, MercuryPay.

Starbucks updates mobile app after reports of security threats

This week Computer World reported that the Starbucks mobile payment app — which has been widely embraced by consumers — stores passwords, user names and email addresses in plain text. Now the Seattle-based coffee chain said it has released a...

Wells Fargo launches Bitcoin consultative group

Wells Fargo has set up a group of experts to discuss rules of engagement with Bitcoin, according to the Financial Times. The group is made up of finance executives, virtual currency experts and representatives of the U.S.

US government sends warning letter to retailers about ongoing breach investigation

US government sends warning letter to retailers about ongoing breach investigation

Reuters reports that the U.S. government today sent a confidential 16-page letter to retailers, which it says "describes the malicious software and techniques used to attack Target Corp.

Personal mobile banking apps leak information

Home banking apps that have been adapted for mobile devices have created a significant security challenge for worldwide financial firms, according to research from IOActive. Forty mobile banking apps from the top 60 most influential banks in the world have...

Cybera tops 20K users of secure payment solution

Cybera Inc., a Nashville, Tenn.-based provider of network and application security services for clients such as Shell, ExxonMobile, O'Reilly Auto Parts and Samsonite, said it has reached 20,000 deployments of its payment ADN solution. An ADN — or application defined...

GlobalPlatform publishes contactless payments framework

GlobalPlatform has published a framework for end-to-end secure mobile services, focusing initially on contactless payments. GlobalPlatform is a cross-industry, not-for-profit association that develops and publishes specifications for secure chip technology. Members include card schemes as well as telecoms and technology...

Hoyos introduces biometric ID app for smartphones

Hoyos Labs, a start-up digital infrastructure company based in New York City, is demonstrating its HoyosID biometric authentication app at the CES exhibition that is currently under way in Las Vegas. The HoyosID app is designed to replace user names...

SuperCom buys back SmartID division from OTI

The growth in demand for electronic government identification technology has prompted SuperCom to buy back SmartID from the contactless payments firm On Track Innovations seven years after it sold the division to OTI. Rosh Pina, Israel-based OTI provides cashless payment...

European Banking Authority issues virtual currency warning

The European Banking Authority has issued a warning about the unregulated nature of virtual currencies such as Bitcoin, and the risk to consumers of buying, holding or trading these currencies. The EBA, a regulatory agency of the European Union, said...

Canadian consumer watchdog issues m-payments warning

The Financial Consumer Agency of Canada is warning Canadian consumers about the risks of malware and customer profiling associated with mobile payments. The financial services industry watchdog is developing information to help consumers understand how m-payments work and what their...

Spindle and iPayMobile team up for merchant-to-consumer credit

The U.S. mobile payments and marketing provider Spindle will add merchant-to-consumer credit services to its mobile offering via a strategic partnership with iPayMobile, a provider of merchant payment services. The partnership will enable Spindle and its merchants to offer enhanced...

Univ. of Arkansas researchers develop risk assessment tool for mobile POS

Univ. of Arkansas researchers develop risk assessment tool for mobile POS

The researchers studied 26 different retail scenarios and found that there is no "one size fits all" system.

What is privacy worth to mobile users?

How much would you pay for privacy when it comes to mobile phone usage? A recent study by two University of Colorado economists found that users were willing, on a per-app basis, to make one-time payments of $2.28 to conceal...

LifeLock adds Lemon Mobile Wallet to identity theft protection

The U.S. identity theft protection company LifeLock is enhancing its product offering with the $42.6 million cash acquisition of the mobile wallet provider Lemon. Lemon was set up in 2011 by Wences Casares.

Survey finds declining support for NFC

A survey by Compass Plus has found that although popularity for the mobile channel continues to grow among payments industry players, support for NFC is in decline. Since 2011, Compass Plus has surveyed delegates to the CARTES Secure Connexions exhibition...

Adyen launches mobile payments encryption solution

Adyen, a global multichannel payment processor, has launched the Easy Encryption Solution, which secures payment checkout on all desktop and mobile device types. The Amsterdam, Netherlands-based firm said the platform enables merchants to offer end-to-end security for their customers worldwide...

Chinese Central Bank bans banks from Bitcoin transactions

The People's Bank of China has ruled that Bitcoin is not a proper currency and has barred Chinese banks from handling it, Finextra reports. According to the site, the People's Bank of China said Bitcoin is a virtual good, not...

Intel integrates NFC reader into core processor for secure MasterPass payments

Intel, MasterCard and NXP Semiconductors are teaming up to deliver two-factor authentication via MasterCard-branded contactless cards for online payments.

Oberthur, mBank partner for mobile microfinance

Mobile branchless banking provider mBank has formed a partnership with MoreMagic, a subsidiary of the Paris-based digital security firm Oberthur Technologies. Amsterdam-based mBank is using MoreMagic's m:Wallet technology to provide mobile insurance, credit and loan products as well as mobile...

YESpay partners with PMC for secure point-of-sale mobile payments

YESpay International has formed a strategic partnership with retail technology specialist PMC to provide a PCI-compliant mobile payment application for retailers. YESpay, which develops payment card software applications, is based in Barnet, London, and has offices in Toronto and India....

HP, Accumulate widen mobile payments partnership

After launching a mobile payments scheme in Poland, Hewlett Packard and m-payments provider Accumulate are widening their partnership to enter new markets. The companies recently joined forces to integrate mobile payments solutions for PKO Bank Polski. HP offers secure processing...

ANZ trials voice biometrics for large-value mobile transactions

Australia & New Zealand Banking Group plans to use voice biometrics for authorizing large-value transfers to external bank accounts via its mobile banking service, according to The Sydney Morning Herald. The Australian newspaper said ANZ is still piloting the voice...

Netcall gets PCI certification, launches cloud-based payments solution

The customer engagement software provider Netcall has been accredited as a PCI DSS Level 1 Service Provider for its cloud-based payments solution, which has been deployed at an unnamed mobile operator in the U.K. The certification is the highest security...

Malware stealing Chinese mobile banking data

A Trojan virus in China is striking mobile phone users by intercepting inbound messages and lifting sensitive financial data, according to a story by Want China Times.

Oberthur Technologies rebrands to emphasize mobility

Oberthur Technologies has unveiled a new brand strategy and logo. The digital security provider has added a new baseline — The M Company — to its logo, and a new company identity that embodies the mobility space. The change, announced...

Smartphone camera can skim your PIN

As if worrying about a skimming device placed on your favorite ATM isn't enough, now consumers have to think about the prospect of their very own smartphone being used to steal their personal information. Using a program called PIN Skimmer,...

FIME gets OK to test Visa mobile payment app on secure element

FIME, an advanced secure-chip testing company, announced it has been accredited by Visa to deliver Visa Mobile Payment Application testing. The accreditation extends FIME's existing Visa payment card and terminal testing portfolio to also include the validation of a Visa...

Jumio updates card scanning tech for faster mobile checkout

The mobile payments credentialing company Jumio has added features to Netswipe, its credit card scanning and validation technology, including near-instant processing speed and more comprehensive card data extraction. With Netswipe, consumers use their mobile phone or computer camera to scan...

Medical manager turns to Bluefin for integrated payment processing solution

Bluefin Payment Systems, a financial technology provider of integrated payment solutions for software vendors, and Medtask, a cloud-based provider of practice management solutions for the medical industry, have partnered to provide integrated payment processing within the Medtask practice management platform....

New specs offer guidance for trusted UIs on mobile devices

GlobalPlatform, an association that standardizes the management of applications on secure chip technology, has published "Trusted User Interface API Specification v1.0." The technical document is aimed at software developers who implement trusted applications that reside in the trusted execution environment...

New Android OS lets Google Wallet work around NFC block

Confirming rumors, the new Android operating system that was released on Thursday supports Host Card Emulation, which will let Google work around carrier restrictions on its mobile wallet. Previously, the wallet needed access to the Secure Element, which is controlled...

Moven feature lets users suspend, reactivate lost debit cards via smartphone

Losing a debit card is stressful for obvious reasons, not the least of which is the process of having it deactivated. Then you have to wait for a new card — even if you find the lost one. The mobile...

Dutch police say phishers used Bitcoin to launder stolen funds

Cybercrime police in the Netherlands have arrested four men for allegedly stealing $1.4 million from banking customers and then using Bitcoin in an attempt to launder the funds. According to Information Week, the men are accused of employing the banking...

Mexican Coca-Cola bottler deploys mobile payments solutions

The white label mobile payments provider Mozido has deployed its enterprise platform with a Coca-Cola bottler in Mexico. The project with Bepensa Bebidas initially includes mobile top-up and bill payment for consumers, Mozido said in a news release, as well...

Phone security provider Payfone gets $10M from anti-fraud firm Early Warning

Payfone Inc. which provides mobile phone security, has raised $10 million from Early Warning Services LLC, according to Bloomberg News.

Lilitab teams with VeriFone for iPad POS kiosk

Lilitab LLC announced today that it has partnered with VeriFone Systems Inc. on the development of a new Apple MFi-certified self-service payment kiosk, the Lilitab Pro-V. The co-branded payment kiosk incorporates VeriFone's payment technology for secure transactions with Lilitab's patented Lilitab Pro tablet enclosure.

Firms that track shoppers via smartphones agree to code of conduct

Eight of the 10 leading location analytics companies have agreed to a new code of conduct in an effort led by U.S. Sen.

Bitcoin prices rebound after Silk Road closure

The digital peer-to-peer currency Bitcoin has seen its price bounce back after a market crash in April. The price on Mt.

New IBM solution offers two-factor authentication for Android devices

IBM has released a new solution that lets Android smartphone users authenticate mobile payments with a contactless card. The technology, based on near-field communication technology, provides an extra layer of security when using an NFC-enabled device and a contactless smartcard...

City National Bank will pilot FIS cardless cash access at ATMs

Banking and payments technology provider FIS and City National Bank, a private and business bank, have partnered to pilot FIS's Cardless Cash Access at City National ATMs in Los Angeles, New York City and San Francisco. The solution lets consumers...

New Jumio digital wallet infrastructure promises 'one-tap' verification

Jumio, the online and mobile payments and credentials management company, has launched a new secure embedded wallet infrastructure designed to integrate with mobile OS utilities such as Apple Passbook and the recently launched Samsung Wallet. The solution, Jumio PORT, was...

Cellum rolls out Motion QR tech at Money2020

The European mobile payments application developer Cellum has unveiled new technology to support ID and ticket presentation. At a news conference at this week's Money2020 conference in Las Vegas, the company said its new Motion QR is a breakthrough technology...

Tyfone adds P2P service for Colorado credit union; also testing Connected Smart Card

Tyfone, a secure mobile ID and transactions solutions provider, has integrated Acculynk's real-time person-to-person money movement service, Payzur, into the Tyfone-based mobile banking iPhone and Android applications adopted by Boulder Valley Credit Union in Colorado, according to a company announcement....

SIMalliance publishes Open Mobile API specs for public comment

SIMalliance, the global non-profit industry association that works to simplify secure element implementation, has published the first release of its Open Mobile API Test Specification for public consultation. Mobile industry stakeholders with an interest in the Open Mobile API are...

CorFire partners with Wirecard to enable NFC payments in Europe

The mobile commerce technology provider CorFire has announced a collaboration with the German payments provider Wirecard AG to allow near field communications service for mobile payments across Europe. Under the agreement, according to a news release, Wirecard's products and services...

Mobile banking app usage grows in Canada

By Robin Arnfield Contributing Writer A survey by BMO Bank of Montreal has found that mobile banking apps are growing in popularity in Canada. BMO said two-thirds of the 1,000 Canadians it surveyed in August have downloaded a mobile banking...

Jumio adds mobile facial detection feature to combat fraud

The mobile credentials management company Jumio Inc. has launched Face Match, a new capability available within its Netverify identity verification platform.

Webinar will look at increasing conversion rates on mobile apps

Mobile Payments Today and Jumio will present a live webinar, "How Travelocity Increased Conversion Engagement on its Mobile Apps," on Sept. 19 at 2 p.m.

Braintree enhances fraud protection based on purchasing behavior

Braintree, a global payment platform, has announced enhanced fraud protection for merchants that leverages purchasing behavior. The network effect will assist all Braintree merchants, including startups, the company said, shielding them from various threats and reducing their risk of fraudulent...

PayPal Australia will enhance fraud protection for retailers

As Australia pushes to bring mobile payments to its largest retailers by next year, PayPal will extend its seller protection guarantee to those retailers. The payments provider is looking to bolster its security credentials so Australian companies feel more confident...

New Giesecke & Devrient SIM card can handle multiple NFC applications

The German firm Giesecke & Devrient, which provides banknote and securities printing, smart cards and cash-handling systems, has released a new platform that allows a single SIM card to securely execute multiple NFC applications at the same time. The SkySIM...

Motley Fool sees Apple disrupting mobile payments, challenging PayPal

It would be nice if Apple went ahead and released the iPhone 5S already, so stories about whether the company is about to disrupt the mobile payments ecosystem can be put to rest. (If only putting speculation to rest were that easy.) At any rate, there is no shortage of opinions on either side of the question.

FTC official will talk payment regulation, trends at Washington summit

The Federal Trade Commission has staked out a leadership role in potential regulation of the mobile payments landscape. And in a keynote address at the first ATM & Mobile Executive Summit, Malini Mithal, assistant director, Bureau of Consumer Protection at...

Android weakness makes Bitcoin digital wallets vulnerable to theft

Digital wallets on the Android operating system are vulnerable to theft, according to Bitcoin developers. The warning, which was shared in a Sunday blog post, said the vulnerability occurs in an Android component that generates secure random numbers.

Will Apple's new iOS include a mobile payment option?

Apple's Passbook app can handle the management aspect of the digital wallet, but the company has stopped short of providing a full-fledged mobile payment app. But recent reports about the pending release of Apple's new operating system suggest that may...

New study identifies massive risks facing mobile payments

Just when you thought mobile payments might be gaining some credibility, risk analysts at U.K. consultant Riskskill have released what can only be called a sobering assessment of the global mobile payment market. "It is easy to plan for many...

Chinese cyber theft: What's the solution?

Verizon provides the information highway for more than 60 percent of the world's Internet traffic. And according to the company's annual report on cyber crime, 96 percent of cyber-espionage over the past year originated in one country — China. A...

The Clearing House to pilot new digital payment standard

The Clearing House, the oldest banking association in the U.S., is hoping to provide a solution for some of the newest issues facing payments, namely, how to handle consumers' information in a world of digital wallets. TCH announced it will...

Toshiba announces new NFC controller

If, as naysayers claim, NFC isn't going anywhere, don't tell Toshiba Corp. The Japanese handset maker announced the launch of a new NFC controller for mobile devices that will begin mass production in October. According to Toshiba's announcement, the market...

FIME presents 'The NFC security quiz'

Get out your Big Chief tablet and No. 2 pencil, because consulting and testing provider FIME has six questions for you about NFC.

Gemalto to provide TSM services for Japan's Softbank Mobile

Digital security provider Gemalto has been selected by Japan's SoftBank Mobile to help launch mobile NFC services in Japan by providing its trusted service management solution. This will be the third Japanese mobile operator to launch NFC services using Gemalto's...

Bell ID's new solution moves secure element to the cloud

Security provider Bell ID has launched a new product aimed at simplifying the provisioning of services that use NFC. The product, called Secure Element in the Cloud, manages the provisioning process in a secure remote environment instead of on the mobile device itself.

Will EMV technology make prepaids too expensive to issue?

Chip-and-pin technology in prepaid cards would have made the recent $45 million bank swindle virtually impossible to pull off, given that there would be no way to counterfeit prepaid cards using data swiped from online databases. And there's no question...

Merchants, Fed economist raise doubts about value of EMV in USA

At a recent NACHA payments conference in San Diego, three major retailers claimed that the move to EMV will impose huge costs for a minimal reduction in fraud rates. And in a recent paper, a Kansas City Fed economist questioned...

Survey: consumers want financial tools, coupons to adopt mobile payments

It's going to take a lot more than the ability to pay for something to get people to switch to mobile payments. This is according to a new survey by Accenture of 4,000 smartphone users in the United States and...

SmartMetric intros biometrics for NFC cards

SmartMetric Inc. has announced the successful incorporation of near field communication technology into its fingerprint-activated biometric chip card.

Consumers find some mobile retail technology 'creepy'

Retailers have plenty of mobile tech in their arsenal to beef up their approach toward an improved customer experience. But they might want to rethink how they approach deploying it. According to an article from ShopSmart, the magazine published by Consumer Reports, some of that tech could border on creepy, at least in the eyes of the consumer.

China to announce mobile payment standard soon

According to the Marbridge Daily, China will soon announce a specification for its national mobile payment standard. The standard, which has already been drafted, could come as early as this year. The news came out of last week's fifth annual China Mobile Payment Industry Summit in Beijing.

WorldPay US completes Visa EMV certification

Payment acquirer WorldPay US has successfully completed Visa EMV acquirer testing, a key milestone in preparing business owners to accept encrypted chip cards. The company said it's also on track to complete similar EMV certifications with MasterCard, Discover and American...

EMV Migration Forum committees report 'significant progress'

Following its March meeting, the EMV Migration Forum has announced significant progress on projects supporting the U.S. payment industry's move to EMV.

MokiMobility nets $2M in seed funding and partnership with Revel Systems

Mobile device management platform MokiMobility has closed a $2 million round of seed funding and announced a new partnership with Revel Systems. Revel is a provider of tablet-based point-of-sale units.

Dwolla hit by DDoS attack (UPDATED)

(UPDATED) Alternative payment provider Dwolla has been hit by a distributed denial of service attack that took the company's website down for a period of time yesterday. The website is back up but a post on the company's blog said...

G&D supporting mobile wallet from Telefónica Germany

Giesecke & Devrient has announced another key partnership, this time with Telefónica Germany. The digital security company said it is providing NFC SIM cards and trusted service manager services for new O2 Wallet from Telefónica Germany. This announcement comes a...

G&D securing Brazilian m-payment solution from PayPal, Vivo

Global digital security provider Giesecke & Devrient is providing its SmartTrust Mobile Transaction Gateway to the mobile payment solution launched by PayPal and Brazilian mobile network operator Vivo. The gateway will ensure that transactions are executed securely. The new mobile...

TELUS selects Gemalto's SIM cards for NFC services

Canadian telecommunications carrier TELUS has said that it will be using Gemalto's UpTeq NFC SIM cards to enable consumers to securely store data and payment credentials on their mobile devices. TELUS subscribers will be able to use their mobile devices...

FTC issues report on mobile payment security, privacy

Almost a year after holding a workshop on mobile payments, the Federal Trade Commission has issued a staff report on the issues it believes consumers and companies are dealing with when adopting mobile payment services. The report, like the workshop,...

Report: US not likely to meet EMV deadlines

Showing someone a road map is one thing; it's up to them to follow it. And it looks like U.S.

Payleven introduces Europe to its EMV mPOS solution

Mobile POS provider payleven announced the European launch of its chip-and-PIN solution. The new device is different from other mobile POS solutions that use a dongle connected to smartphone to read the mag stripe on credit and debit cards. The...

ASC X9 proposes exploring alternatives to EMV

Could there be an open, industry-based alternative to EMV? The Accredited Standards Committee X9 Inc. seems to think so. In a Jan.

TAS Group, B2 Payment Solutions partner on EMV migration services

TAS Group, a solution provider for EMV transaction acquiring, authorization and data preparation, and B2 Payment Solutions, a provider of consultancy, training and solutions for EMV and contactless payments, have entered an international reseller agreement. The arrangement is intended to...

MasterCard to share EMV solution with U.S. debit networks

MasterCard has announced that it is making some of the company's proprietary technology solutions available to other U.S. debit networks in order to facilitate migration to the EMV standard.

Javelin identifies top mobile, payment trends for 2013

Analysts at Javelin Strategy and Research have identified their top 10 transformational trends for 2013 in payments, banking, mobile and security. According to Javelin, the trends point to a constantly evolving financial services arena where mobile and social media are...

New application security model advanced by GlobalPlatform

NFC standards organization GlobalPlatform has announced that it is advancing its "Composition Model" to make it faster and easier for developers and product issuers to perform security evaluations on their NFC contactless apps. The GlobalPlatform Composition Model defines an easy...

Report: fraud threat to mobile payments to grow in 2013

Security is ever the worry with new technologies and this is especially true for mobile payments, where new technology meets financial access. Usually, as a technology matures, threats are gradually neutralized.

QSecure offers mobile-powered alternative to plastic cards

QSecure Inc has announced what it calls a solution for "breaking the mobile payment stalemate." It's IMAGO, a product that combines a "powered payment card" with an app for iOS, Android and Windows phones. A powered payment card is a...

Gemalto SIM card gains important card brand certification

Digital security provider Gemalto announced that it has obtained certification for its UpTeq NFC SIM cards from payment networks American Express, MasterCard and Visa. The UpTeq NFC SIM cards securely store personal data and payment credentials on a mobile device...

New mPOS solution from Adyen offers mag stripe and chip-and-pin acceptance

Amsterdam-based payment processor Adyen is the latest company to jump into the mobile POS market, announcing the availability in Europe of its Shuttle solution. But unlike other competitors whose solutions turn a smartphone into a mobile credit card terminal, Adyen's...

Mobile devices pose increased risk for fraud during holiday shopping season

It turns out that finding a parking spot at the mall isn't the most dangerous part of Black Friday. According to ThreatMetrix, a provider of cybersecurity solutions, the biggest threat consumers face may be the phone they carry in their pockets.

Dongle from OTI offers NFC tech to any handset

On Track Innovations Ltd. thinks it has a solution to the issue of too few smartphones supporting NFC: a dongle.

GlobalPlatform publishes secure element implementation guide

GlobalPlatform, the organization that sets standards for the management of applications on secure chip technology, has announced a new implementation guide for the deployment of its latest specification on a secure element. The group said the document will be of...

New INSIDE Secure chip may end SE control debate

In the world of NFC payments, one of the big questions has been who will control the secure element, the chip that stores payment credentials and personal data. Will it be the carrier or the company providing the mobile operating system? Now semiconductor-maker INSIDE Secure may have a solution.

NatWest suspends mobile app feature over fraud

U.K. bank NatWest is putting the Get Cash feature of its mobile phone app temporarily on hold.

Payleven offers first international chip-and-pin mobile POS solution

It’s a big day for mobile POS as more and more companies announce they're entering new international markets — but none of those companies is Square. German mobile POS provider payleven announced it will be offering its new international solution,...

Report shows fraudsters are increasingly using mobile devices

Showing the growing importance — and subsequent threat — of mobile devices in financial services, online security company iOvation announced that 12 percent of all financial services transactions it protects are now coming from mobile devices like iPhones, iPads, Android...

G&D TSM centers gain approval from Visa

Giesecke & Devrient, the Munich-based technology services provider for the financial services industry, has received a new stamp of approval on its Trusted Services Manager centers in Munich and Toronto. Card brand Visa has now certified the facilities based on...

PCI releases best practices for mobile payment acceptance

The Payment Card Industry Security Standards Council, which provides oversight and guidance on payment card data protection, recently released its best practices for mobile payment acceptance security. The new guidelines are intended to offer developers of mobile apps and manufacturers...

Jumio to offer Verifi merchants extra protection

Verifi, a risk management and payment gateway company, is integrating Jumio's Netswipe and Netverify solutions into its suite of risk management products, the company announced. Verifi said the partnership is the first to marry timecard and ID scanning technology to...

ABI singles out leaders in contactless technology

NXP, Gemalto, and Ingenico are the three highest ranked vendors within ABI Research's latest competitive assessment, which consists of market shares and three specific vendor matrices focused on secure ICs, smart cards, and POS/mobile card reader vendors. Collectively, the three...

Researchers discover chip and PIN flaw

Researchers at the University of Cambridge this week revealed that they had identified a troubling defect in the propagation of one-off chip and PIN verification codes for EMV transactions. The flaw makes it possible for thieves to predict the next...

New payment technologies push fraud online

FICO, a provider of predictive analytics and decision management technology, today released data from the FICO Falcon Fraud Manager Consortium. The analysis shows a continuing shift towards online, mail-order and telephone-order fraud, as compared with counterfeit fraud over the same...

Sophisticated malware hits Chinese mobile money users

Underscoring the issue of security for mobile payments, Chinese mobile payment users are dealing with a nasty bit of malware. The SMSZombie virus is targeting the mobile payment system of state-owned wireless provider China Mobile.

Square experiences outage

After announcing a flat rate last week, Square flat-lined last night. The mobile payment processor's platform went down for about an hour yesterday evening, leaving its merchants without the ability to accept payments, according to The Next Web. Square spokesperson...

Stitch Labs using SAIL for offline payments

To help them run their businesses, Stitch Labs offers small, product-oriented merchants a set of online tools, including inventory management, customer management and business analytics. The suite also gives merchants the ability to process online transactions through website shopping carts...

Study: Brits favor cash, aren't keen on contactless

The U.K. continues to demonstrate a lack of appetite for contactless technology; only 17 percent of citizens there think a "cashless future" would make their lives easier.  This statistic comes from a survey published on Friday by U.K.

Report: Amex never agreed to its cards going in Google Wallet

TechCrunch reports that soon after Google unveiled a new feature on Google Wallet that lets users link any brand of payment card to their accounts, at least one card brand took issue with the new feature. American Express' social media...

Apple's newest acquisition signals mobile payment play?

In a recent SEC filing, Florida-based security company AuthenTec revealed that it has been acquired by Apple Inc. The 8-K "Report of unscheduled material events or corporate event" said the two companies had entered into an agreement worth $356 million,...

IZettle runs into trouble with Visa Europe

Something is rotten in the state of Denmark — and Finland and Norway, too! — for mobile POS solution iZettle. The company announced today that due to a policy decision by Visa Europe, merchants processing cards through its service in...

JMango to integrate Jumio's card scanning technology

It's a busy time for "scan a credit card with a smartphone camera" technology companies. Jumio announced a new partnership with mobile application and development platform JMango. JMango will offer Jumio's scanning technology as a part of its mobile development...

Researchers to look at retailers risk for theft, fraud from mobile payments

Theft and fraud are growing concerns of consumers adopting mobile coupons and contactless payments, and researchers at the University of Arkansas are examining how to prevent them. The Walton College of Business at the University of Arkansas has partnered with...

Apple addressing potential in-app payment hack

Apple trackers at 9to5Mac.com posted last week about an alleged workaround that allows hackers to obtain apps from Apple's in-app payment platform for free. According to the site, the hack was first identified by Russian developer.  According to the post, the hack requires little to make it work and can be accomplished by even a novice hacker.

AmEx announces its own U.S. EMV roadmap

In a press announcement last week, American Express laid out the terms for its transition to EMV credit, debit and ATM transactions in the United States. The company's program is similar to that previously announced by Visa and MasterCard but...

ControlCase authorized to certify PCI Compliance

ControlCase, a PCI-compliance company headquartered in McLean, Va., recently received authorization to validate the full range of payment applications and encryption device management solutions that P2PE providers offer to merchants, according to a company press release. The PCI Security Standards...

CorFire integrates its wallet with Payfone

Mobile tech company CorFire is teaming with mobile commerce company Payfone to integrate its mobile wallet into Payfone's remote m-commerce solution. CorFire, a part of SK C&C USA, said the partnership will let merchants deliver fast and secure solutions without...

DUALi Dragon reader gets OK from NFC Forum

South Korean smart card solutions provider Duali announced that its Dragon NFC reader has been certified for NFC Forum Digital Conformance by the Korean certification laboratory KTC. According to an article at NFC News, the USB-based reader can support multiple...

EVS offers new mobile payment ID solution

Louisville, KY-based Electronic Verification Systems announced the launch of its new Mobile Payment Identity Verification solution. The product promises to give online retailers a way to verify the identity of customers shopping using their mobile devices. "EVS’s XML integration will...

Plastyc to introduce MRDC for prepaid cardholders

New York-based Plastyc, provider of UPside Visa prepaid cards, announced it will introduce mobile remote deposit capture, giving its un- and underbanked cardholders an alternative to check-cashing services — and the fees that come with them. "Small businesses contribute 45...

Ericsson and Aconite collaborate on mobile contactless payments

Ericsson this week announced a partnership with Aconite to provide secure delivery and remote management of applications for consumers' NFC-enabled mobile phones. A story at Voicendata said the service will give application issuers a turnkey solution for distributing mobile-based products...

Gemalto CEO predicts doubling of contactless card business

Amsterdam-based Gemalto, the inventor of smart card chips, believes it could soon double its near field communications chip business. Gemalto CEO Olivier Piou said in an interview in Paris that the company had the capacity to add 50 more contracts...

MasterCard proposes cross-industry group to collaborate on EMV migration

MasterCard today proposed the formation of a cross-industry group designed to foster collaboration and alignment for EMV chip migration in the United States. The proposed group would include networks, issuers, merchants, acquirers, processors, terminal manufacturers, card manufacturers and others. A...

Industry groups partner on mobile money security standards

Two associations working on sorting out the future of mobile money are partnering to address a persistent issue in mobile financial services: security. Mobey Forum, a global bank-led industry association, announced it is working with the Trusted Computing Group's Industry...

Smartphone users find mobile banking convenient, easy

Technology, outsourcing and consulting company Infosys has released the results of its recent survey on mobile banking. And the news is good – mostly. According to the new report, a large majority (94 percent) of respondents said mobile banking is easy, while 77 percent said it's convenient.

German banks test NFC following EMV fraud reduction

The German Banking Industry Committee has said that the introduction of chip cards has resulted in a helpful reduction in card fraud, including a 45 percent reduction in card-skimming at ATMs between 2010 and 2011, an article at Contactless News...

Reports show more mobile security concerns

Studies have shown that security is a top concern for consumers when using mobile payments and banking. Perhaps those concerns are not so unfounded. A USA Today article reported on a couple of new secuirty issues with mobile devices, issues...

Global Payments Inc. confirms 'massive' data breach

Global Payments confirmed late this afternoon that "card data may have been accessed," in a hacking episode in early March, said CNN in a breaking news report. The payments' processor didn't say how many accounts were compromised nor what type...

Study: Brits not interested in mobile payments?

U.K. consumers don't seem all that excited about making mobile payments. According to a post from E-consultancy.com, nearly two-thirds of consumers in the U.K.

Square finally encrypts its dongles

Square is finally delivering on its promise of an encrypted reader. According to VentureBeat, new dongles being shipped by Square are fully encrypted. Reader encryption has been an issue in the past with Square's mobile POS system.

Google to Wallet users: Sorry. Here's $5

With rumors of Google rethinking its Google Wallet strategy due to lack of adoption, and ongoing stories about defections and reshuffling personnel, it seems the news about Google Wallet is a little grim these days. But Google is trying to do the right thing.

Many consumers not ready to adopt mobile banking, says survey

Growth in mobile banking and payments is being driven by younger consumers, but most adults are more reluctant to adopt mobile banking, said a survey cited at cuna.org. In an online survey of 504 U.S. debit cardholders conducted in January,...

Oberthur announces bid to acquire MoreMagic

French company Oberthur Technologies is looking to expand its mobile payments capabilities.

Square and Verifone vie for control of NYC taxis

The New York Times is reporting the New York City Taxi and Limousine Commission is looking at an option to replace Taxi TVs, the integrated payment/entertainment consoles mounted in the back seats of city taxis. The commission is exploring an...

PayPal responds to Visa exec's remarks

A day after a Visa exec publicly questioned the security of PayPal's new offline product, PayPal said its cloud-based payments offer more security than credit cards. In an email to the Wall Street Journal, Anuj Nayar, PayPal's director of global...

Google Wallet issues fix, reactivates prepaid accounts

According to an update to its Friday post regarding Wallet security issues, Google has issued a fix and reactivated prepaid cards associated with Google Wallet accounts. Two different security vulnerabilities were publicized last week. The first issue affected rooted Android...

G&D to be TSM for Australian Commonwealth Bank

German tech company Giesecke & Devrient (G&D) announced it is providing its Trusted Service Manager (TSM) solutions for the Commonwealth Bank of Australia. Commonwealth Bank recently launched its Commbank Kaching NFC payment program. As a TSM, G&D provides services including...

Security company finds PIN protecting Google Wallet may be vulnerable

Online security company zvelo said it has found a vulnerability in the Google Wallet allowing a hacker to discover the PIN protecting the app and gain unauthorized access. The company said in a post on its blog the issue is...

Virtual Piggy gives kids an m-payment app of their own

Mobile payments are about to get kid-friendly. Virtual Piggy, Inc.

French consumers prefer fingerprints to NFC

A Wincor Nixdorf survey has found that French consumers would rather use their fingerprint than a mobile phone to identify themselves when making a payment, according to an article on nfcworld.com. In the survey, 69 percent of 1,008 respondents said...

MagTek introduces Qwick Codes mobile wallet

MagTek, an electronic payments security technology developer, has announced the availability of the Qwick Codes Mobile Wallet. Qwick Codes are one-time use tokens designed to replace payment card information and make ATM, POS and online transactions safer for merchants, financial...

Visa approves mobile devices on its NFC POS technology

Visa Inc. and Visa Europe announced that NFC-enabled smartphones from Samsung Electronics, LG Electronics and Research In Motion (RIM) have been certified for use with Visa payWave, its mobile application for payments at the point of sale. "This is an...

McAfee predicts 2012 to see more attacks on mobile banking apps

Mobile financial services are attracting more and more attention, and not all of it is good. According to technology security company McAfee, more consumers are accessing their financial services via mobile devices and bad guys are looking to exploit that...

ROAM Data releases newest encrypted mobile credit card reader

Payment technology provider ROAM Data announced its latest secure mobile card reader, the G3X. The G3X represents ROAM's third-generation mobile reader, the company said, and supports hundreds of devices, from iOS, Android and Blackberry, to PCs and Macs.

CorFire and INSIDE Secure offer NFC interoperability to boost spread of m-payments

Mobile payment solutions provider CorFire announced a new agreement with INSIDE Secure, a provider of secure transaction and digital identity services. The companies will now offer interoperability between several of INSIDE Secure’s NFC solutions, including its MicroRead and SecuRead, and...

SmartMetric looks to add fingerprint security to mobile payments

For consumers worried about the security of mobile payments, SmartMetric Inc. thinks it has a solution: fingerprinting.

Bell ID enters TSM market with new solution

Bell ID, a provider of smartcard and token management technology, announced a new white label Trusted Service Manager (TSM) service, the Bell ID Mobile Token Manager. According to the company, its new platform provides over-the-air (OTA) lifecycle management of applications,...

ViVOTech finds TSM partner for Africa in QMuzik

ViVOtech, a provider of NFC software and equipment, announced that Qmuzik Technologies, an African software company, will become a reseller of ViVOtech's Trusted Service Management solution. Through the deal, Qmuzik will resell, implement and support the TSM software suite in...

Iovation expands into Southern Europe with AliasLab partnership

Portland, Ore.-based online security company iovation announced a new partnership with AliasLab Spa, an Italian consulting and professional services company. According to iovation, the partnership will expand its presence in Italy and Southern Europe. AliasLab will now offer ReputationManager360, iovation's...

Two BlackBerry devices receive MasterCard PayPass certification

Research in Motion has announced that two of its smartphones, the BlackBerry Bold 9900 and BlackBerry Curve 9360, have been certified by MasterCard as PayPass-approved devices, the first SIM-based NFC smartphones to receive the certification. "NFC technology is making smartphones...

Gemalto wins role as TSM for Singapore's national NFC services

Digital security provider Gemalto announced it has been selected by the Infocomm Development Authority (IDA) of Singapore, the regulatory body that oversees "infocomm" in Singapore, as the trusted third party (TTP) to deploy mobile NFC contactless services for that country....

New Zealand carriers create cooperative direct carrier billing framework

New Zealand's mobile phone operators announced they have agreed to a framework that supports the mobile purchase of digital content through a direct carrier billing model. The companies — 2degrees, Telecom, TUANZ and Vodafone — are members of the Telecommunications...

B of A inadvertently sparks consumer worries with new P2P application

On top of its decision to charge customers $5.00 a month to use its debit cards, Bank of America is also taking some heat for its new person-to-person mobile payment application. As American Banker reported last week, users of the...

New survey shows consumers hold carriers responsible for mobile security

A study released by AdaptiveMobile today has some implications for mobile payments, especially the wireless carriers looking to get into the mobile payment space. AdaptiveMobile's survey finds that data security is more important to U.S. cellphone users than call quality.

One-third of consumers say they will spend more online than in-store this holiday season

ThreatMetrix, a provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced results of a joint study with The Ponemon Institute, "Mobile Payments & Online Shopping Survey of U.S. Consumers." The survey, which looked at U.S.

Panelists discuss tokenization during Mobile Payments Today webinar

In a webinar held September 15, 2011, hosted by Mobile Payments Today and sponsored by Magtek Inc., industry experts discussed the role of various security methods in protecting consumer data during mobile transactions. The event, entitled "Bridging People and Payments:...

Fiserv to provide EMV cards, "prepping" market for NFC payments

Fiserv Inc., a provider of technology and systems to financial institutions, announced on Friday that it will begin personalizing chip payment cards based on the EMV standard. "As the U.S. payments industry looks for ways to minimize card-related fraud loss...

Webinar to explore payment security and tokenization

A webinar entitled "Bridging People and Payments through Mobile: How tokenization can enhance convenience and security for POS, Online and ATM transactions," will look at how data security is affecting the mobile banking and payment market. The one-hour webinar will take place on Thursday, September 15, at 2 p.m. Eastern.

ViVOtech releases new POS to support Visa's EMV push

Point of sale manufacturer ViVOtech announced the availability of a new POS terminal for payments and NFC mobile commerce. The company said its ViVOpay 8100 terminals, which accept traditional swipe cards with magnetic stripes, chip cards, contactless cards and NFC-enabled...

Study shows many mobile apps may leave user data vulnerable

An article at Wired confirms why consumers may be justified in worrying about the security of mobile financial applications. The story reports on a new survey of consumer applications conducted by ViaForensics, a digital security firm.

Consumers Union takes aim at T-Mobile's direct carrier billing

Consumers Union is taking T-Mobile's recent announcement of its new direct carrier billing services to sound the alarm bell. In an announcement, the nonprofit consumer protection organization, best known as the publisher of Consumer Reports, said it was concerned about...

Researchers demonstrate Square hack

A story on Threatpost has reopened the issue of security vulnerabilities for Square's mobile point-of-sale system. According to the post, researchers Adam Laurie and Zac Franken of Aperture Labs showed off a hack at this year's Black Hat Briefings that...

UK insurer already offering mobile payment protection

Mobile payments have barely emerged, but British early adopters can make sure their bases are covered. According to the U.K.'s Independent, the first insurance policy for mobile phone payment technology fraud is now available from insurance2go.co.uk. "We're responding to a...

Webroot extends security tools to mobile banking

Internet security company Webroot announced it is extending its mobile security applications to its partners in banking, in order to protect their customers who use tablets and smartphones to conduct mobile banking. According to Webroot, rapid adoption of mobile browsing,...

New appMobi products aimed at making m-commerce safer, quicker

Mobile development company appMobi announced the release of its secure cloudKey authentication technology. The company also announced the new technology immediately integrates into appMobi's 1Touch payment system, giving mobile app users a more secure, streamlined m-commerce experience. "AppMobi's engineers have...

Report: Online fraud in UK to surge with growth of mobile, social commerce

Mirroring concerns for mobile commerce security in the rest of the world, U.K. Internet payment service provider PayPoint.net released a new report on the potential growth of e-commerce fraud in the U.K.

Study: Coupons and security will influence mobile payment adoption

A new study by research firm StrategyOne, commissioned by point-of-sale terminal maker VeriFone, finds most adults in the United States are aware of mobile payments. It also finds many consumers are willing to give mobile payments a try, especially if they get some value besides waving their phones for a payment.

Starbucks mobile payments app gets unauthorized imitator

Imitation may be the sincerest form of flattery, but in the case of Starbucks Corp.'s mobile payment application such flattery may cross the line into infringing on a company’s rights. An article from American Banker looks at the case of...

Study: British consumers are ready for mobile payments with some reservations

A UK study by point of sale manufacturer Ingenico shows British consumers are ready for contactless payments, but significant issues may hinder adoption. The study showed nearly half of British consumers (46 percent) would use their mobile devices to make...

Retail Customer Experience publishes comprehensive guide to PCI DSS compliance

Retail Customer Experience has announced the publication of "Understanding PCI DSS and Payment Card Security," a comprehensive guide to card payment security. The report lays out the 12 requirements for compliance with the Payment Card Industry Data Security Standard (PCI...

ROAM Data chief weighs in on mobile POS security

A new voice has joined the debate that has been raging since VeriFone CEO Doug Bergeron published his open letter regarding security concerns with Square's mobile POS product. ROAM Data CEO Will Graylin published a letter to the mobile payment...

MagTek CEO sends open letter to payments industry

In an open letter addressed to the payments industry today, MagTek Inc. President and CEO Annmarie D.

CTIA: Study shows consumers unaware of mobile security risks

A study by AVG Technologies, a provider of consumer security software, provided some surprising insights into how U.S. consumers view mobile phone security.

Download kiosks a danger zone in Thailand?

Mobile users in Thailand should avoid downloading applications from small retail kiosks to protect themselves from the risk of viruses, warned the Advanced Info Service in an interview with the Bangkok Post. Pratthana Leelapanang, vice-president of Value-Added Service at AIS,...

VeriFone calls on Square to recall its hardware

(UPDATED) As the mobile point-of-sale battle continues to heat up, VeriFone CEO Doug Bergeron issued an open letter to Square today claiming Square’s hardware “is poorly constructed and lacks all ability to encrypt consumers’ data.” In the letter, and through...

Company develops more intelligent video surveillance software

According to a press release, BS/2, a developer of software solutions for the banking sector, has developed ATMeye.iQ, an application that gives self-service devices face-recognition functions, automatic detection of skimming devices and remote control by mobile devices. The face recognition...

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Mobile Payments Today: September's top 5 reads