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Is BYOD Becoming “Bring Your Own Danger?”

The PYMNTS.com Identity Tracker, powered by Oberthur, is a forum for framing and addressing key issues and trends facing the entities charged with efficiently and securely identifying and granting permission to individuals to access, purchase, transact, or otherwise confirm their identity in a digital world.

Overview

  • Data security remains a hot topic, and tokenization a major theme.
  • The card networks – MasterCard and Visa – continue to popularize their payments tokens: MasterCard will rollout its new tokenization platform for Apple Pay’s Australian launch while Visa signed up 2,300 financial institutions on its tokenization platform
  • Google made encryption ubiquitous by launching customer-supplied encryption keys

Tracker Updates

  • This August issue includes the profiles of 68 industry players, with 7 new profiles — Carta Worldwide, CopSonic, cryptovision, Dashlane, FaceFirst, HYPR Corp. and Seagate— and one updated company: Ethoca.

Commentary

Bring Your Own Device or BYOD, touted to bring agility and flexibility to an enterprise is putting enterprise security protocols to the test. This edition’s commentary looks at the challenges in authenticating the digital identity of employees who should have legitimate access to enterprise assets in a way that is reliable, secure and with minimal friction.

DOWNLOAD THE AUGUST 2015 TRACKER

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LIVE PYMNTS ROUNDTABLE: MODERNIZING & SCALING FOR THE NEW NORMAL

The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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