Security & Fraud

News
Why Passwords Will Drive Biometrics Adoption
November 13, 2014

Smartphone users are at a significantly greater risk of becoming payment fraud victims due to poor password and security habits — and their preferred alternative is biometric security like the iPhone’s fingerprint scanner, according to a new study by Javelin Research. Get the Full Story...

VISA CEO Confirms Tokens As New Network Revenue Stream
November 13, 2014

Visa CEO Charles Scharf on Wednesday (Nov. 12) said that not only is tokenization “the single biggest change that’s been made in the payment networks easily over the past 15 or 20 years and maybe longer,” but he spoke about how it enables Visa to...

International
Mahindra Comviva Launches First-Ever EMV Cards In Zimbabwe
November 12, 2014

Mahindra Comviva on Tuesday (Nov. 11) debuted a new service to be called ConnectMoney Service Manager, courtesy of a deal with a Zimbabwe company called Econet Wireless. The company said that it’s the largest rollout of secure EMV chip and PIN payment cards in Zimbabwe...

Apple’s New Patent Knows Where It’s Safe
November 12, 2014

Apple is looking for ways to bolster security for Apple Pay and other uses of its mobile devices, and on Tuesday (Nov. 11) the company was awarded a patent for yet another location-based security feature, AppleInsider reported. Get the Full Story Complete the form to...

Forter Grabs $15M To Fight Payment Fraud
November 12, 2014

Online payments antifraud startup Forter has pulled in another $15 million in funding that it will use to open offices in the U.S. and expand its offerings to larger customers, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this...

“Wirelurker” May Just Be The Tip Of The Security Concern Iceberg For iOS
November 11, 2014

Apple products are safe, everyone knows that. Viruses and malware are for Windows machines and Android devices but cybercriminals up to this point seem to have been stymied by Apple’s security and left their devices alone.  So revered are the Apple operating systems, that in...

B2B Payments
AP Tech Pushes Cloud-Based Checks Effort
November 11, 2014

Payments vendor AP Technology has rolled out a new product called APeChecks, which the company said is pronounced Ape-Checks. The cloud B2B payments platform includes paper checks, eCheck and ACH support. The vendor claimed the new approach can cut payments costs by 80 percent and...

Apple Pay
Target Employees Testing CurrentC
November 11, 2014

Target, one of the founders of MCX’s CurrentC mobile payment effort, has been using its employees to test the program, the Minneapolis Star-Tribune reported Nov. 4. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Jack Ma: Alipay “Will Definitely Go Public”
November 11, 2014

Alibaba Executive Chairman Jack Ma said Tuesday (Nov. 11) that his Alipay payments unit “will definitely go public,” according to a report from Reuters covering Ma’s interview with an official state broadcaster. Alipay was not part of the massive IPO that Alibaba just completed. Get...