This series is designed to provide insight, analysis and points of view about the issues and options related to security and risk in a digital/mobile environment. From the networks’ recent announcement of a tokenization framework to providers offering point-to-point encryption to cloud-based EMV to PIN-based transactions to everything in between, this series will feature the latest on what’s needed to ensure secure payments transactions regardless of the how those payments are made or which method of payment is used.
Fighting Fraud Behind the Scenes The silver bullet in fighting fraud is doing it without getting in the way of customer satisfaction and merchant sales. And that is harder than it sounds. As CA Technologies GM Ram Varadarajan tells Market Platform Dynamics CEO Karen Webster in this podcast interview, the secret sauce is knowing how to authenticate customers behind the scenes.
Cap One Joins ClearXchange ClearXchange, the bank-controlled P2P network that can facilitate funds transfers between members in near real time, today added a new major player, Capital One. The moves opens up all sorts of possibilities, and questions. Market Platform Dynamics CEO Karen Webster did her darndest to get the details from ClearXchange CEO Mike Kennedy. Here's what she learned.
i2c: Processor Security Begins in the Board Room The raft of data breaches has forced every single merchant to look more closely at the security processes their payment processors have in place. A new white paper suggests that best in class payment processors focus on maintaining a secure environment - starting from the board level on down. Is it really possible for the board to influence security all the way down the payments processing food chain?
WebLinc's Hill: 'Scary' To Consider A Biometrics Breach Biometrics is being touted by many as a superior way to protect payment card data. But what if instead of hacking unencrypted credit card data, hackers found their way into grabbing customers' biometric information instead? Darren Hill, founder and CEO of eCommerce platform provider WebLinc, says that's scary and why biometrics alone won't solve the problem.
Breaches Shed Light On Benefits Of Tokenization Much discussion has gone on in recent weeks in light of major data breaches that have affected several large merchants, including Target and Neiman Marcus, and millions of credit and debit cards. Part of those talks have centered on whether tokenization of card information and better encryption could have thwarted the attack.
MasterCard's Balfany: There's No Silver Bullet, But Security Tools Do Work It's the big question being asked in the post-Target breach environment: Would EMV have prevented it? As Carolyn Balfany, SVP of EMV at MasterCard, tells MPD CEO Karen Webster in this exclusive interview, there's no single solution that will keep the bad guys at bay. What's needed is a multi-pronged approach, which is the only way that payments security and consumer trust can be preserved.
Merchant Dashboard In CardinalCommerce’s 2014 Plans Cardinal Commerce has much in store for customers in 2014. Chief among its plans is a dashboard tool that will enable merchants to adjust their fraud screening and authentication practices to their own risk tolerance and experience. But, will merchants find the company's solutions a better fit than ones perhaps they're developing in-house?
4 Signs Your Fraud Protection Needs An Omnichannel Upgrade Omnichannel commerce and big data have opened up a world of possibilities for the payments industry. The bad news is that these same doors have been left ajar for fraudsters, too. The result is many payments industry businesses lack adequate solutions to keep fraud in check and bolster their business' bottom line. How can you tell that your fraud solution isn't up to par?
Why EMV Isn't Enough: 3D Secure Necessary To Curb Online Fraud EMV has long been touted as a superior solution for controlling fraud at the physical point of sale, but critics say that it just moves fraud online where EMV is totally ineffective. However, a new analysis of the EMV migration in the U.K. points to evidence that EMV, in conjunction with 3D Secure, actually did help to reduce both card-present and online fraud in a very material way. Curious to learn more?
Accelerating EMV: Beyond The Card EMV critics cite too much cost for too little gain as the world moves at mach speed toward digital commerce. But, its advocates are beginning to articulate some of the important benefits that aren't routinely discussed when the topic is raised. Listen in on one such conversation when the VP of Business Development at Gemalto and PYMNTS.com square off on the topic.
The Top Mobile Authentication Method Revealed They say a picture is worth a thousand words. So, here’s a picture worth that ... plus a whole lot more. Authenticating transactions on line remains a sticky wicket for consumers, merchants and the entire ecosystem in spite of the availability of solutions on the market. A new infographic breaks down the issues associated with device fingerprinting, two-factor authentication and more to reveal the best way to authenticate.
Tokenization Or Encryption? Making The Right Choice For Your Customers Tokenization has been lauded as a superior way to address online fraud, one that could enable future innovators to bring unparalleled security to the payments ecosystem. Still, despite its promise, confusion about tokenization remains. To bring clarity to this conversation, we spoke with Alex Pezold, CEO of TokenEx, in an exclusive interview that answers common questions, and looks forward to forecast the changes a tokenization standard will bring.