EMVCo to Manage Next Generation of 3D-Secure Specification
January 8, 2015 - The global technical body, EMVCo, will increase its scope to lead the payments industry in advancing the next generation of 3D Secure (3DS), the online authentication protocol, to support new and emerging technologies in the remote payment environment.
Russian criminals hack in to bank networks to steal $18 million
December 22, 2014 - A group of Russian cybercriminals which specialises in gaining access to the internal payments networks of banks has stolen more than $18 million over the past six months.
New York regulator further refine BitLicense rules
December 19, 2014 - Benjamin M. Lawsky, Superintendent of Financial Services, is today delivering remarks on the new, revised, proposed New York State Department of Financial Services (DFS) BitLicense framework for regulating virtual currencies, as well as broader trends and issues in payments technology, at the Bipartisan Policy Center in Washington, DC.
Payments Council to explore prospects for providing more information with payments
December 19, 2014 - The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.
Researchers tap quantum physics for fraud-proof credit cards
December 16, 2014 - Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.
Mobile bill payment in the US soars - Survey
December 15, 2014 - The Seventh Annual Billing Household Survey from Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, revealed that mobile bill payment use is growing rapidly among U.S. consumers, with 27 million U.S. online households now paying at least one bill from their phone, up nearly 70 percent over 2013.
Payfone and US banks partner for mobile authentication
December 12, 2014 - Mobile authentication startup Payfone is working with US financial institutions to introduce technology that utilises the same security standards applied by wireless operators to identify their customers as they log-in to m-banking apps.
Charge Anywhere breach puts unencrypted card data at risk
December 11, 2014 - US mobile payments outfit Charge Anywhere has admitted that malware has been lurking on its network for five years, putting unencrypted payment card data at risk.
