Mastercard taps AI to help banks fight off cyber risks
Mastercard has unveiled an AI-powered suite of tools designed to help banks assess cyber risks across their ecosystem and prevent breaches.
Target2 experiences total system failure, Sepa payments delayed
A complete failure of all payment transactions within the Target2 system was experienced for several hours on Friday, with backup systems and contingency modules also initially unable to function.
Verizon reports sharp decline in PCI compliance
Source: Verizon
Global organizations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the newly released Verizon Business 2020 Payment Security Report (2020 PSR).
EU proposes first set of rules for crypto assets
The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector.
GlobalPlatform applies EMVCo specs on device authentication
Source: Global Platform
GlobalPlatform, the standard for secure digital services and devices, has released a new specification to simplify and bring greater trust to the authentication of digital services on smartphones and biometric-enabled cards.
Decades old software led to Citi's $1 billion transfer headache
Citi says defective software dating from the 1990s was the cause of a $1 billion wire transfer screw up earlier this month.
Barclays reports 66% spike in scams
Barclays is reporting a 66% increase in scams for the first six month of this year, as criminals take advantage of lockdown pressures to line their pockets.
Global Payments heads to the Cloud with AWS
Source: Global Payments
Today, Global Payments Inc. (NYSE: GPN) and Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced a new, multi-year collaboration agreement to provide a cloud-based issuer processing platform to financial institutions around the world.
