Articles with tag: sec

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Over 5.3 million passwords exposed on the dark web in three months

14 Aug 2020 | Digital Identity, Security & Online Fraud

UK-based fintech ClearScore has discovered over 5.3 million passwords on the dark web in just three months. 

ClearScore, fintech, UK, United Kingdom, password, dark web, dark web fraud, fraud protection, fraud, data breach, security breach

Amazon gets Indian patent to enable secure authentication for mobile transactions

14 Aug 2020 | Digital Identity, Security & Online Fraud

Amazon has been granted an Indian patent for a method that automatically authenticates mobile transactions.

Amazon, Indian patent, India, mobile transactions, automated authentication, merchants, trusted merchant, online payment, security, hackers, skimmers, transaction details, unauthorised payments

TrueCommerce reveals Purchasing Groups feature

14 Aug 2020 | Ecommerce

Trading partner connectivity and integration solutions provider TrueCommerce has announced the Purchasing Group feature for its Nexternal ecommerce platform. 

TrueCommerce, Purchasing Groups, digital commerce, merchants, B2B, security, online stores, ecommerce

APEXX, PayPal partner to allow merchants to access more payment methods

13 Aug 2020 | Online Payments

Global payments platform APEXX Global has partnered with PayPal and the PayPal Commerce Platform (PPCP) to help merchants access more payment methods.

APEXX Global, PayPal, PayPal Commerce Platform, merchants, payment methods, acquirers, gateways, shopping carts, alternative payments methods, API, Facebook, Instagram, Venmo, digital wallet, onboarding process, security, data privacy, fraud protection

Welcome to our vision of how tomorrow's bank will function digitally

13 Aug 2020 | Payments General

•In five years’ time, consumers will combine their banking needs with a trip to their local café or supermarket, opening an account secured with full KYC and AML checks through super-capable POS terminals or withdrawing cash when paying for their coffee. As Brett King puts it in Bank 3.0, ‘Banking is no longer somewhere you go, but something you do.’ – a complete change from what we’ve known to date. And this revolution will be powered by super-capable, automated banking terminals, backed up with secure, efficient and powerful software.
•Digital banking has a number of attractions, not least because it is based on more flexible and cheaper intelligent terminals and cloud computing enabled by new, super-fast mobile internet network technologies.
•This new approach to banking service delivery will have wide-reaching effects, including enabling those people around the world without sufficient access to financial services to enter the banking system, a market valued at around US$380 billion per year.
•To succeed, banks need to completely change the way they think about their existing systems. As the world moves online, customers will expect faster, cheaper, more secure and flexible services as and where they want them.
•As our report makes clear, banks around the world have started adopting innovative, digital-first client services. Now is the time for banks around the world to ask themselves: are we ready for the digital revolution? This report explains why the digital banking revolution is happening – and what you need to do to prepare.

KYC, AML, digital banking, account security

Younger generations drive UK alternative payment methods adoption, PPRO reveals

11 Aug 2020 | Online Payments

A new study from PPRO has revealed that younger generations feel confident using or have used alternative payment methods.

PPRO, study, alternative payment methods, APMs, UK, bank transfers, e-wallets, Millennials, Generation Z, credit cards, debit cards, local payment methods, LPMs, ecommerce, digital payment methods, PayPal, mobile wallets, Apple Pay, Google Pay, security, online merchants, PSPs, fintechs, checkout

Solus Connect, One-Tech launch security software to stop cybercriminals

11 Aug 2020 | Digital Identity, Security & Online Fraud

Solus Connect and One-Tech have announced the launch of security technologies that eliminate payment vulnerabilities and combat online fraud.

Solus Connect, One-Tech, launch, security technologies, payment vulnerabilities, online fraud, PINS, security tokens, cybersecurity, payment transaction, multi-factor authentication, AI, biometric, KYC

Honeycomb Investment Trust seeks GBP 1.5 bln Pollen Street Secured Lending merger

10 Aug 2020 | E-invoicing, SCF & E-procurement

Alternative financing-provider Honeycomb Investment Trust has reportedly considered a potential GBP 1.5 billion merger with Pollen Street Secured Lending (PSSL).

Honeycomb Investment Trust, Pollen Street Secured Lending, PSSL, UK, alternative finance, partnership, merger, P2P Global Investments, SME loans, corporate trade receivables, alternative finance investments, Pollen Street Capital, alternative asset manager, AXA Investment Managers, Standard Life Aberdeen, Thesis Asset Management, Quilter Investors, FTSE 250

Central Bank of the Philippines open to Qatar-based funding

10 Aug 2020 | Online & Mobile Banking

Bangko Sentral ng Pilipinas (BSP) has announced plans to explore potential investment deals from Qatar for digital banking and fintech projects.

Central Bank of the Philippines, Bangko Sentral ng Pilipinas, BSP, Philippines, Qatar, funding, investment, digital banking, fintech, reserve bank, regulations, digital transactions, banking sector, nonbank financial institutions, digital platforms, Islamic banking, shariah-compliance

credit.ai launches its credit card

10 Aug 2020 | Cards

US-based fintech cred.ai has launched an AI-powered credit card, designed for Gen Z and Millennial customers.

US, fintech, cred.ai, AI, artificial intelligence, credit card, cards, Millennials, Gen Z, Unicorn Card, Wilmington Savings Fund Society, WSFS, Visa, paychecks, transactions, Flux Capacitator, Check Please, Friend&Foe, merchants, High Security Mode

Capital One to pay USD 80 mln fine over 2019 data breach

07 Aug 2020 | Digital Identity, Security & Online Fraud

Capital One Financial must pay an USD 80 million fine over issues related to a data breach in 2019 that exposed more than 106 million records of customers and credit card applicants.

Capital One Financial, data breach, fine, security, US, fraud prevention, OCC, banking, customer data

Sberbank considers introducing stablecoin after new crypto law

06 Aug 2020 | Cryptocurrencies

Russia-based Sberbank has announced plans regarding stablecoin, which are digital currencies backed by real-world assets, major fiat currencies, or commodities such as gold.

Sberbank, stablecoin, crypto law, crypto, Russia, digital currencies, fiat currencies, commodities, gold, cryptocurrency, On Digital Financial Assets, DFA, crypto-to-crypto trading platform, loans, digital securities

Major Canadian banks join up to protect open banking data

06 Aug 2020 | Payments General

Financial Data Exchange (FDX) Canada has been officially launched and comprises 31 organisations leading the Canadian financial services ecosystem, including the Big Five banks.

Banks, Open Banking, data, security, RBC, CIBC, National Bank, TD Bank Group, BMO, Desjardins, Tangerine Bank, Simplii Financial, Equitable Bank, Interac, standardisation

Conformance Technologies deepens collaboration with InfoSecure Redteam

05 Aug 2020 | Digital Identity, Security & Online Fraud

Risk monitoring and compliance company Conformance Technologies and InfoSecure Redteam have announced initiatives of deepening their business collaboration. 

Conformance Technologies, InfoSecure Redteam, Conformance CyberSecurity, payments gateways, PCI SSC, QSA, merchant acquirer, merchant, security consulting, situation management

NatWest's business credit card customers are offered Apple Pay

05 Aug 2020 | Cards

NatWest has brought Apple Pay to its Business credit card customers, providing a secure and private way to pay.

NatWest, Apple Pay, credit cards, security, payment card, banks, SME, debit cards

Acuant, Bluebird partner to deliver cloud-based identity verification to car rental operators

05 Aug 2020 | Digital Identity, Security & Online Fraud

Global provider of identity verification solutions Acuant has announced that Bluebird Auto Rental Systems will gain access to its identity verification solutions. 

Acuant, Bluebird Auto Rental Systems, identity verification, secure customer experiences, fraud, risk management, Acuant IDscan, AssureID, FaceID, Ozone, multi-factor authentication, liveness test, personally identifiable information, PII, encryption

Galileo's payments processing platform powers RoarMoneySM

04 Aug 2020 | Payments General

Galileo has announced that its customisable API-based payments processing platform is powering RoarMoneySM.

Galileo, MoneyLion, RoarMoneySM, card issuing, digital banking, mobile banking, lending, mobile wallet, cybersecurity, transactions, retail

DayTek Capital receives Australian banking licence

04 Aug 2020 | Online & Mobile Banking

Australia-based neobank DayTek Capital has been awarded an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission

Australia, challenger bank, banks, DayTek Capital, banking, banking licence, neobank, Australian Financial Services Licence, AFSL, Australian Securities, Investments Commission, Infinity, cards, fintech, Restricted Authorised Deposit Taking Institution Licence, RADI, Australian Financial Compensation Scheme, Australian Federal, Qeensland State

Clydestone, Thales partner to offer authentication as a service platform

03 Aug 2020 | Digital Identity, Security & Online Fraud

Ghana-based payments system and fintech solutions provider Clydestone has partnered with Thales to provide an authentication as a service platform.

Clydestone, Thales, TheOne, Ghana, payment service providers, Strong Customer Authentication, SCA, multifactor authentication, MFA, 2FA, transactions, One-time Password, OTP, Thales Dynamic Code Verification, DCV, card-not-present, CNP, static security cryptogram, CVV, dynamic code, PIN, biometric authentication

NEC, Futurex partner to bring biometric facial recognition to ATMs

31 Jul 2020 | Digital Identity, Security & Online Fraud

Japan-based company NEC has partnered with cryptography specialist Futurex to bring biometric facial recognition to ATMs.

NEC, cryptography, Futurex, biometric facial recognition, ATM, biometrics, Hardware Security Modules, HSM, AI, contactless solutions, COVID-19, face scan, PIN, biometric authentication, FIPS 140-2 Level 3, PCI HSM, data encryption, Seven Bank, Veritrans