The state of security of mobile banking applications
The state of security of mobile banking applications was revealed at the annual Mobey Day in Barcelona. The results should serve as a wake-up call for the entire banking industry to raise their sense of...
Orange launches its own mobile bank – Orange Bank
Orange has launched its own mobile bank, aiming to win 25% of France’s online banking market by capitalizing on the rising use of smartphones to steal share from established lenders with inferior technology.
The launch is...
Visa launch real-time payments platform Visa Direct in Europe
Visa has announced the European launch of Visa Direct – a real-time payments platform that allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments for businesses and consumers.
Visa...
Zelle claims 4m users and mobile P2P payment app
Zelle, the bank-based mobile P2P offering operated by Early Warning says more than 4 million people have enrolled in the mobile based payment network backed by many of the US’s largest banks, since its launch...
Square announces it will apply for bank licence
Square says it plans to submit an application to form a wholly owned bank based in Utah. The unit, to be called Square Financial Services, would offer loans and deposit accounts to small businesses...
Australian banks to kill PINs by pushing towards biometric authentication
Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world, as Visa moves to make Australian banks build infrastructure and put...
Are banks using the best biometric security systems available?
Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit, analysts explained their investigation of the takeover of a bank for several hours...
Digital start-up Tandem acquires Harrods Bank
Digital start-up bank Tandem has agreed to buy Harrods Bank, four months after seeing a £35 million funding deal collapse.
Tandem, which says it is building a mobile-only bank, announced on Monday that it has signed a...
Mobile banking and its use as a payments channel
58% of US smartphone users have downloaded a mobile banking app for their primary checking account, and 50% of US smartphone users (including 68% of those under 35 and 31% of those 55 and...
Screen scraping argument hots up as EBA rejects PSD2 amendment
The bank Vs FinTech screen scraping argument just got worse as the EBA (European Banking Authority) rejected an amendment to the Payment Services Directive (PSD2) proposed by the European Commission designed to allow the continuation of screen scraping.
The EBA...
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Payment industry history with first AES DUKPT key management implementation
Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10.
Co-designed by Verifone, AES DUKPT...
