Wednesday, August 5, 2020
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PINs and Passwords Vs mobile biometrics

Overcoming mobile biometrics challenge in financial services

The vast majority of consumers—93%—prefer biometrics over passwords for authenticating payments or other financial services. This comes as no surprise, as using biometrics is more secure and eliminates the hassle of having to recall...
TYPE OF BANK INTERACTIONS DURING PAST 30 DAYS

Study shows UK high street banks falling behind challenger banks

New research from FIS reveals that Britain’s challenger banks are outscoring their High Street counterparts in meeting their needs for digital payments, easy to understand and use products/services, innovative products/services and anywhere/anytime connectivity to their...
The EBA is wrong about screen scraping

Fight over EBA’s recommendation on Screen Scraping hots up as banks up the ante

Just days after a coalition of 56 FinTech vendors lobbied the European Banking Authority in a strongly worded petition regarding the practice of Screen Scraping, The European Banking Federation (EBF) is asking the European Commission (EC) for...
A fingerprint on a mobile phone

Right finger forward: Why consumer technologies are driving biometric banking

When Apple and Samsung released new devices with fingerprint sensor technology, biometrics suddenly went mainstream and, as consumers, we’ve quickly become familiar with the technology. Fingerprint recognition has long been used as a means of...
ISO standards

A step towards financial inclusion with mobile banking using new ISO standards

Mobile banking not only makes our life easier, it gives access to banking services to those that have none. A new series of standards just published will provide the platform for this technology to...
The EBA is wrong about screen scraping

The EBA is wrong about screen scraping — and it’s going to hurt European...

On 23 February, the European Banking Authority (EBA) announced its intention to outlaw screen scraping in one of their Regulatory Technical Standards (RTS) complementing the revised Payment Services Directive (PSD2), set to come into...
New UK cheque clearing system to be rolled out

New UK cheque clearing system to be rolled out

The UK is set to roll-out an image-based cheque clearing system from 30 October 2017. The Cheque and Credit Clearing Company have announced that waiting for five to six working days to get money through...
Smartphone users who secure their device

Cyber security: smartphone owners don’t secure their devices

Cyber security, in particular mobile data security is a big issue. Recent Wikileaks claims of the C.I.A. hacking smartphones have once again brought the issue of mobile security to the forefront. In a time when smartphones are...

Norwegian banks defend Vipps P2P mobile payment against Nordic rivals

In an ambitious move, 100 Norwegian banks have taken a stake in the Vipps P2P mobile payment app developed by DNB in a bid to block competition from rival Nordic platforms and the likes of Facebook,...
Digital banking

Digital banking users to reach 3 billion by 2021

New research forecasts that, by 2021, nearly 3 billion users will access retail banking via digital banking services like smartphones, tablets, PCs and smartwatches, up 53% from this year. The research finds that usage will continue...

Latest News

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...
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