ABI Research has published a new analyst report titled “Next-generation Powered Payment Card Technologies”, which forecasts that 213 million powered payment cards will ship in 2022. This number is made up of a combination of DCV cards, biometric sensor cards and other interactive powered payment card form factors, a huge increase from the 260,000 expected to be delivered by the end of 2017. ABI Research explains that payment cards become powered when they take on interactive form factors such as biometric
IDEX has been approved by the EMVCo Board of Managers as a registered EMVCo vendor. EMVCo facilitates worldwide interoperability and acceptance of secure payment transactions. EMVCo manages and evolves the EMV specifications and related testing processes including – but not limited to – card and terminal evaluation, security evaluation, and management of interoperability issues. EMVCo’s work is overseen by American Express, Discover, JCB, Mastercard, UnionPay, and Visa, and supported by dozens of banks, merchants, processors, vendors and other industry stakeholders
Mastercard has launched Early Detection System, a new service that provides issuers with a unique advanced alert for cards and accounts that detects a heightened risk of fraudulent use based on their exposure to security incidents or data breaches. Considering that not all compromised accounts will be used fraudulently, and a quick response time is crucial in these situations, Mastercard developed Early Detection System to help financial institutions take action more rapidly in an effort to preempt more serious attacks.
Juniper Research has released the results of a new survey that finds that over 40 percent of iOS users in the U.S. are unlikely to use facial recognition as a payment security technology. The results suggest that Apple might run into difficulties with getting consumers to adopt the new Face ID security feature in the upcoming iPhone X. The study finds that contactless payment users considered fingerprint sensors and voice recognition more appealing authentication methods, with 74 percent and 62
HoneyTek Systems has partnered with BioCatch to provide fraud prevention and behavioral biometrics solutions to customers in Canada and abroad. BioCatch’s behavioral biometrics-based authentication technology analyzes the way people interact with an online application or device. The company has been integrating behavioral biometrics to successfully detect criminal behavior, preventing major financial losses in the past. “Given the trends in fraud and the challenges that our customers are facing, it is important for us to provide solutions that help them stay
Nok Nok Labs announced that its NNL S3 Authentication Suite (S3 Suite) has been integrated to interoperate on the latest 8th Gen Intel Core processors with Intel Software Guard Extensions (Intel SGX) technology. This integration is a key aspect of a strong, hardware-protected authentication framework powered by the Nok Nok S3 Suite and enables secure, standards-based authentication for consumers. The NNL S3 Authentication Suite is a FIDO-certified solution and delivers FIDO capabilities to devices in which it is deployed. As
Branddocs has partnered with Jumio to offer the company’s solutions to its extensive client base in Spain and LATAM. TrustCloud solution by Branddocs is used by many globally-recognized organizations including Logitravel, AON, BBVA, Banco Santander, Willis, XL Catlyn, and others to conduct secure digital transactions and archive them as a Trusted Third Party. This significantly cuts down on the execution time of processing and shipping costs of transactions. Jumio’s Netverify Trusted Identity as a Service (TIaaS) will work alongside Branddocs’
UniCredit Bulbank of Bulgaria recently completed the first European trial of Mastercard’s biometric card, which combines chip technology with fingerprint technology to verify cardholders’ identity for in-store purchases. The biometric card works similar to any other chip card whereby the cardholder inserts the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and, if the biometrics match, the cardholder is successfully authenticated and the transaction can then be approved.
In an effort to combat fraudulent transactions and the use of black market money in real estate agreements, the Indian government is planning to make Aadhaar-based authentication mandatory when signing documents such as agreement for sale, power of attorney and will, according to a report by The Indian Express. The government has also established plans to enable electronic registration of properties, for which Aadhaar authentication will be a necessary requirement According to sources, the government plans to amend Sections 32 and 32A
Acuant has made significant improvements to its AssureID and mobile products, such as faster updates to its identity document library and adding new image spoofing detection technology. To meet customer demand, Acuant has added an optional data storage feature as well as support for Xamarin SDK and MySQL. AssureID now offers a more efficient process for users to access Acuant’s document library which is continuously updated with the latest version of IDs. The enhancement ensures that customers who are using