Contactless payments improve the speed of payments but could hit a brick wall at the point of sale if transactions exceed a certain amount. In this month’s Digital Identity Tracker, PYMNTS spoke with NatWest’s David Crawford, head of effortless payments, about how the bank developed...
Bank customers increasingly prefer self-service transactions over branch visits, and financial institutions (FIs) are meeting them where there. Investments in features — such as remote authentication and mobile deposits — are delivering digital conveniences, and yielding unexpected benefits for staff. In this month’s Digital-First Banking...
While the expanding adoption of EMV cards in the U.S. has helped to largely eliminate card-present counterfeit fraud at the physical point of sale, some merchants believe that more can be done. In this month’s Digital identity Tracker, Stephanie Martz, senior vice president and general...
The development of digital identity solutions shows no signs of slowing in the new decade, with the mobile biometrics market expected to add $28.45 billion per year in incremental growth between 2018 and 2023. Facial authentication and cloud-based subscription services are particularly popular, with applications...
May 13, 2019
Banking — especially mobile banking — offers ‘single points of failure’ that allow fraudsters to make off with victims’ data and money. Karl Kilb III, CEO of Boloro, tells PYMNTS why separating transactions and authentication is critical when transactions are done by phone — or even at the ATM.
January 25, 2018
The PCI Security Standards Council announced news on Wednesday (Jan. 24) that it has instituted a new PCI security standard having to do with PINs. In a press release, the group said the new PCI security standard is for software-based PIN entry with off-the-shelf devices, including smartphones and tablets. The standard, dubbed PCI Software-Based PIN […]
December 11, 2017
There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. It appears the ever-inventive thieves of the world have found...
June 30, 2016
In the legal battle heating up over identification – and consumer choice – used to authorize EMV debit payments at Walmart stores, Visa said Wednesday (June 29) that the world’s largest retailer...
November 02, 2015
The push for enhanced payments security is getting a bit contentious, Reuters reported Friday (Oct. 30), especially in relation to chip-and-PIN. The newswire said that a number of large U.S....
