mobile payment
Stolen, locked payment cards can be used with digital wallet apps
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims report the card stolen and the bank replaces it, …
How businesses can integrate token technology into existing payment systems
In this Help Net Security interview, Mark Nelsen, SVP and Global Head of Consumer Product at Visa, discusses the integration of token technology into existing payment systems. …
Rising fintech trends for 2024: From A2A payments to GenAI in banking
The fintech market is undergoing a rapid shift, with the rise of new technologies, such as Open Finance, generative AI and A2A (Account-to-Account) payments having a major …
PCI SSC publishes new standard for mobile payment acceptance solutions
The PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS …
Number of users of software-based facial recognition for payments to surge
The number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020, a Juniper Research study …
Payment transaction volume using 3-D Secure protocol grows globally
RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse …
As holiday mobile commerce breaks records, retail apps display security red flags
Driven by the pandemic, many consumers rely on mobile apps to buy everything from daily essentials to holiday gifts. However, according to a recent analysis, there are some …
Holiday shopping season fraud stats revealed
There’s a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase …
PCI SSC updates standard for payment devices to protect cardholder data
The PCI Security Standards Council has updated the standard for payment devices to enable stronger protections for cardholder data. Meeting the accelerating changes of payment …
More authentication and identity tech needed with fraud expected to increase
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …
Facial recognition hardware to reach over 800 million devices by 2024
A new report from Juniper Research found that facial recognition hardware, such as Face ID on recent iPhones, will be the fastest growing form of smartphone biometric …
Nearly half of consumers worry about being tricked by fraudsters this holiday season
There has been a 29% increase in suspected online retail fraud during the start of the 2019 holiday shopping season compared to the same period in 2018, and a 60% increase in …