Payments Performance Covid-19

Payments Performance Facing Huge COVID-19 Impacts

Payments performance for both networks and issuers are poised to face the profitability challenges of 40 years ago as the coronavirus impacts rage through all levels of life. The likely impact of the first two quarters of this year will wipe out profitability for 2020 and if COVID-19 extends into the third quarter, the impact…

AR VR Music

AR VR & Music For Cards While Plaid & Honey – Buzzes

AR, VR & music are on the menu for 2020 courtesy of Mastercard while Visa ponies up $5 billion for a hot fintech consumer app. Interest in biometrics for payment cards may emerge this year after a sleepy 2019. The IRS has crypto-to-crypto transactions on the radar this tax season, according to Bankcenter and CardBuzz.…

Futuristic Payment Technologies and Currencies Well Supported

Electronic payments have become commonplace today, with nearly 51% of people reporting that they are paid electronically via direct deposit, and an increasing comfort level with these paperless transactions appears significant in driving consumers’ interest in even more sophisticated forms of electronic payment. Consumers are unenthusiastic about traditional paper checks, as one-third of them think…

2018 Will Herald Arrival of New Tools in the Fight Against CNP Fraud

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years. Factors, such as the USA’s shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the rise. New data from Juniper Research has found many merchants still perceive combatting fraud as too…

Five Factor Framework for Mobile Biometrics Slowly But Surely Evolving

Whether using a fingerprint, an iris scan or a “selfie” to confirm identity, banks see biometric technology as a way to provide greater convenience and security to customers as they use their accounts. But, it’s still early days in mobile biometrics. A new report from Mastercard and the Department of Computer Science at the University of Oxford…

Biometrics Market to Grow 12% CAGR Driven by Untrustworthy Passwords

Biometrics involves identification and verification of physical traits such as fingerprints, hand geometry, face recognition, and iris recognition, and behavioral traits such as keystroke patterns, signature, and voice recognition. Its application to the payments industry and the replacement of old-school passwords cannot be understated. With double-digit growth, biometrics is a potentially explosive sector with payments.…

Identity Theft Now Accounts for 64% of All Data Breaches Globally – Email a Big Concern

New research reveals 90% of enterprise IT professionals are concerned that employee reuse of personal credentials for work purposes could compromise security. However, with two thirds (68%) saying they would be comfortable allowing employees to use their social media credentials on company resources. Gemalto’s research suggests that personal applications (such as email) are the biggest…

FotoNation Biometrics Takes Face & Iris Recognition to New Level

FotoNation Biometrics Takes Face & Iris Recognition to New Level

San Jose-based Tessera Technologies’ FotoNation has unveiled a new high-performance suite of face and iris recognition biometric security and authentication solutions for mobile platforms. Based on FotoNation’s unique deep learning neural network, and industry proven MIRLIN Iris recognition technologies, these new solutions deliver authentication in the most challenging outdoor light and shade conditions, including liveliness…

Biometrics Among Top Factors Driving M-Payment Security

Biometrics Among Top Factors Driving M-Payment Security

A new study reveals the emerging trends driving the global mobile payment security software market are the introduction of mobile biometrics; development of multi-factor authentication; and increased adoption of multimodal biometrics. Technavio’s latest report found that in the retail sector, the integration of biometric technologies in mobile devices can be used to recognize registered customers…

Intellicheck Lands Patent for Biometrics

Intellicheck Lands Patent for Biometrics

Intellicheck Mobilisa has been awarded a U.S. Patent that governs the two-factor fingerprint biometric identity process that authenticates an identity card with embedded fingerprint biometric information and the live biometric information of a person presenting the card. The patent has sweeping implications because it covers the process at the heart of the leading biometric fingerprint…