Thales has launched nShield XC which delivers the high assurance crypto processing demanded by high volume PKI deployments and service providers required to build trust and control across large-scale distributed systems. Thales also recently announced a definitive agreement to acquire Vormetric Data Security, strengthening our trust management strategy with the addition of Vormetric’s data security…
As payment networks mull facilitating transactions from automobiles there are security concerns now being aggressively addressed. Giesecke & Devrient and IBM are teaming up to work on a new connected vehicle security solution with the intent to make car hacks much more difficult in the future.
Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
In today’s CardFlash News Que: ACI (Celent); APPLE PAY (Pei Wei); MASTERCARD (India ActionAID); and GEMALTO (HSM).
Verifone is now using Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to protect card holder data, whether transmitted from a card or mobile device, right from the moment of capture.
InterMoney Exchange has launched a new global feature – withdrawing Bitcoins directly to credit/debit card. It works with both Visa and MasterCard providers. Credit and debit cards of different types including prepaid are supported.
A new customer case study of Xpress Bill Pay’s use of Prime Factors’ EncryptRIGHT data protection and enterprise crypto key management capabilities has been released. Prime Factors encryption and tokenization product is well regarded in the payments industry.
Vancouver-based Newnote has purchased a 20% equity position in the crypto-currency payment processor Coinpayments. The company operates a service similar to Coinbase and Bitpay.
OR-based Prime Factors announced that Arroweye Solutions has updated its automated crypto key management with EncryptRIGHT. The development amps up payment card security against hacking threats.
Payfont has been awarded £100,000 funding from Scottish Enterprise, helping to fund its online security to counter data theft disasters. The Anonymised, Distributed, e-Commerce Architecture (ADeCA) will protect organisations and their customers by managing distributed data fragments via a contextual security protocol. It makes a user’s data completely unique to that user, anonymous to others. This approach raises the bar significantly against Cybercriminals used to stealing large databases of data records that rely on standard encryption and linear access security methods.Cybercrime and its identity theft and money laundering consequences are now at epidemic proportions globally.The 2014 average data breach cost for a company is US$3.5m, up 15% on 2013.
Beepi announced that it has integrated with BitPay, a bitcoin payment processing service, to become the first peer-to-peer marketplace to allow its users to purchase cars with bitcoin. In addition, the company will also offer prospective buyers pre-approval for loans at check-out. Adding bitcoin as a payment option and instant pre-approval for car loans are the next logical steps for Beepi, a company founded with a goal of eliminating friction at every step of the buying and selling process.
The world’s first exchange platform taking card payments for digital currencies including Bitcoin launches in the UK. In a move promising to revolutionise how digital currency is acquired and used, BinaryFund will also dramatically change how the nation’s online retailers, investors and finance professionals take payments, approach currency exchange, and debit customer accounts. It will also smooth the path to widespread digital currency adoption at economic level. The formal launch of BinaryFund marks a number of notable firsts at commercial, financial, FX and tech circles, making it one of the most significant unveilings of the year to date. As well as being technically remarkable, BinaryFund.com offers Britain’s business infrastructure the chance to set the standard in digital currency transactions. The platform has developed a robust, reliable and accessible merchant tool system that will allow business users to accept payments in digital currencies such as Bitcoin while still providing the convenience and security that comes from being able to deposit the funds in Pounds Sterling, Euros or American Dollars at bank account level.