Cyber security specialist WISeKey has made available its Cryptographic Root of Trust to Japanese IoT manufacturers and Chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt the communication and authenticate the devices.
Agiliance Payment Card Industry (PCI) Data Security Standard (DSS) 3.1 Content Pack has been released. Based on the new PCI DSS 3.1 information security standard, this new content pack provides organizations that handle cardholder information for major debit, credit, prepaid, e-purse, ATM, and point-of-sales cards, with packaged intelligence and best practices to tighten controls and reduce the risk of data breaches and fraud.
Chicago-based Host4ASP.NET released 3 shared ASP.NET hosting packages at the beginning of its establishment. Recently, this web host launched 2 professional hosting solutions for nopCommerce online store owners, which are named as Advance and Business respectively.
NCR is beefing-up its transaction processing solution from Alaric.
The latest release of Authentic has focused on integration, usability and security.
TrustCommerce has extended its mobile payment solution PayWithIt to Android devices. Available on Google Play, PayWithIt is a free mobile Point of Sale (mPOS) app that works in conjunction with a TrustCommerce payment gateway account.
The PCI Security Standards Council (PCI SSC) announced it will convene acquirers and processors to collaborate on payment security solutions for the merchant community. The Acquirer Forum will take place on 2 April alongside TRANSACT15, the Electronic Transaction Association’s marquee global payment technology event in San Francisco.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
More than four out of ten U.S. and U.K. consumers believe using a third party payer such as PayPal or Google Wallet is the safest way to pay for goods online. However, third party payment providers can and will be targeted just the same as the retailers themselves.
The mobile device and network security investments will account for nearly $11 Billion in 2014. The market is further expected to grow at a CAGR of nearly 20% over the next 6 years.
VA-based Phoenix Managed Networks has completed the deployment of VeriFone’s next-generation IntelliNAC i6 network access controller to Phoenix’s PCI compliant transactions network. IntelliNAC has been certified by select payment processors on the Phoenix network and is now processing nearly one hundred million transactions a month.
Fico has been awarded 25 new patents, bringing its patent portfolio to 167 U.S. and foreign patents. These patents were awarded to team members of FICO Labs for inventions underlying the company’s solutions in fraud protection, cybersecurity, predictive analytics and decision management. Ten of the latest patents cover analytic innovations used by FICO’s industry-leading fraud solutions across the financial, healthcare and telecommunications industries. These technologies, many of which are used in the FICO® Falcon® Platform, help improve fraud detection, reduce false positives and improve the customer experience. FICO also received a patent for a consumer-driven secure sockets layer (SSL) modulator. This is a software system and method for executing secure commercial transactions online by enabling unique receipt message encryption to thwart “man-in-the-middle” attacks. FICO was also awarded patents for inventions related to predictive analytics.
Payza online payment platforms for e-commerce, corporate disbursements and remittances formed a strategic relationship to provide credit and debit payment service to merchants based on fully-featured Payza as a Platform enterprise solution. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options. The platform’s business payment module will enable businesses to accept major credit cards, with payments settled directly into their bank account. The recurring billing feature also has a variety of intervals and billing terms, and is created at a product level which allows for additional products to be added to the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.