In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore. The Strait Times reports that by 2014 all ATM cards will need to have smart chips embedded in them to increase their security. This plan has […]

In an effort to increase the security of the current EMV chip and PIN, SmartMetric has created an EMV card enhanced with biometrics. The SmartMetric Chip & Biometric EMV Card incorporates fingerprints to activate the card. It’s designed to increase the security of standard EMV chip and PIN cards, which SmartMetric claims are still vulnerable […]

ValidSoft partnered with Opus Research and released a report titled “Voice Biometrics Authentication Best Practices: Overcoming Obstacles to Adoption” that predicts the technology will be deployed in payment authentication assuming the best practices it lays out are followed. Chief among the reasons for an increase n the use of the modality is the increased use […]

EMV in the U.S. won’t be chip and PIN but instead a new technology that takes advantage of the online infrastructure available in the U.S., according to Stephanie Ericksen, head of Authentication Product Integration at Visa USA. In the U.S. payment transactions are authorized in real time. In other countries this connectivity doesn’t exist which […]

NagraID demonstrated its latest line of display cards at this year’s ShowStoppers@CES exhibition at the Wynn Las Vegas hotel. These display cards enable cardholders to use one device for payment, physical access, online account security and transactions for card not present environments. The credit card-sized display cards contain an integrated LCD for displaying single-use passwords, […]

Internet fraud prevention and user authentication provider TeleSign and IP geolocation and online fraud detection company MaxMind have joined forces to create a multilayer fraud prevention service. The minFraud service integrated with TeleSign Telephone Verification and PhoneID combines MaxMind’s geolocation and fraud-risk scoring services with the TeleSign verification services to fight various types of fraud. […]

More than three-quarters POS terminals enabled Adoption of EMV as the universal payment standard gained further traction in 2011, with official figures revealing that more than 42% of all payment cards and nearly 76% of all terminals in circulation globally are based on EMV technology. These numbers, however, do not reflect the U.S. The figures […]