Shipments of hardware-based secure password solutions, including one-time-password (OTP) generators, portable smart card readers and USB tokens will equal 1.8 billion units by the end of 2016, according to ABI Research’s latest study. ABI’s “On-line ID & Authentication” provides regional forecasts for biometric sensors in mobile devices, browser-based and mobile device software, OTP generators, portable […]

Auto-resolution technology provider Aeptra and authentication services firm TrustID have formed a technology partnership to improve financial institutions’ ability to recognize and prevent telephone-based fraud. In this partnership, the companies have integrated Adeptra’s Decision Engine product with TrustID’s Automatic Caller Authentication to create a solution that credentials callers’ identities and detects and prevents caller-ID and […]

Global private equity firm Advent International completed the acquisition of the Card Systems and Identity divisions of Oberthur Technologies, after workers’ council consultation and market authorities’ approval of the transaction. Advent and its management now control 90% of Oberthur’s capital, with the remaining 10% stake being held by Oberthur group founder Jean-Pierre Savare and his […]

Metro Inc. is partnering with Visa to bring payWave contactless payments to its chain of 600 grocery stores across Ontario and Quebec. Beginning early next year, shoppers at Metro, Metro Plus, Super C and Food Basics will be able to pay for items with a tap of a contactless Visa credit or debit card against […]

Louisville, Ky.-based Electronic Verification Systems (EVS) has announced it’s planning to concentrate on providing fraud prevention and identity verification products for the FFIEC supplemental guidance to authentication in an Internet banking environment. EVS plans to do this through its IdentiFlo Management Platform, which provides upfront identity verification as assurance that out-of-band authentication is accurately maintained. […]

Marc Kekicheff, Visa’s senior business leader of chip innovation, has been re-elected chairman of GlobalPlatform, the group that standardizes the management of secure chip technology. Uwe Wittig, group vice president, payment division for Giesecke & Devrient, will remain the organization’s vice chair. In addition, Yves Moulart, director of development and innovation for STMicroelectronics, will remain […]

University of California Riverside (UCR) is in the process of investigating an incident which may have lead to hackers gaining access to more than 5,000 individual credit/debit card numbers. The university reported that campus cash registers at food services locations were the site of the cyber attack which allowed hackers to have unauthorized access to […]