Befuddled and confused about EMV

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

Those needing to update their infrastructure to support EMV might be befuddled and confused by chip and signature, but wrongdoers have it all figured out.

Report: Biometric device shipments for financial industry to total 212M units by 2024

August 26, 2015

Tractica anticipates that finance biometrics hardware and software revenue will increase from $126 million in 2015 to $2.2 billion in 2024.

First Tech, MasterCard pilot puts selfies to the test

August 21, 2015

'Selfie Pay' will test the use of facial recognition and fingerprint ID for online credit and debit card purchases transacted via smartphone.

No sunglasses, no hats — and definitely, no balaclavas

August 21, 2015

As South Korea prepares to roll out facial recognition software on ATMs, users of the machines are being advised to be recognizable.

Biometrics: The key to secure, convenient ATM transactions

There are no longer valid technical reasons why we should continue to expose ourselves to crime through the use of dated security systems and practices.

Third fraudster pleads guilty in cross-country ATM caper

August 20, 2015

Three co-conspirators skimmed data in Europe and then took a US road trip, stopping at ATMs every few miles to withdraw cash using counterfeit cards.

Partnership ups the effectiveness of check fraud detection

August 20, 2015

IMM and Advanced Fraud Solutions say they are now able to provide almost real-time notification of potentially fraudulent check transactions.

Facial recognition market to see CAGR of 9.5 pct through 2022

August 14, 2015

According to a new report, the value of the facial recognition market will more than double within the next several years.

Preview: 2015 ATM & Mobile Innovation Summit

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Technology offers new ways for consumers to hold, control and spend their money. This summit promises to help execs get their arms around the former and meet…

Kaspersky Q2 IT report highlights mobile security threat

August 11, 2015

The report finds a nearly threefold increase in mobile malware in the quarter, in addition to cyberespionage attacks targeting SMBs.

Enhanced batch check service adds counterfeit notification

August 11, 2015

Early Warning's enhanced batch deposit check service alerts an institution to the likelihood that an item might be counterfeit.

Taiwanese bank takes a look at facial recognition for ATMs

August 11, 2015

In a pilot test, CTBC Bank is assessing the technology as a potential replacement for ATM cards and PINs.

The PIN is passé; biometric is BIG

It's not just about mobile payments — ATM transactions and POS payments rely on the PIN, but could easily adapt to biometric authentication.

Study: US generates 21 pct. of card volume, 48 pct. of card fraud

August 6, 2015

The Nilson report attributes lopsided US statistics to the fact that the nation has not yet moved to EMV, and predicts that loss totals will only go higher.

GRG certifies TSS ATM key management system

August 3, 2015

Certification paves the way for GRG ATM owners to use remote key loading to establish the initial encrypting key for their ATMs.

Money mules a stubborn problem for ATM operators

Money mules are the "last mile" to launder funds gained from illegal activity — and ATMs are often their first stop.

Fiserv, Fujitsu to offer PalmSecure customer ID in branches

July 27, 2015

Banks that integrate the secure palm vein biometrics solution into their DNA IT platform will be better able to protect their customers from fraud, the…

MasterCard invites customer input at digital security lab

July 27, 2015

The broadened mandate of the lab will encourage joint problem-solving for fraud and risk in payments, MasterCard says.

More than 5,500 organizations line up for .bank domain

July 24, 2015

Only verified and approved organizations may use the the top-level domain, whose features include strong encryption and authentication requirements.

Blink and you'll get it!

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

Picture this: MasterCard is piloting a security scheme that will approve bankcard purchases with a selfie — and a blink.