Identity in Payment, Banking, Transit, Loyalty, Parking

Precise develops smart cases for mobile devices

Thursday, January 26, 2012

Precise Biometrics has developed a new line of “smart cases” for brands of tablets and smart phones to be released in 2012 and 2013. The new smart cases have built-in card reader and fingerprint sensor enabling users to both secure their devices as well as replace various password-based security for protected online sites and applications.

The various problems Precise expects their new smart cases to solve include enabling government workers that need to scan smart cards in order to gain access to secured sites to access those sites from their mobile device. 

SHAZAM chooses Adaptive Payment mobile POS app

Thursday, January 26, 2012

SHAZAM, a member-owned and -controlled EFT network and processor, has chosen Adaptive Payments’ Pentagon mobile POS payments application. With the Pentagon platform, merchants can accept PIN debit, signature debit and credit transactions from iPhone and Android phones and tablets.

Pentagon uses Adaptive Payments’ 5DSecure five factor-dual channel authentication technology for PIN debit transactional authentication by using the customer’s smart device for PIN capture combined with outside-of-band authentication technology. PIN information is kept separate from the cardholder’s card data and personal information through a second channel. 

Barnes International complies with latest Visa Global Personalization Requirements

Thursday, January 26, 2012

Barnes International announced that its updated Visa GPR Test module now complies with the latest version of Visa’s Global Personalization Requirements.

The updated test tool will offer evaluation of a chip product to ensure it meets industry and payment scheme certification standards. This reduces a product’s time to market as the chip is aligned to Visa Specifications throughout the development life cycle and before applying for official Visa approval. 

Episode 90: Visa explains online EMV

Thursday, January 26, 2012

Visa made waves in August when it unveiled a road map to move the U.S. to EMV and then again in January when the company said that the country’s deployment wouldn’t be chip and PIN. Stephanie Ericksen, head of Authentication Product Integration at Visa USA, talk to Regarding ID’s Gina Jordan about the move and why the U.S. will have a different solution than what other typically associate with EMV. “One thing that we’re trying to clarify is there are many countries around the world that have adopted EMV chip technology, but it’s not chip and PIN,” Ericksen says.



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Singapore sets mandates for ATM cards with smart chips

Monday, January 23, 2012

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 been in the works for some time but was accelerated when DBS Bank was attacked by a fraud scam. 

SmartMetric introduces biometric-enhanced EMV card

Thursday, January 19, 2012

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 to fraud attacks, even though they are safer than a magnetic stripe card. 

Research forecasts voice biometrics a major player in payments

Wednesday, January 18, 2012

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 of smart phones for banking and other financial services.