banks

Banks Benefit from Behavioral Biometrics: BioCatch

Banks Benefit from Behavioral Biometrics: BioCatch

While banks have always seen security and fighting fraud as a key priority, they’ve also been eager to adopt innovative solutions like behavioral biometrics out of a concern for customer service and operational efficiency, says BioCatch Head of Analytics Dr. Shira Mintz. In an interview on the company’s blog, Mintz says banks are “in a…

Apple Pay Wins Support of Singapore Banks

Apple Pay Wins Support of Singapore Banks

Only a little more than a month after launching in Singapore with only American Express support, Apple Pay now has five of the country’s major banks on board. Accounting for over 80 percent of the MasterCard and Visa cards issued in the country, DBS, OCBC, POSB, United Overseas Bank, and Standard Chartered Bank all now…

Apple Pay To Finally Get Barclays Support

Apple Pay To Finally Get Barclays Support

It looks like Apple Pay is finally going to get the support Barclays has long promised. The UK bank has confirmed, via an email reply to a customer inquiry, that its customers will be able to start integrating their payment cards into the mPayment app “within the next 60 to 75 days.” Having held out…

Morpho to Produce Smart Payment Cards for Brazilian Banks

Morpho (Safran) has entered into a new partnership with Elo, a Brazilian payment card brand that works with Banco do Brasil, Bradesco, and CAIXA, three of the country’s major banks. The agreement will see Morpho do Brasil manufacture smart card modules for the company. Morpho has developed a custom smart card solution for Elo designed…

Apple Pay Still Finding Friction Down Under

Apple Pay Still Finding Friction Down Under

Apple is still locking horns with Australia’s major banks as the company negotiates to extend the presence of its mPayment platform in the country. Apple Pay recently launched in the country, but, as was in the case in its Canadian debut, it started with only American Express support. That’s because Amex issues its own cards…

Early Warning Announces Comprehensive Enterprise Authentication Platform

Early Warning Announces Comprehensive Enterprise Authentication Platform

Early Warning, a risk management and fraud prevention company owned by five major American banks, has announced its latest offering, the Authentify Platform. Aimed at the enterprise level, the Authentify Platform is designed to offer companies a mean of managing various authentication methods via one interface. According to the company, these methods include two-factor, out-of-band…

FIDO Welcomes ING and USAA to Board

FIDO Welcomes ING and USAA to Board

Two major new financial institutions have joined the ranks of the FIDO Alliance board of directors. Netherlands-based ING and American credit union USAA now join other prominent financial concerns like PayPal, MasterCard, and Visa on the 25-member board. ING operates in more than 40 countries and is the top ‘diversified financials’ company on the DOW, and…

Aite Highlights NuData as Leader Behavioral Analytics

Aite Highlights NuData as Leader Behavioral Analytics

Aite Group, a market research firm specializing in the financial services sector, has released a new report on digital fraud mitigation. In it, research director Julie Conroy finds that there is a growing place for behavioral analytics systems such as the one offered by NuData Security. The research was conducted this past spring and involved…