digital payments

FIDO, EMVco and W3C Assemble Web Payment Security Interest Group

FIDO, EMVco and W3C Assemble Web Payment Security Interest Group

“This could prove to be an important step forward in online security as more and more payment transactions are performed over online channels.” The biggest industry associations in the fields of payments, the internet, and authentication have announced a new cross-industry interest group aimed at fostering security and interoperability for online payments. The groups involved…

IDEMIA Combines Business Units Into New ‘SET’ Division

IDEMIA Combines Business Units Into New ‘SET’ Division

“The company’s Financial Institutions, Connected Objects, and Mobile Operators divisions are all joining together to form the Secure Enterprise Transactions, or SET, division.” IDEMIA has announced further changes to its corporate structure, a little over a year after its last major overhaul. Essentially, the changes comprise the consolidation of three previously discrete business units. The…

SiriusXM and Visa Bringing Biometric Payments to the Connected Car

SiriusXM and Visa Bringing Biometric Payments to the Connected Car

“…the system will use biometric authentication to confirm the payments, with Visa and SiriusXM suggesting in a statement that they’re consider the use of voice recognition and fingerprint scanning through the dashboard’s touchscreen.” SiriusXM is getting into the payments business, with a Visa partnership aimed at delivering in-car payments to consumers. Thanks to the companies’…

India’s Postal Service Launches Digital Banking Platform

India’s Postal Service Launches Digital Banking Platform

“Cardholders can access their online accounts and perform transactions by scanning the QR code on the card, and then performing biometric authentication.” India’s postal service is launching a new digital banking service that includes a feature allowing customers to perform transactions using a QR code and biometric authentication. The overall aim of the newly-launched India…

Nok Nok Labs Assists FIDO Push Into European Regulatory Process

Nok Nok Labs Assists FIDO Push Into European Regulatory Process

Nok Nok Labs is optimistic about the future of digital payments in Europe. With the European Banking Authority considering new standards for payment security across the European Union via its Directive on Payments Services, or “PSD2”, Nok Nok Labs has worked with the FIDO Alliance to draft recommendations on user authentication. The comments were submitted…

Worldcore Relies on Voice Biometrics for Payment Authentication

Worldcore Relies on Voice Biometrics for Payment Authentication

A new digital payments platform is aiming to use voice biometrics as a secure means of customer authentication. Called Worldcore, the company aims to be the first European Union-regulated payment platform. It’s currently seeking PCI DSS Level 1 certification, with an eye to launching its e-commerce solution by this summer. And a major component of…

Sesames Winners Reflect Trends in Digital Payments

Sesames Winners Reflect Trends in Digital Payments

The organizers of this year’s Cartes Secure Connexions event have announced the winners of their Sesames Awards. Reflecting broader market trends, many of this year’s Sesames winners are involved in digital security, and mobile commerce and payments. Oberthur Technologies was the big winner, having taken awards in three of the 11 categories. Its EMV payment…

Biometrics Are Paying Off For MasterCard

Biometrics Are Paying Off For MasterCard

MasterCard has posted its fiscal results for the third quarter, and they are pretty much what you’d expect for one of the world’s largest financial services institutions. The company raked in $2.5 billion in revenues, resulting in a net income of $977 million. That brings the year-to-date totals to $7.2 billion in revenue and $2.9…