Isis, the mobile wallet initiative that has the backing of AT&T; Mobility, T-Mobile USA, and Verizon Wireless, released today on the Google Play store. To use Isis, you need to be a subscriber to one of these three carriers, download the Isis app on an NFC enabled phone, and also install a SIM card with a secure element (some carriers make you pay for the SIM).
Payment Week recently sat down with the PCI Security Standards Council’s GM Bob Russo and CTI Troy Leach to discuss the payment industry and the council’s newest version of data security standards, PCI DSS 3.0.
FICO, best known for providing analytics and credit card scores here in the US, has partnered with ValidSoft to provide new security measures in the mobile and card payment space.
New York based mobile-phone security company, Payfone, has inked a deal for $10 million in funding from Early Warning Services.
For some consumers, contactless cards have been a concern. Some have reported being charged for payments they never made, or have been charged while accidentally getting their wallet or purse too close to a card reader.
Signifyd, a new platform that provides fraud protection has launched an e-commerce service designed to assess suspect transactions, and to mitigate wrongfully declined purchases.
The U.S. is driven by plastic. In 2012, it was estimated that there were 1.2 billion credit cards in the U.S. alone. They’re everywhere, and with changing technologies and consumer trends, credit cards have seen a spike in instances of fraud.
Dexter, a Windows-based piece of malware that has infected point-of-sale systems worldwide since its discovery late in the middle of 2012 has resurfaced in South Africa.
Visa, MasterCard and American Express are joining forces in an effort to overhaul digital payment processing. The credit leaders have called for new technology that would replace traditional account numbers with “tokens” used in online and mobile transactions. Their proposal aims to enhance payment protection and simplify the digital purchasing process.
PayPal is currently testing a checkout method that is based on facial recognition– it’s not quite “pay with your face” like in a science fiction film, but it’s close. The small trial began in London in a dozen stores.