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Card Safeguard

Independent Banker

Tokenization returns to card-security spotlight after smart chips. Now that many community banks have issued credit and debit cards with anti-skimming smart chips, the industry is returning to an earlier focus on another card security measure: tokenization. By Elizabeth Judd and Tim Cook.

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From The Phone To Email: How Scammers Hit SMBs

PYMNTS

When Maryland Attorney General (AG) Brian E. A recent string of attacks in the state has seen criminals seeking payment via prepaid card solution Green Dot , urging small business owners and professionals to load money onto the Green Dot card and sent it to them. “This is a scam, pure and simple.

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We

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Innovation Conversations: Rockland Trust

Independent Banker

YourBanker is housed within the community bank’s online and mobile platforms, allowing customers to connect directly with a Rockland Trust team member from a carousel of “cards.” Customers can also choose from a series of cards containing a banker’s name, title, areas of expertise and a fun fact to start up a new relationship.

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Strategies for fighting remote authentication fraud

Independent Banker

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Since the pandemic started, Crowe says, more customers are opening online or mobile accounts and making remote payments. Online U.S. Elizabeth Judd is a writer in Maryland.

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Boosting Access To Financial Services In Brazil

PYMNTS

A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system. Identity Devices Sweden AB will provide a new biometric privacy platform (BPP) to Aadhaar, essentially adding a new layer of security to its online and offline authentication systems.

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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Those who are unbanked pay to cash their checks, to get money orders to pay their bills and to buy and use prepaid cards. SNAP online . The USDA is in the process of rolling out a pilot program that will allow SNAP program enrollees to buy groceries online. Is there any way out of that?

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