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NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . Each $1 of fraud costs retailers $3.13. .

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FEBRUARY 9, 2020

Ransomware cyber-attacks are up 41 percent over last year, with 205,280 enterprises having lost access to hacked files, according to data from the ransomware security firm Emsisoft. Companies paid an average of $84,116 in the last quarter of 2019 to get their files back from online thieves, according to data from security firm Coveware.

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OCTOBER 19, 2020

A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns. How Cloud Systems Accelerate And Secure Cross-border Payments. Studies have found that cloud networks experience 60 percent fewer security incidents than traditional data centers.

Technology 193

Technology Payments Security Survey 193

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JUNE 17, 2019

Smart technology is what makes ordering by voice and remotely monitoring your home possible. Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology.

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JANUARY 27, 2021

Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously. Digital fraud’s scope is hard to overstate, yet banks are deploying emerging technologies to minimize its impact.

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JUNE 13, 2019

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims. 22 billion: Projected over-the-top (OTT) media revenue for 2019. All this, Today In Data.

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JANUARY 12, 2021

Powered by internet of things (IoT) technology, HomeValet’s smart box can store frozen, refrigerated and pantry items at three different controlled temperature ranges. The smart box technology will provide the delivery driver with secure access to the box. Delivery is secure and contactless and will stay fresh.

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DECEMBER 11, 2018

A new report from consulting firm Protiviti finds corporate c-level executives have shown a sudden spike in their concern over the “digital readiness” of their organizations, particularly as older companies struggle to embrace technology and compete with “born digital” players. ” A Closer Look At The Risks.

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NOVEMBER 20, 2020

The space has experienced robust expansion, with one report noting that more than 17 million consumers around the globe joined CUs in 2019. Getting the customer service angle right is so crucial to CUs’ success that many CUs are investing in emerging technologies to help them better hit their marks. Using AI to Meet Members’ Needs.

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APRIL 24, 2020

Some have added support for in-branch digital technologies such as video banking screens and upgraded ATMs to minimize in-person contact while making sure customers’ needs are met, for example. Digital Technologies Under COVID-19. British FI Nationwide U.K. Several U.K.

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APRIL 8, 2019

Worldwide spending on information technology is expected to reach about $4 trillion in 2019, according to a report by CNBC. Those numbers come from global research and advisory firm Gartner, which also predicts that companies will spend $125 billion on cybersecurity alone in 2019. Logistics and shipping brought to their knees.

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JUNE 17, 2019

The smart technology field continues to be hampered by security issues even as solutions in the space are put to use in many cases. In pet technology news, Pawscout is helping owners find their wayward pets with a Bluetooth-enabled tag as pet retail becomes a fierce battleground. All this, Today In Data. All this, Today In Data.

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JULY 16, 2019

This marks the eighth major cyberattack on a cryptocurrency in 2019 and is one of the largest. The hackers were able to pass security checks completely, although the company acted quickly and halted all withdrawals once aware of the breach. Likewise, Bithumb , a South-Korean crypto exchange, confirmed the hack of $13.1 And on Jan.

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Insights on Business

JANUARY 17, 2019

IBM will be hosting IBM Think 2019 from February 12-15 this year at a new location in San Francisco, CA. Digitally transforming operations, operating models and technologies to compete in a changing industry structure. Digitally transforming operations, operating models and technologies to compete in a changing industry structure.

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DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.

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SEPTEMBER 10, 2019

Infrastructure can be varied, too, in terms of technology. These include security and grappling with legacy systems in the embrace of real-time payments. 57: Number of real-time payments schemes operating worldwide in 2019. 72: Number of countries across which payment schemes operate in 2019.

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FEBRUARY 28, 2019

It was led by “Energize Ventures and Lux Capital, each of whom invests heavily in companies, fundamentally advancing how society implements and utilizes advances in technology,” Zededa said in a statement. IoT Security Concerns. Security Upgrades? percent by 2024.

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DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. But beyond the sales pitch, technology, too, can be an aid to a crime.

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DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G phones in the first half of 2019, underscoring the near-term approach of increased mobile speeds and other features of 5G.

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DECEMBER 24, 2019

The fact was, then, blockchain was synonymous with crypto, and now, increasingly, blockchain has become divorced from digital coins, and championed for its ability to securely record transactions (where, at least conceivably, anything can change hands, from art to legal contracts) far beyond the confines of digital money.

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MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

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Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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APRIL 4, 2019

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. 20 percent: Share of CUs that prioritized growing mortgage loans in 2019, down from 52 percent in 2018. All this, Today In Data. million: Number of credit union members in the U.S.

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NOVEMBER 9, 2018

Bottomline Technologies posted fiscal first quarter results that showed subscription and transaction revenue growth of double digits as management pointed to opportunities and gains in the B2B payments space. million. All told then, subscription and transaction revenues — primarily across the company’s cloud platforms — were $69.8

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DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. Cashierless Checkout.

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NOVEMBER 13, 2020

Technologies such as automation and blockchain are thus receiving more attention from businesses, especially as the volume of data that accompanies cross-border transactions expands. Speed and security have always been a priority for firms in this space, but the pandemic is placing added weight on these considerations.

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PYMNTS

DECEMBER 28, 2018

It’s going to be a significant conundrum for banks servicing small businesses in 2019: how to cut costs and invest in digitization, while maintaining a strong relationship with clients and providing the advisory services they need. Bank technology provider nCino has kept this challenge in mind throughout 2018. we’re even seeing?

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MARCH 25, 2019

Thus, IoT security is becoming an essential part of modern conversations. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based A lot of the devices we’re talking about have no security. They weren’t built with security in mind, and there really isn’t any way to patch them.”.

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NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . A silver lining exists, however. It also outlines some of the frictions entities face when doing so. .

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FEBRUARY 3, 2020

Such transparency between buyers and sellers allows the economy to quickly grow — but also presents fraud and security challenges. Tapping details that complicated requires technologies able to isolate patterns invisible to humans. percent worldwide during 2019 despite anti-fraud innovation efforts.

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PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. Here are the five potential IPOs related to payments, commerce and digital technology that could happen within the next 12 months.

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PYMNTS

MAY 2, 2019

Bottomline Technologies on Thursday (May 2) posted a 12 percent year-over-year gain in subscription and transaction revenue for the payment services provider’s fiscal third quarter 2019, which ended March 31. Those revenues hit $75.5 million, according to Bottomline’s latest financial release. Overall revenue reached $106.4

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JUNE 24, 2020

Still, the CEO said Zopa placed a priority on developing and owning its own technology. billion) in April, more than five times higher than the same month in 2019, Janardana said Zopa would offer “competitive” interest rates. “Capital One was one of the earlier disrupters,” Janardana said. It’s been a good school for people.”.

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JULY 17, 2019

Pioneers of the first diamond-coated unclonable security tag for supply chain security and end-to-end tracking, DUST Identity has announced $10 million in Series A funding. The company’s technology addresses growing vulnerabilities and security disruptions as global value chains become more digital and dynamic.

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PYMNTS

APRIL 16, 2020

Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption. The current pandemic could encourage greater uptake of automation tools and other AP technologies.

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JUNE 12, 2019

In B2B news, Visa is launching an end-to-end payments network called Visa B2B Connect , which is built on elements of distributed ledger technology and the open-source Hyperledger Fabric framework. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. All this, Today In Data.

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PYMNTS

AUGUST 4, 2020

Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis Center.

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