Tomorrow's Transactions

DECEMBER 14, 2022

Yesterday marked the 10 year anniversary of Contactless on TfL buses; a new generation of fare collection was born that delivered convenience beyond anything that had gone before for customers and much needed cost savings for TfL. Consult Hyperion were engaged by TfL to figure out the means by which contactless could be accepted at… Continue reading A decade of tapping on TfL buses.

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Tomorrow's Transactions

SEPTEMBER 16, 2022

If we think about the idea of digital identity in the internet of things then luxury goods such as watches make for an interesting example. How would you tell a fake Rolex from a real one in an always-on, interconnected world? You might say just put a hologram in it, or a chip that can’t… Continue reading The Identity of Things: Products and Provenance.

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Tomorrow's Transactions

JULY 26, 2022

CBDCs are everywhere – and nowhere. Everyone is discussing them, but almost no one is actually deploying them. Sure, this is in part due to the early stage thinking that is going into working out what is actually required but it’s also due to the tricky business of actually working out how they would be… Continue reading CBDC’s – wallets, liability and acceptance.

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Tomorrow's Transactions

JUNE 28, 2022

I had the privilege to chair a discussion about identity in the metaverse at the Identiverse conference in Denver in June 2022, and had great fun discussing the new landscape for identity with Heather Vescent, Jonathan Howle, Katryna Dow and Gopal Padinjaruveetil. In order to frame my thoughts and get the discussion about identity and… Continue reading Identity in the Metaverse.

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Tomorrow's Transactions

MAY 17, 2022

This week, a press release from China announced they had expanded acceptance of the digital Yuan onto public transport in 12 cities. China has led the way in the development of a Central Bank Digital Currency (CBDC), launching a trial in 2020 which has been expanding steadily. But what does this mean? What is a… Continue reading Do I need to upgrade my Fare Collection system to support CBDC?

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Tomorrow's Transactions

APRIL 26, 2022

A wallet is a way of organising things. My Apple Wallet, just like my real wallet, doesn’t have any cash in it. It has credit cards, debit cards, loyalty cards, vaccination records, boarding passes, train tickets and driving licences (Apple have just gone live with their driving licence and state in Arizona). These things are… Continue reading What Exactly Is A Smart Wallet?

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Tomorrow's Transactions

APRIL 19, 2022

Contactless Card Acceptance Solutions to enable Android phones to be used to accept EMV contactless card payments without requiring additional hardware have been around for a while. We’ve been advising and helping our clients architect, secure, build and certify SoftPOS solutions for the last 5 years. However, this has not been possible on iOS devices,… Continue reading Apple Finally Enables Payment Card Acceptance on iPhone.

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Tomorrow's Transactions

APRIL 13, 2022

Improving Cardholder Authentication On-card fingerprint readers have been in development for a few years now, with a number of products now in market from vendors such as Fingerprint Cards, Zwipe, Idemia and G+D. On-card fingerprint readers add an inherence authentication factor to payment cards for use in face-to-face retail transactions. Inherence factors rely on checking… Continue reading Biometrics on Cards.

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Tomorrow's Transactions

MARCH 15, 2022

Developing secure software and systems is hard. Even if the most experienced engineers use the best tools and follow best practices, bugs and vulnerabilities can slip through. Add to that the amount of legacy or 3rd-party code in use today, developer turnover and the use of outsourcing, and we can see that it is very… Continue reading Arm’s CHERI-Based Morello Prototype Adopts New Approach to Security.

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Tomorrow's Transactions

FEBRUARY 14, 2022

16 years on from PIN day (Valentines Day 2006) how is our relationship with PIN holding up? Last year Dave Birch postulated that PIN was in decline and indeed no longer necessary as our mobile phones make use of various biometrics to authenticate us and our transactions, but as we often remind ourselves in Chyp,… Continue reading PIN: we need to talk about our relationship.

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Tomorrow's Transactions

FEBRUARY 8, 2022

For Safer Internet Day, I thought I’d bring a Mediterranean theme. As a classicist, I frequently switch between ancient and modern, applying time-tested principles to emerging technologies. Plato had it right on data protection: the price of not participating in public life is to be ruled by less able men. I have heard it said… Continue reading Safer Internet Day 2022 – It’s all about you!

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Tomorrow's Transactions

DECEMBER 14, 2021

The human society is now at crossroads – demanding changes in our lifestyle, health choices, economics, and civil liberties. These changes are accelerated by climate change, political response to the pandemic, the need for racial and gender equality, human migration, and of course, a few break-through technologies such as digital automation, data analytics, and machine-learning… Continue reading Be on the smart side of the Great Reset.

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Tomorrow's Transactions

NOVEMBER 26, 2021

Here at Consult Hyperion, we are often involved in design implementation and testing of secure systems on devices such as smart cards and mobile phones for payments, banking and other applications where security is critical. These applications are particularly vulnerable because the device phone or card could be in the attacker’s hand for a considerable… Continue reading Defending secure applications against Jedi mind tricks.

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Tomorrow's Transactions

NOVEMBER 25, 2021

At Consult Hyperion we frequently discuss the implications of financial crime migrating online. You’re less likely to be mugged at the cashpoint but the online environment is of course open to a wider range of attackers, often well hidden, and operating in diverse geographies. Personally, I have little patience with those who cite the ‘Four… Continue reading Children’s Digital Rights.

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Tomorrow's Transactions

NOVEMBER 16, 2021

The biggest news in payments security in the last month concerns allegations that point of sale terminals supplied by PAX Technology have been subverted to have the capability of launching cyberattacks. Details of the allegations can be found at Krebs and Bloomberg; in response, PAX Technology has published a rebuttal. The main allegation seems to… Continue reading Point of Sale cyberattacks – is certification enough?

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Tomorrow's Transactions

NOVEMBER 11, 2021

Have you noticed that some of the best attended events at conferences recently are the investment panels, populated by canny investors talking about where they are currently placing their funds? And so this was the case with Consult Hyperion’s recent webinar The Role of Due Diligence in Investment Cycles, featuring Jonathan Luff Co-Founder of CyLon,… Continue reading The Role of Technical Due Diligence in Investment Cycles.

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Tomorrow's Transactions

OCTOBER 27, 2021

Our most recent webinar was on the topic of QR Codes. As the discussion showed over the past year, driven by the pandemic, businesses have started to realise that QR codes can be used to transform the payments experience – meaning that the utility of QR codes seen in their widespread use in eastern markets… Continue reading QR – codes the comeback (they never really went away).

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Tomorrow's Transactions

SEPTEMBER 17, 2021

Victoria Saporta, BoE executive director for prudential supervision, has said recently that minimum resilience requirements should be required for the tech giants’ (and others’) hosting services, before they may process and store banking data. We strongly support these comments. We have identified this issue as one of a number of new risks arising from modern… Continue reading Big Tech, Financial Data … and resilience for critical infrastructure.

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Tomorrow's Transactions

SEPTEMBER 7, 2021

In our Live 5 for 2021, we said that governance would be a major topic for digital identity this year. Nowhere has this been more true than in the UK, where the government has been diligently working with a wide set of stakeholders to develop its digital identity and attribute trust framework – the rules… Continue reading Will the UK identity framework support decentralised identity?

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Tomorrow's Transactions

AUGUST 3, 2021

Card issuing seems to be hot right now. Despite the rise of alternatives to card payments, many Fintech’s appear intent on adding payment cards to their product portfolios. And it is not just the “me too” start-up banks. For example, some international remittance services are adding payment cards to their offerings. This allows customers to… Continue reading So, you want to be a card issuer?

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Tomorrow's Transactions

JULY 30, 2021

Introduction (by Tim Richards) We were delighted to get a lot of good feedback on Neil’s previous blog on Mondex Memories and CBDCs and its relevance to CBDCs and thought it would be interesting to respond to some of the more interesting – and difficult – points raised in a follow-up blog. Before addressing those… Continue reading On Mondex and CBDCs (again).

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Tomorrow's Transactions

JUNE 17, 2021

I was delighted to be asked to present a keynote at the FIDO Authenticate Summit and chose to focus on digital identity governance, which is something of a hot topic at the moment. Little did I know that the day before my session was recorded the European Commission would propose a monumental change to eIDAS,… Continue reading Digital Identity Wallets are coming.

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Tomorrow's Transactions

MARCH 17, 2021

Every year Consult Hyperion publishes our Live 5. We try to shine a lens on the year ahead and think about what will be impacting our clients. The themes for 2021 are: Contact free Integrated access for transit Instant payment networks Identity governance Micro-location Today I want to explore the topic of micro location from… Continue reading Ultra wide band – the 2nd coming?

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Tomorrow's Transactions

MARCH 8, 2021

As an example of creative thinking in promoting inclusion, I would like to highlight John Patrick Crichton-Stuart, 3rd Marquess of Bute, a thoroughly modern Victorian, educated by his mother until the age of 12. He was ridiculed by society for his progressive views in paying great attention to the education of his daughters as well… Continue reading #IWD2021 – Cybersecurity really is a great place to work.

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Tomorrow's Transactions

MARCH 2, 2021

For the third year running, my colleague Gary Munro facilitated a thought-provoking debate around the use of mobile phones and tablets as contactless payment terminals during last week’s virtual Merchant Payments Ecosystem (MPE) conference. For the last three years, Gary and his panellists have tracked the progress of the SoftPOS technology and standards.

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Tomorrow's Transactions

FEBRUARY 26, 2021

Mar 8, 2021 02:00 PM GMT As International Women’s Day fast approaches, we’re delighted to collaborate with Women in Identity as we jointly #ChooseToChallenge for 2021. As part of our targeted activities for the day, we’re inviting you to a masterclass with Dave Birch – ‘Raising your profile online – when face to face can’t… Continue reading A masterclass with Dave Birch – ‘Raising your profile online – when face to face can’t happen’.

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Tomorrow's Transactions

FEBRUARY 12, 2021

This weekend marks an anniversary. Although Consult Hyperion’s romance with smart cards had started many years before that, it will be fifteen years on Sunday that chip and PIN went live in the UK. I remember St. Valentine’s Day 2006 as if it was yesterday! Roses are yoursViolets are mineIn Blighty we PINThe Yanks still… Continue reading Chip and PIN?

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Tomorrow's Transactions

FEBRUARY 9, 2021

Today marks the 10th anniversary of Safer Internet Day in the UK. Each year Industry, Educators, Regulators, Health & Social Care workers and Parents rally to raise awareness and put into action, plans to tackle findings from significant research on the topic of trust and safety on the internet. This year one of the research… Continue reading Internet Safety Day 2021 – are my children safe?

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Tomorrow's Transactions

DECEMBER 16, 2020

At this time of year my colleague, Dave Birch looks forward, his annual “Live Five” started as a bit of fun, but over the years has become a thought provoking look at what might impact our industry in the coming year, if you haven’t read it yet, please follow this link. As we come to… Continue reading Ruby reflections, 40 years of technology change at work.

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Tomorrow's Transactions

DECEMBER 11, 2020

Guest blog post by Mirela Ciobanu, The Paypers The topic of Central Bank Digital Currency (CBDC) is gaining momentum. Across the globe, many CBDC initiatives aim to digitalise payments, support financial inclusion, make cross border payments faster and cheaper, support fiscal transfer, etc. What is firing up discussions around CBDC and why is it important… Continue reading 5 things you need to know about Central Bank Digital Currencies (CBDC).

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Tomorrow's Transactions

NOVEMBER 17, 2020

At the (sadly, virtual) Fintech South event the year, I was asked to chair a discussion on identity and privacy with three extremely well-qualified experts who had informed perspectives on the state of, and trends in, those important pillars of a digital society. These were Adam Gunther (SVP, Digital Identity for Equifax), Andrew Gowasack (Co-Founder… Continue reading Fintech South 2020 – Maintaining trust and safety in a digital world.

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NOVEMBER 11, 2020

When consumers install software on their devices, they often perform some sort of risk evaluation, even if they don’t consciously realise it. They might consider who provides the software, whether it is from an app-store, what social media says, and whether they have seen any reviews. But what if once a piece of software had… Continue reading Malware Wolves in Developer Sheep’s Clothing.

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OCTOBER 21, 2020

This is the third of three blogs about technologies to support contact-free use of public transport. The radio again – I hear that the Transport Minister for England had just reported that there have been fewer than 400 fines for people failed to wear face covering on public transport. More than 115,000 travellers have been… Continue reading Contact-free public transport (Part 3).

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OCTOBER 5, 2020

Here at Consult Hyperion we tend to go on about the lack of a joined up thinking around government policy on digital identity and source authentication but mostly it doesn’t really affect us personally. I mean, we get this stuff, we can spot a scam a mile off. But sometimes it does get a bit… Continue reading NHS test and trace text messaging scams target vulnerable people.

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OCTOBER 2, 2020

As Consult Hyperion, and as many other analysts, predicted, Covid-19 has driven the adoption and use of contact-free technology at the point of service. A recent survey funded by the National Retail Foundation, found that no-touch payments have increased for 69 percent of US retailers surveyed, since January 2020. In May, Mastercard reported that 78%… Continue reading Payment Card issuance errors; leaving the door wide open for fraudsters.

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Tomorrow's Transactions

SEPTEMBER 24, 2020

Our friends at Smartex challenged its readership to define Digital Identity the other day, with a bottle of wine on offer for the best definition. I’m pleased to say that the bottle of wine was won by Consult Hyperion, with a couple of competition entries submitted. Coming up with a definition for digital identity is… Continue reading Defining Digital Identity.

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SEPTEMBER 22, 2020

The Use of Contact-free is Accelerating At Consult Hyperion, we have already seen the pandemic accelerate the adoption of contact-free payments in the face to face environment as customers have become wary of catching COVID by touching shared devices, such as self-service terminals and PIN pads. The use of personal devices for payments is hardly… Continue reading Contact-free and App Clips in Apple’s iOS 14.

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