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Inside The Fight For Digital Driver’s Licenses

PYMNTS

In the February Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including digital driver’s license initiatives around the country, biometric solutions for credit cards and the growing danger of fake profiles on social media. Developments From Around The World Of Digital ID.

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How FIs Counter Online Debit And Credit Card Skimming

PYMNTS

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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ATM-style security can thwart social-driven account takeovers

Payments Source

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

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Fibank, Mastercard Team For Garmin Pay Transactions In Bulgaria

PYMNTS

Contactless POS payments and ATM transactions will also work with Garmin Pay. Garmin Pay brings us one step further in delivering secure and convenient payment innovations.”. Security is backed by the Mastercard Digital Enablement Service (MDES) technology.

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

In addition, with the passing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), fraud has increased with scams offering to rush stimulus checks to individuals for a fee. Be cautious of any charities requesting donations by cash, gift card, or wire transfer Be alert to “investment opportunities” - The U.S.

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The atomization of payments: Part two

Accenture

Nowadays, communication is dominated by e-mail, texts and social media posts in volumes that dwarf those of the past using paper. Firstly, cards have no role to play. Instead, new business models will emerge, based on the security, resilience and reach of transactions. Precedent and Implications.

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