Remove Banking 2020 Remove Cards Remove Management Remove Security
article thumbnail

CIT Bank 2020 Review

MyBankTracker

It comes with a debit card and online bill payment capabilities. Since there are no physical branches, digital banking tools are crucial to helping customers access and manage their CIT Bank accounts. And, they should be more than enough to handle the majority of everyday banking transactions. Related Articles.

article thumbnail

Four key NFC security questions

Banking 2020

These are just some of the questions around NFC – the technology that enables the bulk of today’s contactless payments – addressed in a new whitepaper that seeks to address the key issues around payment security. Key risks are around the data stored on the handset, such as card details, and access to mobile banking logins.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Ways to Avoid Banking Security Risks

Banking 2020

Given the targeted activism of hackers who have seen quick successes in massive hacks, now more than ever, banking security has been questioned. The trust that people have in banks comes in question even when a minor discrepancy is seen in a bank’s standards of security. Train employees and customers.

article thumbnail

Biometric security not all it’s cracked up to be?

Banking 2020

Biometric authentication has rightly been hailed as a safer and more secure way to verify the person initiating a payment. As we’ve moved from signature cards to PINs, so the next step is from the PIN to a fingerprint scan, pulse monitor or iris sensor. But is biometric data as secure as we imagine it to be? million individuals.

article thumbnail

EMV Chip Cards: It’s Time to Educate Your Small Business Customers

Banking 2020

Big changes are happening in the credit card processing industry that will impact every business accepting credit card payments. Ideally, once EMV is fully deployed, credit cards will no longer be “swiped”. EMV is intended to replace the magnetic stripe with a more secure chip-based technology.

Cards 40
article thumbnail

French chip and PIN hack ‘most sophisticated ever’

Banking 2020

As the US comes out of its first post-EMV liability shift months, it’s worth looking at how chip cards have evolved over the years to improve security and how lessons learnt in other countries have made smart cards more secure than ever. These were card-present frauds that managed to nullify the PIN.

Fraud 40
article thumbnail

Google, Samsung join MasterCard tokenization scheme

Banking 2020

Tokenization is an important step for securing payments, particularly for contactless transactions. In tokenization, the card’s primary account number (PAN) is replaced with an alternate card number called a token. What is tokenization? Tokenization confusion.

Samsung 40