Banking 2020

NOVEMBER 12, 2014

If you haven’t already heard of them, EyeVerify developed mobile authentication technology they call Eyeprint ID, that replaces traditional passwords with the uniqueness of the human eye, or your “eyeprint.” How does this technology reduce costs to the traditional banking business? Users hate passwords.

System 101

System Security Groups Mobile 101

Banking 2020

OCTOBER 12, 2015

Named after the three organisations that developed the specifications – Europay, MasterCard and Visa – EMV is the global benchmark for credit and debit cards that incorporate chip technology. EMV cards have embedded microprocessors that make them much more secure than traditional magnetic stripe cards. Who uses EMV?

Fraud 40

Fraud Cards Security Data 40

Banking 2020

AUGUST 27, 2015

One new approach that banks are exploring to mitigate this particular vector of fraud is the notion of using smartphones as a second factor of authentication since most people always have their phone with them. Security and mitigating losses from skimming ultimately will be what banks care about most.

ATM 40

ATM User Experience Fraud UX 40

Banking 2020

JANUARY 25, 2016

Biometric technology is the new frontier for payment authentication; enabling providers to put an end to passwords and PINs. Facial recognition technology is taking off, while card-less payments using palm vein authentication technology are now possible. In truth, no security system is 100 percent safe. Mind over matter.

Security 40

Security System Technology New York 40

Banking 2020

DECEMBER 16, 2014

Are you adding any additional security or authentication on top of provisions within the Apple Pay service? We believe the security measures implemented by Apple and Visa are sufficient. In adopting Apple Pay, did you view this as a welcome technology? Is there a general sense of excitement or anxiety from your employees?

Apple 84

Apple America Training Cards 84

Banking 2020

NOVEMBER 8, 2015

Clearly MasterCard is banking on consumers not being put off by the prospect of authenticating a contactless transaction. In terms of fraud, there is a strong case for contactless transactions even with a layer or two of extra processes like inputting a PIN. Fraud question.

Payments 40

Payments Fraud Cards Retail 40

Banking 2020

OCTOBER 16, 2014

An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA. Voices administrator malware security spam'

New York 78

New York New York City System Massachusetts 78

Banking 2020

FEBRUARY 25, 2015

As we’ve all been told time and again, these younger consumers drive new app development by being ultra-fickle: They switch between technologies—and by extension, between financial services providers—almost on a whim, loyalty be damned. They also have more disposable income, spend more online and could benefit more from technology assistance.

Online 40

Online Millennials Video Technology 40

Javelin Strategy & Research

FEBRUARY 1, 2022

2022 Cyber-Trust in Banking Scorecard Javelin Report Date: September 27, 2022 Authors: Suzanne Sando , Alexander Franks Research Topic(s): Cybersecurity , Fraud & Security For consumers to trust their financial institutions, their expectations need to be met and exceeded. The scorecard assesses five companies examined in a.

Report 40

Report Digital Banking Fraud Mobile 40

Banking 2020

JUNE 11, 2015

EMV is intended to replace the magnetic stripe with a more secure chip-based technology. PIN authentication is the most effective approach to maximize fraud protection, however, the authentication method is up to the credit card issuing bank. However, fraud prevention comes at a price.

Cards 40

Cards Fraud System Security 40