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Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Likewise, Alphabet reported a strong Q3, thanks in large part to renewed consumer spend.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

The IRS could administer the credit, he noted, and the companies that receive this credit should also be encouraged to follow the NIST Cyber Security Framework. As of January, over 75 percent of Americans have utilized mobile banking to transfer money and cash checks.

US 227
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TeleSign Offers New iOS Capabilities For App Verify, Protects From Fraud

PYMNTS

TeleSign , the world’s first end-to-end communications platform as a service, announced new iOS capabilities for its mobile app verification service, App Verify. TeleSign’s Fraud Report found that 64 percent of companies prioritize smooth and simple user registration and account verification over cyber security needs.

Fraud 100
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Data: Mobile's loose grip on holiday spending

Payments Source

But even when going into a brick-and-mortar store, these consumers don't leave their digital habits behind; many still prefer to pay by mobile or wearable when the option presents itself. Across all age groups, many consumers still prefer shopping in stores for various reasons.

Mobile 102
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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

The chosen tech company must have at least two years of experience and a “proven track record of developing and launching mobile applications.”. It is also expected that it would help increase financial inclusion in Sri Lanka.”. Sri Lanka joins a list of countries that is looking to embrace blockchain.

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More progress for biometrics as TSB launches mobile iris scanning

NCR

The sector has witnessed some big strides forward in this field, including TSB’s incorporation of iris scanning into its mobile app. Its mobile app was revamped and relaunched in recent months, based on the new Proteo4UK IT banking platform. It is the first bank in Europe to provide this capability.

Mobile 51
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How mobile POS devices succumb to hackers

Payments Source

Security researchers are uncovering widespread vulnerabilities in several popular mobile point-of-sale systems, which have become increasingly popular in recent years among many types of merchants large and small.

Mobile 63