Open Banking—lessons in technology, security and APIs

Accenture

One of the main reasons it took so long to define the Regulatory Technical Standards (RTS) is the challenge around technology and the development of the necessary application program interfaces (APIs)…. Uncategorized APIs Banking Technology Open Banking Secure Customer Authentication (SCA

Can self-service technology securely reduce COVID-19 risk?

Mobile Payments Today

Technology that allows consumers to control kiosks remotely holds an important clue Can people be sure that self-service devices are being properly maintained to reduce the risk of spread of coronavirus?

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A Future-Ready Approach: Journey to the Cloud

Accenture

Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world.

System 209

Deep Dive: How Advanced Technologies Can Help FIs Power Secure, Seamless User Verification

PYMNTS

This Deep Dive examines how some financial services companies are fine-tuning their approaches with advanced technologies to ensure effective, accurate identity verification. Leveraging Aging Advanced Technologies In AML Efforts .

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Amazon’s Biometric Tech Lets Seattle Whole Food Shoppers Pay by Hand

PYMNTS

Amazon is launching biometric technology at Whole Food stores in Seattle that gives shoppers the ability to pay with a scan of their palms, Reuters reported on Wednesday (April 21). .

Solving for security as contactless payments grow

Payments Source

Digital payments Cyber security Leaders Technology

Six contactless technologies for restaurants in a post-pandemic world

Mobile Payments Today

Restaurants looking to recover from the COVID-19 pandemic should consider a series of contactless ordering and payment technologies that will help bring customers back in a secure and healthy environment

Mastercard Debuts NextGen Contactless Technology

PYMNTS

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS.

Report: Price Of Jumia Technologies Expected To Soar In 2021

PYMNTS

Analyses of investor sentiment and other factors point to the price of Nigeria-based online marketplace Jumia Technologies soaring through 2021 and beyond, London Loves Business reported. ADRs are equity securities that let U.S.

Topcoder On Minding The Financial Security Of Technology Contractors

PYMNTS

Many are thus turning to gig marketplaces, which can help them connect to programmers and other technology professionals, Dave Messinger , chief technology officer at Topcoder , said in an interview with PYMNTS. .

Are Humans the Weak Link in Bank Security, or Is It Outdated Technology?

Bank Innovation

The most vulnerable aspect of a bank's security is the people -- employees and customers -- or so the story goes. But four security experts came together to discuss the issue and opinions differed. For example, can you still call humans the weak link when banks fail to use the best technology? Payments Premium Risk Security Social Media Entersekt Payrailz Porter Keadle Moore ProfitStars

Deep Dive: Accelerating Cross-Border Payments With Cloud Technology

PYMNTS

A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns. How Cloud Systems Accelerate And Secure Cross-border Payments.

Fraudsters Push Payments Digital Security Agenda Toward Collaboration

PYMNTS

These adversaries might be professional crime rings looking to leverage cutting-edge artificial intelligence (AI) technology against the unaware or state-sponsored actors using all the best tricks and tools. Security And Convenience.

Castles Technology Buys Spire Payments

PYMNTS

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct.

IoT Device Security Flaws Stalk Medical Providers, Blunt Innovation

PYMNTS

Unfortunately, these devices are a challenge to secure, and hackers have taken note. Tshuva even goes so far as to say that hacking concerns due to security flaws have held innovation back. Security Before Connectivity.

MonetaGo, GUUD Team On Secure Transactions

PYMNTS

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release.

Innovative Approaches To Retail With Digital Technology

PYMNTS

Data: $5.5M : Amount of funding recently secured by social impact commerce platform ShoppingGives. consumers stating that security is important when shopping online. Today In Data Commerce digital commerce Innovation News payments Retail Security Today in Data

Alibaba Introduces “Smile to Pay” Facial Recognition Technology

Bank Innovation

Jack Ma, Alibaba’s founder, has long planned on launching facial recognition technology for the company’s payment app, Alipay. He first revealed his commitment to the development of this technology at a CeBit Conference in 2015, when […]. Commerce Exclusive Innovations Payments Security Alibaba Facial Recognition Technology Jack Ma KFC Smile to PayKFC customers in the Eastern Chinese city of Hangzhou can now pay for their meals with just a smile.

CyberArk Gets Patent For Security Risk Detection Technology

PYMNTS

Patent and Trademark Office for security risk detection technology. CyberArk said the technology has been implemented in the CyberArk Discovery and Audit (DNA) tool, which enables security professionals to quantify privileged account security-related risks and gain visibility into the attack surface that exists within enterprises. Security & Fraud Cyberark Hackers News security & fraud What's Hot

Airports Expand Range Of Digital Identity Technology

PYMNTS

The identity verification firm, which has been around since the early 2000s and was formed in the aftermath of 9/11, offers a subscription service that gives passengers the option to move more quickly through security lines at over 60 airports and sports stadiums around the United States.

Global Security Officials Meet To Discuss 5G Security

PYMNTS

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters. It was meant to outline practices to create a coordinated approach to security and policy surrounding the technology.

QR Code Technology Finds New Digital-First Use Cases

PYMNTS

And according to PYMNTS’ most recent QR Codes Payment Tracker , the technology is expanding to new use cases as its adoption continues to provide contactless options for restaurants, retailers and even contact tracing for COVID-19 tracking in the U.K.

Meet the New Technologies Demoing at Bank Innovation 2017

Bank Innovation

Commerce Compliance E-Commerce Mobile Online Payments Retail Risk Security Startups Technology Alloy Bank Innovation 2017 BeSmartee Blispay Deloitte Eyeprint ID Fiserv PayKey SizeUp SnapCheck tellerCompanies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation.

Reimagining The Bank As A Technology Company

PYMNTS

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one.

Biometrics security isn't one-size-fits-all

Mobile Payments Today

Andrew Jamieson, the director of security & technology for the identity management & security unit at UL, writes that many technologies that would be enabled by biometrics are still vulnerable to spoofs and hacking

Mitek Upgrades Digital ID Verification With NFC Technology

PYMNTS

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well.

Using Security To Create A More Inclusive Payments Ecosystem

PYMNTS

For all the customization in the digital-first economy, the actual technology that powers it is pretty much “one size fits all” when it comes to validating consumers. In short, internet technology isn’t very inclusive.

NEW REPORT: FIs Elevate Their API, Web App Strategies With Performance-Enhancing Security

PYMNTS

Cybercriminals leverage a host of tactics to circumvent the security of web apps and APIs, ranging from simple credential theft to comple x, artificial intelligence (AI)-driven brute force attacks on connected accounts that result in account takeovers (ATOs) across entire networks.

Chase and Intuit Launch API for Secure Customer Data Sharing

Bank Innovation

The companies signed an agreement this morning, giving customers the option to authorize Chase to electronically share financial data securely with Intuit’s financial management applications, such as Mint, TurboTax Online and QuickBooks Online. Corporate Innovations Mobile Operations PFM Retail Security Technology Chase Intuit MintChase and Intuit may have just solved the main issues with account aggregators.

SMS No Longer Secure for 2-Factor Authorization

Bank Innovation

National Institute of Standards and Technology (NIST) released a draft of its latest guidelines on digital authentication this week, and it contains a disturbing bit of Read More. Compliance Mobile Security Technology Bank of America Facebook First Republic Google JPMorgan Chase Messaging SMS text messages USAA Wells FargoIt might be time to say goodbye to those text messages containing PINs to help you log into your favorite banking site. The U.S.

Entersekt, Netcetera Team Up On eCommerce Payment Security

PYMNTS

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. Two major Austrian card issuers are also using the technology. It is said that the 3-D Secure solution can be implemented in a short amount of time.

Deep Dive: How Blockchain Technology Can Help Ease Digital ID Verification, Onboarding

PYMNTS

The DIFC said its goal is to support evolving technologies such as blockchain to position Dubai as the global go-to financial hub. The city is not alone in its efforts to use blockchain technology for digital identity verification.

Mastercard Talks Securing Innovation, And Innovating Security

PYMNTS

In financial services today, security and innovation can work with each other, and against each other. But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. According to the Digital Evolution Index , more countries in more parts of the world have robust digital ecosystems, driving demand for trusted technology.?We Passwords remain commonplace, despite the evolution of security technology.

Verizon, Microsoft Partner To Accelerate 5G Technology

PYMNTS

Touting 5G data speeds that are already 25 times faster than current 4G technology (and will eventually be 100 times faster), the two companies said the security, reliability and ultra-low lag times will bring increased efficiency and reduced costs.