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Mastercard launch Early Detection System to combat card fraud after data breaches
It can now take as little as 9 minutes for stolen card and account data to be used via the dark web. With this in mind, Mastercard has announced the launch of Early Detection System, a new service that provides banks with a unique advanced alert for high-risk cards and accounts that are exposed in [...]
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Mastercard unveils next generation biometric card
Mastercard has unveiled the next generation biometric card, combining chip technology with fingerprints to verify the cardholder’s identity for in-store purchases. South Africa was the first market to test the evolved technology, with two separate trials recently concluded with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays Africa. The [...]
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Viewpoint from the Biometrics Institute – Spoof or proof?
The security of biometrics technology is in the spotlight and stakeholders must take a balanced view on its strengths and vulnerabilities. As deployments proliferate, the technology’s credibility rests on the industry’s will to collaborate globally – writes Isabelle Moeller, Chief Executive, Biometrics Institute. The Oxford English Dictionary offers two definitions for the verb ‘spoof’: ‘To make [...]
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Banking and financial services: New technology solves GDPR
Data privacy is driving the European Union’s General Data Protection Regulations (GDPR) in the UK, and yet it’s widely felt that banks and other financial services institutions have run out of time to find ways to comply with the requirements. Looming on the horizon for failing to comply is a dark cloud of significant financial penalties. [...]
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Webinar: PSD2 and Europe’s Open Banking Mandate – Challenges for Banks and FinTechs
The adoption of the revised Payment Services Directive (PSD2) is formalising the relationship between Banks and FinTechs by establishing Open Banking, providing open access to customer account data and the payments infrastructure. This is expected to stimulate the FinTech market to develop new integrated service models for both consumer and business customers. This regulation is [...]
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