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Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market
The European Banking Authority (EBA) has brought forward proposals for how it will implement what is called strong customer authentication (SCA). Visa has warned that new European rules on e-commerce threaten to seriously disrupt online shopping and cause inconvenience for consumers. The plans include a “one size fits all” approach where every online transaction over [...]
The post Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market appeared first on Payments Cards & Mobile.
Is the customer the weakest link in risk evaluation of mobile financial services?
Human fallibility is now one of the biggest risks that banks and financial institutions must manage in mobile financial services (MFS), according to a new report from the Risk Mitigation Workgroup of global industry association Mobey Forum. The Risk Review: Mobey Forum’s Guide to Risk Management in Mobile Financial Services contends that, in addition to [...]
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PSD2: Opportunities and Risk from the latest regulation – Webinar
PSD2: Opportunities and Risk from the latest regulation – is an important set of webinars organised by PCM including expert knowledge from PSE Consulting and NCR. The Webinars are to be held in early December and are broke down into two parts: PSD2: Opportunities – Understanding the new Payment Services Directive (PSD2) regulation and the [...]
The post PSD2: Opportunities and Risk from the latest regulation – Webinar appeared first on Payments Cards & Mobile.
Android malware Trojan targeting mobile banking apps and social media
A new Android malware Trojan has surfaced and is ripping through the entire banking sector in the US and Europe by appearing as a Flash Player App. The Android malware Trojan has already targeted the customers of around 94 major banking and financial apps in US and Europe including Santander, Coinbase, American Express, PayPal, Deutsche [...]
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Biometric authentication – are you and your money safe?
Most big high street banks are beginning to use biometric authentication to give customers a more convenient way to check their account balance or make payments. However, one big question remains unanswered: is it safe? A cyber security expert from consultancy NCC recently visited the Financial Times to give a demonstration of how to hack [...]
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