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First FI to implement mobile behavioral biometrics for User Authentication
Bank Leumi, one of Israel’s largest banks, says that its credit card subsidiary, Leumi Card, will introduce the first-of-its-kind integration of a mobile security product based on behavioral biometrics. Based on the cutting-edge technology of Israeli startup SecuredTouch, the behavioral biometrics solution embedded in the Leumi Card app will provide an advanced layer of security [...]
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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 [...]
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Lower cost of Instant Payments opening market for small and mid-sized banks
A new study by Lipis Advisors, experts in real-time payments, has found that the cost of migrating to Instant Payments infrastructure for small and medium sized banks is far lower and more controllable than previously thought. This revelation suggests that smaller banks are actually better positioned to respond to regulatory and consumer pressures for Instant [...]
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Chase launches new mobile payment app Chase Pay
Chase customers can download and pay with Chase Pay, its new mobile payment app that works in stores, in app and online. The Chase Pay app works at the more than 7,500 participating Starbucks locations in the US and nearly 1,400 Best Buy stores. Chase customers can download the Chase Pay app from the App [...]
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Barclays installs contactless ATMs to access cash
Barclays says it is installing contactless ATM’s in branches across the country, enabling customers to withdraw up to £100 by tapping their mobile phone or debit cards at the terminal. The service is initially being piloted in the North before rolling out to over 180 Barclays branches in the New Year. It will be available [...]
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