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In 2018, banks and retailers are dealing with a new breed of customer: one that expects a fast, seamless online payment experience. When it comes to e-commerce, however, user experience isn’t the only consideration. As the number of Card-Not-Present (CNP) purchases continue to increase, so do the security risks. How can banks and merchants continue [...]

The post RBA: HOW TO SECURE FRICTIONLESS E-COMMERCE appeared first on Payments Cards & Mobile.

Mobile banking trojans hit the list of cyber-headaches in Q2 2018. The number of installation packages for mobile banking – modifications which help attackers avoid detection by security solutions and to expand their arsenal – peaked at over 61,000. This represents a historic high, growth of more than 300 percent compared to Q1 2018, and [...]

The post MOBILE BANKING TROJANS HIT ALL-TIME HIGH IN 2018 appeared first on Payments Cards & Mobile.

It was around ten years in the making and may introduce a once-in-a-generation shift in data privacy and protection across Europe and beyond. The GDPR became law across Europe on 25 May 2018. PCM considers the ABC — the attitudes, behaviours and culture — of data stewardship and its implications. The GDPR applies across all [...]

The post GDPR CHANGES CULTURE OF DATA STEWARDSHIP appeared first on Payments Cards & Mobile.

Nearly two-thirds of card transactions undertaken in the face-to-face environment globally between July 2016 and June 2017 used EMV chip technology, according to official figures released by technical body EMVCo. 59 percent of all card-based payments were chip-to-chip. That is to say, both the card and terminal used EMV chip technology. This represents an increase [...]

The post EMV CARD-PRESENT TRANSACTIONS AT 59 PERCENT GLOBALLY appeared first on Payments Cards & Mobile.

Russia is planning a national biometric database for financial services, according to Bloomberg and local media reports. Legal changes needed for the system were passed in December 2017. Rostelecom, the state-owned telecoms provider, will operate the database, which will collect facial images and voice samples, and eventually fingerprints and iris scans. The system will expand [...]

The post RUSSIA TO LAUNCH NATIONAL BIOMETRICS DATABASE appeared first on Payments Cards & Mobile.