What's New in Payments

Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit

Revolut contactless visa card

UK-based neobank Revolut has implemented a Strong Customer Authentication (SCA) system that lets customers use their mobile banking app to authenticate their contactless card as they get close to reaching the new contactless transaction limit, avoiding the risk of having their card declined when they next attempt to make an in-store purchase... More












NFC World

Google rolls out NFC Titan Security Keys to Canada, France, Japan and UK

Titan Security Keys are now available in Canada, France, Japan, and the UK — Google — “Titan Security Keys are built with a hardware chip that includes firmware engineered by Google to verify the keys’ integrity. Each key leverages FIDO standards to cryptographically verify your identity and URL of the login page, preventing an attacker from accessing your account even if you are tricked into providing your username and password.”


NFC World

CryptoKaiju launches Cryptokitty toys with NFC

Wouldn’t you like a Real CryptoKitty? — Decrypt — “The 7.5 inch CryptoKitties each have a unique identity and are traceable on the blockchain. Look underneath the toy’s foot, and you’ll see a tamper-proof, near field communication (NFC) tag, with a unique serial number. Doting owners can interact with the chip, using a smartphone or other device, to access details about their toy’s unique characteristics.”


What's New in Payments

One in ten Londoners ready to ‘consider microchipping themselves’ to speed up contactless payments

Would you microchip yourself to speed up paying with contactless? — This is Money — “11% of Londoners surveyed by PaymentSense and YouGov said they’d consider microchipping themselves to make it quicker for them to make contactless payments… A quarter say they’d be happy to use a fingerprint scanner to verify payments. 16% would be in favour of using a retinal scanner to do so.”


What's New in Payments

Researchers showcase method for bypassing contactless card limit

Hack breaks your Visa card’s contactless limit for big frauds — Forbes — “To carry out their hack, the researchers used a specialised piece of hardware to intercept and insert messages in the communications between the card and the reader. For instance, they could tell the card that verification — like a PIN — wasn’t needed, even though the requested amount was more than £30. They then told the terminal that verification has already been made by another means.”


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