Indian mobile wallet provider Paytm has added an insurance feature to its service that covers users for fraudulent transactions of up to Rs 20,000 (US$306) due to loss of device or unauthorised access to the service... More
Fraud
Consumers show more trust in mobile wallet security
Global consumers are “more concerned” with protecting their financial and payments information on a computer than protecting the same data in a mobile wallet, ACI Worldwide and Aite Group research reveals, with more than 80% believing their mobile wallet data is secure... More
Secure element security added to web applications
GlobalPlatform has released Web API for Accessing Secure Elements v1.0, a standardised communications interface between web applications and secure elements (SEs) that will enable sensitive data from online applications to be stored and processed in a secure, isolated environment... More
Barclays to issue cards with dynamic CVV?
UK bank Barclays is planning to issue bank cards that replace the three-digit security number on the back of the card with a dynamic CVV code that changes periodically to tackle online purchasing fraud, according to The Telegraph... More
Mastercard blockchain patent applications
Mastercard has filed patent applications describing systems and methods for authorising and securing blockchain transactions using existing payment networks... More
Criminals reported to have used NFC mobile phones in Tesco Bank attack
UPDATE The criminals behind a Tesco Bank attack used NFC mobile phones to launder money stolen during a theft that saw about 9,000 customers affected by fraudulent transactions worth an estimated £2.5m (US$3.1m), according to a report in The Sunday Times... More
New Zealanders confidence in digital payments on increase
Nearly three quarters of New Zealanders (72%) trust that payments made via digital and mobile methods are secure, compared to 51% when digital payment methods first emerged, Visa reveals... More
UK bank to extend trial of behavioural biometrics security
UK bank Natwest has trialled a behavioural biometrics system designed to offer continuous authentication throughout an online banking session, using more than 500 behaviour patterns to identify users and prevent fraud from unauthorised logins and automated attacks... More
Visas, passports and government ID secured using hybrid NFC and hologram tags
Government-issued documents such as visas and passports could be secured using a combination of NFC and hologram technology, following the announcement of a partnership between printed electronics specialist Thinfilm and authentication solutions provider Holoptica... More
Half of global banking customers use fintech services, but trust remains low
Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in fintech providers is low... More
Italian olive oil brands integrate NFC for authentication and engagement
Italian olive oil brands Buonamici, La Ranocchiaia, SPO and Il Cavallino are integrating NFC tags into their product lines to enable authentication and enhance consumer engagement, by delivering product information and other relevant content to customers’ smartphones... More
Mahindra Comviva introduces Mobiquity Wallet 2.0
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva has released an updated version of Mobiquity Wallet, a digital wallet platform that launched in March 2014 with support for QR codes, Bluetooth, NFC and host card emulation (HCE). More
Luxury handbag maker uses NFC tags to counter fraud
Owners of a handbag from Maria&Donato’s exclusive collection will soon be able to authenticate their purchase as well as discover information about the brand and buy limited-edition handbags online with a tap of their NFC device. More
French vineyard to safeguard its entire output with NFC
PARTNER NEWS: The Geantet-Pansiot vineyard estate in Burgundy, France is to equip all of its wine bottles with an NFC tag to let its customers authenticate the beverage and receive information about the wine directly on their smartphone. More
The State Bank of Vietnam urges transition to EMV
The State Bank of Vietnam has instructed banks to “quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud”, according to Vietnam News... More
MasterCard to reduce EMV checkout time
MasterCard has unveiled M/Chip Fast, a technology advancement designed to help speed up EMV transactions at the checkout... More
Meet NFC World’s partners at Money20/20 Europe
NFC World partners Proxama, Giesecke & Devrient, Gemalto, Carta Worldwide and Bell ID will be exhibiting at the Money20/20 Europe expo in Copenhagen from April 4-7. More
Proxama makes the case for digital PIN delivery
A white paper that examines the advantages of using new, digital PIN delivery mechanisms to replace traditional PIN mailers is now available to download from the NFC World+ Knowledge Centre. More
Mobile payments to replace cash and cards by 2030?
Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found... More
Gemalto and Prosa bring HCE payments to Mexico
PARTNER NEWS: Digital security giant Gemalto and payment processor Prosa have partnered to bring host card emulation (HCE) based mobile payments to Mexico... More