British Airways warns another 185,000 cards compromised by data breach
British Airways is warning that another 185,000 customers may have had their payment card details stolen in a data breach. The airline says that customers who made reward bookings with payment cards between April 21 and July 28 are at risk. It is contacting the holders of 77,000 payment cards to warn that their names, […]
Veridos launches mobile face recognition system
Identity solutions provider Veridos has announced the release of a facial authentication solution called VeriGO TrueID, which it said is set to enable the next generation of eGovernment services. The firm said it also brings clear benefits for citizens, making a convenient and secure solution available when renewing identity documents, for example. VeriGO is a Veridos […]
Goode Intelligence sees biometric card boom
Research firm Goode Intelligence predicts that there will be over 2.6 billion biometric payment users by 2023 The firm said the use of biometrics is being driven by a number of factors including: · Desire for frictionless authentication while paying in all channels · The need to reduce payment fraud · Industry and state regulation · Technology standardisation Alan Goode, founder and […]
Telecoms boss gets NFC access control chip implanted in hand
Staff at Estonian telecoms operator Tele2 have been fitted with NFC chips implanted in their hands — and the first in line was the firm’s chief executive. Employees from CEO Chris Robbins downwards can now simply wave their hands to unlock doors in the firm’s Ülemiste City offices. “Chip installation, of course, is voluntary, but I promised […]
United Kingdom: Contactless overtakes Chip and PIN for in-store transactions
Worldpay is declaring a tipping point for contactless payments in the UK, as tap and pay transactions overtake Chip and Pin for in-store card payments for the first time. The latest figures from Worldpay show that contactless usage jumped by 30% in the past year to become the most popular form of card payment for […]
Mastercard brings real-time bill payments to mobile banking apps
Mastercard is working on a new technology platform to support bill payments via mobile banking apps, created to help banks recover ground lost to multiple direct billing sites. The card scheme says the new real-time service, dubbed Bill Pay Exchange, will make it easier for consumers to view, manage and pay telecom, utility, rent, credit […]
CIMB is first in Malaysia to bring QR acceptance from six mobile wallets on one payment terminal
Kuala Lumpur: CIMB Bank Berhad (“CIMB Bank”) has introduced Quick Response (QR) Payment Acceptance at CIMB terminals, a first- in-the market QR payment acceptance to accept Six major mobile wallets on one terminal. The six mobile wallet partners to be accepted on CIMB terminal are Alipay, Touch & Go Digital, Boost, KiplePay, Mcash, and Vcash. […]
North Korean hackers used Swift network to steal more than $100m – FireEye
A North Korean hacking group has used the Swift network to try to steal more than $1.1 billion dollars from at least 16 financial institutions around the world since 2014, according to security specialist FireEye, which warns that he crooks are still operating. The North Korean regime has long been suspected of turning to cybercrime […]
Singapore to use facial recognition for digital ID
Singapore’s Government Technology Agency (GovTech) has revealed that face recognition will be used as part of its national digital identity system. Kwok Quek Sin, senior director of NDI from GovTech, confirmed the move at a session during the inaugural GovTech STACK Summit, reports Gov Insider Asia. The news website notes that GovTech is creating a centralised biometrics […]
Apple adds student ID cards to Wallet
Students at three universities can now add their ID cards to Apple Wallet, enabling them to pay for their laundry and lunch using their iPhones and Apple Watches. The long-trailed feature has gone live for students at Duke University and the Universities of Alabama and Oklahoma. Johns Hopkins, Santa Clara and Temple Universities will follow […]