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Finextra launches Innovation Showcase

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Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

Banque Populaire to issue Xiring card readers to Internet banking customers

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Banque Populaire to issue Xiring card readers to Internet banking customers

Banque Populaire in France is to equip 400,000 customers with Xiring's Xi-Sign card authentication reader for securing online banking and e-commerce.

Banks must ditch standard security questions - Symantec

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Banks must ditch standard security questions - Symantec

Banks are putting their customers at risk by using standard security questions, such as mother's maiden name, to confirm identities online or over the phone, according to Symantec.

Metrobank selects IBM for online banking authentication

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Metrobank selects IBM for online banking authentication

Philippines-based Metrobank has contracted with IBM for the implementation of a two-factor authentication system, using Vasco security tokens, for its online customers.

Aladdin agrees to private equity buy-out, merger with SafeNet

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Aladdin agrees to private equity buy-out, merger with SafeNet

Nasdaq-listed Israeli authentication technology vendor Aladdin Knowledge Systems has agreed to a $160 million takeover by a group led by private equity firm Vector Capital. The company will be merged with SafeNet, another of Vector Capital's portfolio companies.

US Federal agency urges authentication of all consumer accounts

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US Federal agency urges authentication of all consumer accounts

The Federal Trade Commission is calling on the US Government to extend two-factor authentication standards deployed by banks to all private sector organisations that maintain consumer accounts, in a bid to combat rising levels of ID fraud.

Co-op to issue Xiring card readers to online banking customers

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Co-op to issue Xiring card readers to online banking customers

Co-operative Financial Services has contracted with French vendor Xiring for the supply of 300,000 Chip and PIN authentication card readers which it will roll out to online banking customers.

German card data sent to newspaper on microfilm

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German card data sent to newspaper on microfilm

Microfilm containing the credit card details of tens of thousands of Germans has been anonymously sent in the post to the Frankfurter Rundschau newspaper.

Visa introduces SMS one-time passwords for online shopping

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Visa introduces SMS one-time passwords for online shopping

Visa has partnered with banks in China and Taiwan to introduce an SMS-based one-time password system for cardholders to authenticate themselves when making online purchases.

Russia's Alfa-Bank rolls out Aladdin authentication devices

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Russia's Alfa-Bank rolls out Aladdin authentication devices

Russia's Alfa-Bank has rolled out 20,000 USB smartcard authentication devices from Aladdin Knowledge Systems to its online banking customers.

Voice Commerce launches biometric payments system for TV advertisers

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Voice Commerce launches biometric payments system for TV advertisers

UK start-up Voice Commerce Group has launched a payments processing service for TV and IPTV advertisers that lets customers phone up and buy products by 'signing' for the transaction with their voice.

ID theft fears drive support for biometric verification

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ID theft fears drive support for biometric verification

Over two thirds of people would be willing to undergo fingerprint scans to verify their identities when dealing with banks and government organisations, according to a global survey from Unisys.

UK online bankers think security threat is rising - survey

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UK online bankers think security threat is rising - survey

Over 60% of Brits who bank online believe they face a greater security threat now than when they first signed up to the service, according to a poll for vendor Xiring.

PayPal introduces SMS-based authentication

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PayPal introduces SMS-based authentication

Person-to-person online payments outfit PayPal has introduced an optional SMS text message-based two factor authentication system for customers logging into their accounts.

Commerzbank to deploy Cronto mobile phone-based authentication technology

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Commerzbank to deploy Cronto mobile phone-based authentication technology

Germany's Commerzbank has deployed technology from UK vendor Cronto that enables online banking customers to authenticate transactions by taking a photo of their PC screens with their mobile phones.

Gemalto releases mini online banking authentication device

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Gemalto releases mini online banking authentication device

European smart card vendor Gemalto has launched an ultra-thin credit card-sized authentication device for online banking customers.

IBM unveils USB stick to fight online banking fraud

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IBM unveils USB stick to fight online banking fraud

IBM has unveiled a prototype USB stick designed to secure online banking transactions against malware and man-in-the-middle attacks.

Jeffco CU implements PhoneFactor authentication system

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Jeffco CU implements PhoneFactor authentication system

Colorado-based Jeffco Credit Union is using phone-based authentication technology from Positive Networks to protect its online customers from phishing scams.

Apacs talks up take-up of online card security schemes

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Apacs talks up take-up of online card security schemes

Cardholder take-up of the MasterCard SecureCode and Verified by Visa online authentication services has increased by 600% over the past two years, according to stats from UK payments group Apacs.

SafeNet to release Egg PIN issuance system

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SafeNet to release Egg PIN issuance system

US security firm SafeNet is gearing up to launch an online PIN issuance system that was developed in partnership with UK Web banking outfit Egg.

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