78 Results
Pat Carroll Founder/Executive Chairman at ValidSoft
Hot on the back of the recent news of Europe’s largest department store group El Corte Inglés taking the plunge towards contactless, yesterday’s Finextra report highlights new figures from WorldPay showing that contactless payments in the UK are rocketing, with 226% more contactless transactions compared to this time last year. This is yet furthe...
28 February 2014 /payments Innovation in Financial Services
Malware is hitting mobile like nobody’s business. It is a sad fact of life - hackers, fraudsters, cyber-criminals and the like will never go away and will evolve and adapt as our payment landscape evolves too. The real question is whether we have the tools to counter those malware attacks so our customers can securely do their business on their mo...
30 January 2014 /payments Innovation in Financial Services
It’s good to see the Bank of Scotland focussing on the mobile customer experience. Clearly they see this as a significant competitive advantage, and promoting it as such, whilst also highlighting the security features of their approach. With mobile, streamlining the login process, enrolment and activation is key if banking apps and wallets are to ...
28 January 2014 /payments Innovation in Financial Services
2014 will also see Voice Biometrics becoming mainstream. Apple have paved the way for biometrics to be adopted in a mainstream manner with the introduction of fingerprint readers on the iPhone. Voice Biometrics is a tremendously powerful, intuitive technology that can be implemented in a low-friction and invisible manner and provide very strong se...
24 January 2014 /security Innovation in Financial Services
Unfortunately, it’s not going to be plain sailing on the security front in 2014. It’s a bit like Friday 13th. Many folk say that Friday 13th is not their unlucky day at all, it’s Saturday 14th they worry about! And believe me, we do have a lot to worry about. So, what am I concerned about? And is there any good news for 2014? Well, the answer to t...
20 January 2014 /security Information Security
This itnews.com article sheds a different and interesting light on the methods now being deployed by the fraudsters. Basically these latest tactics are designed specifically to outwit the Risk Engines. Risk Engines work on the principle that if a transaction seems “normal” the risk engine will generally approve the transaction. Of course there
10 January 2014 /security Innovation in Financial Services
Once again we are sadly reminded of the vulnerability of businesses to data breaches, and we are left with 40 million customers fearing that their credit cards will be hijacked by fraudsters just in time for Christmas. There has been a consistent rise in cyber-crime in the past few years, and traditional security solutions have proven to be inadequ...
30 December 2013 /security Innovation in Financial Services
Digital currencies such as Bitcoin have been capturing the attention of the world’s financial and technology press for some time, both in a positive and negative manner. Digital currencies are here to stay, it’s inevitable, and these virtual currencies are at an inflection point and already playing an increasingly apparent role in the daily tradin...
18 December 2013 /security /payments Innovation in Financial Services
The UK’s Fraud Prevention Service wants to remind Christmas shoppers to be ultra-prudent with their personal and financial details. The numbers show an increase of 23% in the number of victims of account take over in the last two months alone which is quite a staggering increase really. Such numbers clearly show that hackers, fraudsters, cyber-cr...
16 December 2013 /security Innovation in Financial Services
The ECB published its recommendations for the security of mobile payments last week last week. Although unrelated, this latest set of recommendations shows how Governments and Central Banks (US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system, and the newly formed Financial Conduct...
10 December 2013 /security Innovation in Financial Services
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