PSD2

BehavioSec Platform Gets Upgrade in Time for PSD2

BehavioSec has updated its behavioral biometrics platform ahead of the European Union’s upcoming PSD2 compliance deadline. Version 5.1 of the platform offers better mouse recognition and anomaly detection, in addition to other accuracy and authentication upgrades. The upgraded platform also guards against fraud associated with new accounts. BehavioSec 5.1 will compare the behavior of a…

Signicat Adds Single Sign-In Capabilities Through Yes Integration

Signicat Adds Single Sign-In Capabilities Through Yes Integration

Signicat has integrated the Yes open identity scheme into its Digital Identity Platform. Yes’s scheme essentially functions like a more secure version of Facebook, allowing users to perform a single sign-in to gain access to a range of digital services from participating businesses. The difference is that Yes customers log in through their bank rather…

Truxtun Capital Releases FIDO-Certified Payment Card with Acoustic Tech

Truxtun Capital Releases FIDO-Certified Payment Card with Acoustic Tech

Truxtun Capital has released a new payment card that leverages acoustic technology for an additional layer of security. The new Wega 3DSA 2.0 is available in the UK through the company’s partnership with the Manchester City Football Club, and is being billed as the first commercial deployment of a FIDO-certified payment card. “Truxtun’s Acoustic technology…

Bulgarian Bank Turns to OneSpan for Mobile Security Services

Bulgarian Bank Turns to OneSpan for Mobile Security Services

OneSpan has found a new client for its mobile security services. The company has announced that the United Bulgarian Bank is now using both Cronto and its Mobile Security Suite to safeguard its six-month-old mobile banking app. “We want to improve and expand the use of our digital channels, especially mobile,” said Iliyana Voynova, the…

Report: PSD2 Requirements Will Drive Support for Biometric Authentication

Report: PSD2 Requirements Will Drive Support for Biometric Authentication

The final deadline for compliance with the European Union’s revised Payment Services Directive (PSD2) is coming up in September of 2019. However, a new report from the Aite Group and iovation suggests that most payment services providers are not prepared. And those that do comply are expected to turn to some form of biometric authentication.…

OneSpan Fiscal Update Shows Strong Results

OneSpan Fiscal Update Shows Strong Results

OneSpan has issued its results for the fourth quarter and 2018 fiscal year, showing strong results that exceeded the upper end of its revenue guidance for the year. The Chicago-based authentication specialist saw revenues of revenues of $64.8 million in Q4, up 19 percent year-over-year. For the full 2018 fiscal year, OneSpan reports revenues of…

Finally, Some Good News: Javelin Reports Progress in Post-Password Security Adoption

Finally, Some Good News: Javelin Reports Progress in Post-Password Security Adoption

“The increase in strong authentication adoption makes sense given that while data breaches, phishing threats and regulatory pressures have risen, the financial and user experience costs associated with implementing strong authentication have decreased.” – Al Pascual, SVP and Research Director, Javelin Strategy & Research Finally, some good news about the current state of digital security:…

Open Banking APIs Create Opportunities For Fraudsters: BioCatch

Open Banking APIs Create Opportunities For Fraudsters: BioCatch

While it’s undoubtedly seen as a regulatory obstacle by many organizations, the European Union’s PSD2 is helping to pave the way for open banking, requiring financial institutions to allow Third-party Payments Providers, or TPPs, to interface with them via APIs. This represents an opportunity to foster greater fluidity and convenience in banking for consumers, but…

Adyen Offers High Level Passive Payment Authentication

Adyen Offers High Level Passive Payment Authentication

“For transactions requiring stronger authentication […] it supports two-factor authentication via SMS, as well as biometric authentication including facial, fingerprint, and voice recognition.” Adyen is staking claim to being the first payments platform provider to deliver a system that offers passive authentication for transactions based on EMVCo’s 3DS 2.0 protocol. The system is designed to…

INTERVIEW: Conor White, President – Americas, Daon

INTERVIEW: Conor White, President – Americas, Daon

When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…

How Behavioral Biometrics Enable PSD2 Compliance

How Behavioral Biometrics Enable PSD2 Compliance

BehavioSec is highlighting its technology’s compliance with Payment Services Directive 2 (PSD2), the European Union’s major regulation for payment services and transactions. In a new post on its website, BehavioSec points out the PSD2 now requires ‘Strong Customer Authentication‘ (SCA), which it defines as the use of two of three authentication factors – something the…

Timehop Data Breach Yields Valuable Lessons: FIDO

Timehop Data Breach Yields Valuable Lessons: FIDO

Earlier this month, the company behind Timehop, a social media ‘time capsule’ app that shows users their older posts, revealed that it had suffered a data breach affecting 21 million users. And while the attack was not particularly exceptional as far as data breaches go, it nevertheless offers some food for thought, as FIDO Alliance…

PSD2 Will Give Rise to Biometric Payments, says Mastercard

PSD2 Will Give Rise to Biometric Payments, says Mastercard

Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…

FIDO Celebrates Growth of EU Working Group

FIDO Celebrates Growth of EU Working Group

In the wake of the EU’s GDPR privacy law, the FIDO Alliance is celebrating the growth of its FIDO Europe Working Group. Launched last November with an initial membership of 12, including major companies like Daon, Gemalto, ING, and Verizon, the Working Group now has 22 member organizations. The growth is perhaps no surprise, however,…