Wibmo’s Post

As a business, storing customers credit / debit card numbers exposes you to massive fraud implications in the event of a data breach. To that end, both Visa and Mastercard are exploring "Numberless Cards" using tokenization technology. Interesting article on the topic this week from Bloomberg (below). At Authvia, our PCI-DSS Level 1 technology tokenizes and encrypts card data so that your business never needs to collect or store card numbers and the risks that go along with them. Learn more at www.authvia.com #paymentsecurity #TXT2PAY Chris Brunner Trevor Rubel https://lnkd.in/gHM4_58R

This is a nice quick summary of how VISA/MC are hoping to better secure credit cards. It includes tokens and biometrics. The latter part isn't going to be as preventative as they think. I think it will just encourage criminals to capture our biometric traits and re-use them, often AI-enabled. I'm not sure what the ultimate "best" answer is to secure credit cards, but the reliance on biometric traits and the security of them is likely being oversold to people who don't understand how it works. Maybe I'll be wrong. https://lnkd.in/gFifyAVN

How is the Rise in #MobileBanking and #ContactlessPayments Shaping the Financial Industry? The surge in mobile banking and contactless payments has fueled transformative shifts in consumer habits and banking technologies. The rise of #biometricbanking, leveraging fingerprint, #face, and #voicerecognition, fortifies security in remote financial transactions. By uniquely verifying users, biometrics create a formidable #defense against unauthorized access and fraudulent activities, propelling the robust growth of the biometric banking market. Key Market Players: JPMorgan Chase & Co. , IDEX Biometrics, Synaptics Incorporated, Visa, Charles Schwab., Diebold Nixdorf, NEC Corporation, IDEMIA, Axon,Infineon Technologies Explore the market overview: https://lnkd.in/deKsczEK #MobileBanking #ContactlessPayments #FinancialInnovation #BiometricBanking #SecureAuthentication #TechnologyAdvancements #ConsumerBehavior #FraudPrevention 

𝟑𝐃 𝐒𝐞𝐜𝐮𝐫𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧: 𝐈𝐦𝐩𝐫𝐨𝐯𝐢𝐧𝐠 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 3DS is a security protocol used to authenticate users. This provides an extra layer of protection for payment card transactions in card-not-present scenarios. It was designed to allow a cardholder to authenticate its identity to prevent payment fraud, stymie unauthorized transactions, and reduce chargebacks. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: https://lnkd.in/dncQqW95 3-D Secure has been around for years and creates an authentication data connection between digital merchants, payment networks and financial institutions to be able to analyze and share more intelligence about transactions. The new 2.0 version of the technology enables a real-time, secure, information-sharing pipeline that merchants can use to send an unprecedented number of transaction attributes that the issuer can use to authenticate customers more accurately without asking for a static password or slowing down commerce. #3D_Secure_Payment_Authentication_Market #3D_Secure_Payment_Authentication

🌐 Biometric Payments: A Game-Changer in the Industry? 🤔 Once a tool for high-level security, biometric payments are now hitting the mainstream, thanks to advances by Visa and Mastercard. Imagine paying with a glance or a touch, where your unique physical traits become the key to transactions. From iris to vein patterns, biometrics are redefining payment convenience and security. 🛒🔒 But what does this mean for the future of our industry? How will biometric payments shape customer experiences and security protocols? ⭐Share your thoughts and insights on biometric payments below! #BiometricPayments #FutureOfFinance #BOLDConversations

📢 NEW RESOURCE: Mobile-based digital identity offers tremendous opportunities for combating fraud and securing transactions. Check out our new white paper to learn more! 🔗 https://lnkd.in/g5KYkdcy   You'll gain insights on: 📲 How government-issued mobile IDs (mIDs), which include mDLs, can be leveraged in the payments ecosystem, both today and in the future 🆔 mID standards and guidelines for acceptance 🔐 Data privacy considerations for payments #mobileIDs #mDL #Payments #onlinesecurity 

Exciting News! This U.S. Payments Forum White Paper on the Role of Mobile IDs in Payments is now Published! Annemarie Mattheyse and I worked on writing this white paper in collaboration with others member companies of Secure Technology Alliance. This paper provides an overview of Mobile IDs and how they can be used in payment transactions today. I encourage you to check out the white paper. Your feedback and insights are always welcome! #MobileIDs #Payments #WhitePaper #Publication #DigitalIdentity IDEMIA North America IDEMIA

Curious about the future of digital identification in payments? Delve into the latest resource published by the U.S. Payments Forum, with participation from JCB USA and special thanks to Eric Steffensen, to see real-world use cases. Learn how consumers, merchants and issuers can benefit from this convergence in the ever-evolving landscape. #Payments #DigitalPayments #mobileIDs #mDL #onlinesecurity

Rise of Biometric Payments: Fingerprints as the Future? Fingerprint scanning 🤳 is more than just a cool tech feature – it's a game-changer for the payments industry. 🚀 Think about it: • Seamless & Secure: No more fumbling for cards or remembering complex passwords. Just a quick tap of your finger, and you're done! 💳 • Fraud Prevention: Biometrics offer a level of security that traditional methods simply can't match. 🛡️ • Customer Delight: A frictionless checkout experience leaves a lasting positive impression. 😊 I'd love to hear your thoughts, are you excited about this tech? Let me know in the comments! #biometrics #payments #fintech #security #innovation #customerexperience #SkipCash #Qatar