Payments 2.0
12.7K views | +0 today
Follow
Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
Your new post is loading...
Your new post is loading...
Scooped by Therese Torris
Scoop.it!

PayPal and Lenovo want to eradicate passwords

PayPal and Lenovo want to eradicate passwords | Payments 2.0 | Scoop.it

Finextra: PayPal and Lenovo have joined with other Internet and security companies to form the Fido Alliance (Fast Identity Online) with the aim of replacing password-based log-ins with an industry-supported open protocol tied to the actual device used to...

Therese Torris's insight:

... new authentication systems include biometrics... hope fingerprint recognition on PCs has improved from when I last tried because it was a real nuisance !

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

So much for simplicity: Stripe adds optional two-factor authentication

So much for simplicity: Stripe adds optional two-factor authentication | Payments 2.0 | Scoop.it
TWN: Stripe on Thursday announced it has added a new two-step verification setting in an effort to improve the security of its service. To use the new feature, you'll also need to download ...
Therese Torris's insight:

Stripe promoted itself as easy and simple online payments. They must have realized that payments pose quite a few security issues (AHA!). Two-factor authentication is great but it seriously slows down and complexifies the payment process.  

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Shazam offers PENTAGON platform for secure mobile payments

Shazam offers PENTAGON platform for secure mobile payments | Payments 2.0 | Scoop.it

"Shazam, the Des Moines-based network of ATMs and PIN-based debit payments, is launching a mobile card reader payment platform, jumping partway into a market where companies like Dwolla and Google are already wrestling to fuse technology with shifting consumer..." "card numbers and PIN numbers [are kept] separate for security reasons, Kramer said"

 

Comment: Sharam uses technology from Adaptive Payments. Its big selling points is secure 2 factor (card + phone separate) PIN-based transactions. The result is a bit complex, potentially too slow for small purchase items, though

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Security: Google looking into multifactor authentication with physical key, ring or USB dongle

Security: Google looking into multifactor authentication with physical key, ring or USB dongle | Payments 2.0 | Scoop.it
If Google has its way, you could soon use an electronic ring rather than a password to login to websites.
Therese Torris's insight:

It is funny how Internet pureplayers so often brag about how "much simpler" their transaction processes are: one click, no registration, etc. (see Stripe for ex.) and rarely about how unsafe these are.

In the end, when crime hurts the bottom line so much that security spending passes the ROI point, they turn like everybody else to stronger authentication.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Biometric authentication of mobile financial transactions by trusted service managers -- an eBay patent via Patenstorm

Biometric authentication of mobile financial transactions by trusted service managers -- an eBay patent via Patenstorm | Payments 2.0 | Scoop.it

Abstract: A method for authenticating a financial transaction at a point of sale (POS) includes storing an application program in a first secure element of a mobile phone. The application is configured to generate instruction codes to effect the financial transaction upon verification of a user's identity. The user's credentials are stored in a second SE of the phone...

 

Authors:

Mardikar, Upendra at PayPal

Duprat, Eric (in the meantime at http://www.verayo.com/)

Assignee:

eBay Inc

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Cashlog: The Value of Mobile Payments Infographic - Future of Payments Report - sponsored by Cashlog

Nice infographics on the value of mobile payments from Cashlog. Available on SlideShare.

 

The Future of Payments report powered by Raconteur Media sponsored by Cashlog, published as supplement of The Timescan be downloaded at: http://slidesha.re/Future-of-Payments-report

 

Cashlog, of the Buongiorno group, provides a secure mobile payment solution for online purchases. Phone number + dynamically generated PIN and sent by SMS provide 2-factor authentication. More info at http://www.cashlog.com

more...
No comment yet.