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Scooped by Therese Torris onto Payments 2.0 |
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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 ! Delete the scoop?
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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. Delete the scoop?
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"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 Delete the scoop?
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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. Delete the scoop?
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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 Delete the scoop?
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Cashlog: The Value of Mobile Payments Infographic - Future of Payments Report - sponsored by CashlogNice 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 Delete the scoop?
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Card reader still available for free for businesses ! I'd rush to get one if I were you
SumUp demo
http://www.youtube.com/watch?v=moThehyUjp4&feature=endscreen&NR=1
Sum up Web site
https://sumup.co.uk/