Security is never easy, but this week we’re thinking about how we all might make it a little easier. From relatively cost-effective security “hacks” to one-second EMV transactions, here are this week’s best ideas for making the world of payments safer and more secure.
The Persistent Payment Fraud Challenge and What Can Be Done About It
We’ve seen significant advances in security in the past few years, but we’re still a long way from living in a fraud-free world. Could it be there are relatively easy hacks that might improve security, even incrementally? Here are a few cost-effective “quick win” recommendations.
Credit Unions Look to Blockchain to Solve Digital Identity Crisis
The standard means of authenticating a customer who calls in is to have the call center representative play 20 questions. Would digital identity do a better job of recognizing your members? How might blockchain play a role?
Could One-Second EMV Transactions Speed Up Customer Satisfaction?
EMV transactions are helping to reduce counterfeit card fraud, but let’s face it: They’re slow. Now retail software provider Index is announcing that they have found a way to make the EMV transaction go faster – all the way down to a single second.
The Mobile App Security Hole that Should Keep Bankers up at Night
Secure, encrypted connections between financial institutions’ servers and customers’ mobile devices are secure, right? Maybe not. Researchers have found a glaring set of vulnerabilities in the ways that banks on both sides of the Atlantic are doing this.
Credit Union Sues Chipotle after Alleged Data Security Breach
Bellwether Federal Credit Union is filing a class-action lawsuit against Chipotle over its recent data breach involving customer names and card information, among other data. The suit alleges that Chipotle failed to maintain adequate security practices, including the implementation of EMV.