Payment Security
Diebold Nixdorf hit by ransomware attack
ATM manufacturer Diebold Nixdorf has suffered a ransomware attack on its corporate network, disrupting some operations.
Wirecard appoints chief compliance officer
The Supervisory Board of Wirecard AG appoints the American Dr. James H. Freis (49) as Chief Compliance Officer effective July 1, 2020.
Blaming Covid-19, European payments industry calls for SCA delay
Citing Covid-19, the European payments industry is calling on the EBA to push back the deadline for the migration to Strong Customer Authentication (SCA) standards still further.
EMVCo supports security evaluation for IoT payment use cases
Global technical body EMVCo has confirmed its security evaluation methodologies and processes support IoT payment use cases, enabling emerging solutions and devices to be evaluated quickly and efficiently.
Citi helps US govt tackle Covid-19-related fraud
Citi, Alibaba and Amazon are among the firms working with the US government on an effort to thwart Covid-19-related fraud.
EPA publishes new guidance on digital identification and authentication to tackle financial crime
The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing payments companies, has today published new guidance on digital identification and authentication to help combat financial crime.
ACA Compliance releases payment fraud risk assessment service
ACA Compliance Group (“ACA”) announced today the availability of its new payment and fraud risk assessment (“PFRA”) offering, which is designed to help firms identify and remediate vulnerabilities within payment flows in order to reduce the risk of costly fraud issues.
FCA extends SCA deadline by a further six months
The UK's Financial Conduct Authority is to delay the implementation of strong customer authentication rules by six months in an effort to minimise disruption to consumers and merchants during the ongoing Covid-19 crisis.
ACI Worldwide forecasts exponential growth in real-time payments
More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ACI Worldwide (NASDAQ: ACIW) and Global Data.
PCI publishes new standard for contactless mobile payments
Today the PCI Security Standards Council (PCI SSC) published a new data security standard for solutions that enable merchants to accept contactless payments using a commercial off-the-shelf (COTS) mobile device (e.g., smartphone or tablet) with near-field communication (NFC).
GCC set for fintech surge during global Covid-19 outbreak
The GCC is set to experience a surge in the use of FinTech platforms as consumers turn away from physical offerings during the ongoing global COVID-19 outbreak.
Innovate Finance cancels conference over Covid-19
It is with great regret that Innovate Finance has decided to cancel IFGS, scheduled to take place on April 20-21 at Guildhall, London, due to ongoing industry concerns around the spread of the COVID-19 virus.
Shell-shocked TSB to shutter 82 branches and spend more money on IT
Fresh from a renewed attack of the gremlins on its IT infrastructure, the UK's TSB has pledged to become more digitally-focused, closing branches and investing £120 million on mobile and online channels over the next three years.
