Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Reaction to the article of TowerGroup https://www.finextra.com/fullstory.asp?id=20137 Regarding the usage of "traditional" account information (name, address, birthdate...) as authentication...
Card Fraud can be eradicated but only if card issuers will take the reponsibility of implementing the correct solutions. The solutions that provide the best protection and which can eliminate card fra...
The full text of the Job vs Halifax judgement makes for interesting reading. Both claimant and defendant called some well qualified witnesses, from Cambridge University and APACS. The bank produced a ...
The situation in France is pretty unique in these times of crisis. Here is how credit is structured and how French people see it and use it. CREDIT IN FRANCE What is the credit situation in France an...
In 2009 "cutting costs" is on every CEOs/VPs lips and Customer Services are often the target of this policy. Customer Services What is it? Everything is in the title. It's all about "...
Lately I have read a lot of interesting blogs and comments about identity theft. This is obviously a hot topic, Hackers have never been so active and banks have had a hard time keeping up. Prologue:
The following authentication scenarios discussed here apply to a simple connection between a client and his online banking website. After reviewing the most dangerous hacking techniques, we will see
In one report, RBS admitted that a hacker penetrated a server at their payment processing unit. No one has really provided the details as to how the wise-guys got a hold of the pin-codes. My theory i...
I thought the video interview with Steve Abrams of Mastercard was quite interesting. Just as I suspected, Mastercard was not aware of the existing patent which does not belong to ORBISCOM. His respon
OTPs are of course better than static pin-codes. A move to require OTPs instead of the static pin-code will surely help eradicate card-present fraud. Can such a card even be inserted into any chip a
"Chase Card Services, the credit card division of JP Morgan Chase & Co. [NYSE:JPM], announced that it recently received a patent from the United States Patent Office for its breakthrough frau...
We were contacted recently by Alain Job, who filed a lawsuit last year against Halifax over an alleged fraud instance on his EMV chip card, for which the bank is holding him responsible. Our news stor...