Fintech Finance

OCTOBER 17, 2024

These devices enable consumers to make swift, secure payments by simply tapping their wearable at any compatible point-of-sale (POS) terminal, ATM, or NFC-enabled payment point. By replacing sensitive data with encrypted tokens, we are ensuring that consumers can pay with confidence.

Visa 122

Visa Technology Financial Inclusion Contactless Payments 122

PYMNTS

MAY 19, 2016

ATM skimming just got taken to the next level. Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money. Instead of putting skimmer devices on the ATM, this group makes the entire ATM a skimming device.

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ATM Research Encryption Blocks 44

PYMNTS

JUNE 15, 2016

Nautilus Hyosung America (Hyosung) announced the availability of its new mobile application that’s designed to help merchants and ATM operators manage Hyosung ATMs directly from a mobile device. The MoniMobile app is aimed at revamping the full management capabilities of Hyosung ATMs. ”

ATM 40

ATM Encryption Addressing Innovation 40

Clearly Payments

OCTOBER 22, 2024

PIN Encryption : Once the customer enters the PIN, it is encrypted immediately to protect the information. Encryption ensures the PIN cannot be intercepted or stolen during transmission. Verification : The encrypted PIN is sent to the card issuer’s system, where it is matched against the cardholder’s stored PIN.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Fintech Review

MARCH 18, 2025

This emerging technology holds particular relevance for fintech, which relies heavily on encryption to secure transactions and data. Researchers warn that powerful quantum computers could one day crack traditional encryption methods in a feasible time. Over time, cybersecurity threats pushed fintech security to evolve further.

Security 66

Security Encryption FinTech Breach 66

The Fintech Times

MARCH 14, 2024

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. Furthermore, e-wallets offer enhanced security features such as PIN codes, biometric authentication, and encryption, mitigating the risk of theft or fraud associated with carrying physical cash.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

PYMNTS

MAY 31, 2018

The internet, said Kilb, is littered with personal data that was supposedly secured by encryption. Kilb described this method as an “ATM approach.” Kilb said there are two ways the ATM approach could help. One-time passwords sent via SMS text message feel secure because they introduce friction, but they, too, can be intercepted.

ATM 43

ATM Consumer Data Breach Credential 43

NFCW

JUNE 25, 2024

“The Eurosystem would use state-of-the-art measures, including pseudonymisation, hashing and data encryption, to ensure it would not be able to directly link digital euro transactions to specific users.”

Central Bank 104

Central Bank Online and Mobile Banking Legal Framework Caps 104

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

AUGUST 16, 2019

The KNOB attack , short for “Key Negotiation Of Bluetooth,” interferes with users’ Bluetooth connections, confusing them into setting up a short encryption key that is easy to hack. A new app, nicknamed Bluetana , can detect even the most discreet skimmers on gas pumps and bank ATMs. Bluetooth Low Energy is not affected.

Security 48

Security Encryption Breach CHIPS 48

PYMNTS

APRIL 25, 2018

As Steve Bigwood, director of software and professional services at Cennox , told PYMNTS in a recent conversation, a brief look at the global space turns up a host of interesting capacities for ATMs. Today, Godfrey admitted, ATMs can be vehicles for innovation — but only in a few places. In the U.K., In the U.K.,

ATM 40

ATM Non-Bank Encryption Innovation 40

Payment Savvy

NOVEMBER 9, 2022

The history of electronic funds transfers begins in the 1960s, with the advent of ATMs. ATM Transactions. As you are probably aware, ATMs allow bank customers to conveniently withdraw cash from their accounts without going inside the bank and speaking to a teller. History of EFT Payments. Types of EFT Payments.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit Electronic Fund Transfer Act (EFTA) 98

Stax

JANUARY 1, 2024

Strong mobile banking security measures, such as two-factor authentication and encrypted data transmission, are essential to protect sensitive financial information. ATM and branch network: ATM access is important for businesses that handle cash or need to deposit checks frequently.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

Fintech News

OCTOBER 28, 2024

The bank accelerated its digitalisation efforts in 2020 with the launch of RCBC Diskartech, the world’s first multilingual financial inclusion app, and the expansion of RCBC ATM Go, providing crucial aid to underserved areas during the global health crisis. OTNsec, MACsec, IPsec, HSE) from different vendors outside the lab environment.

AI 110

AI FinTech Innovation Payment APIs and Integration 110

PYMNTS

FEBRUARY 14, 2017

For user authentication with the machines, users can tap an NFC card or a sticker that can placed on a smartphone to the reader and enter the PIN on a touchscreen that is encrypted. Diebold Nixdorf said the contactless reader and an encrypted touchscreen for PIN entry eliminates the risks of card trapping and skimming attacks.

Encryption 40

Encryption Contactless Payments User Authentication Authentication 40

Fintech Finance

JULY 1, 2024

The Eurosystem would use state-of-the-art measures, including pseudonymisation, hashing and data encryption, to ensure it would not be able to directly link digital euro transactions to specific users.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

M2P Fintech

JANUARY 3, 2024

Multi-channel Integration (Net Banking, Mobile banking, ATM) Modern core banking solutions must offer multi-channel integration, which allows customers to access banking services through various platforms such as online banking, mobile apps, ATMs, and more.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

FICO

FEBRUARY 16, 2023

While this alone should give pause, when combined with the fact that there were an average of 185 cards compromised per skimming event, banks and consumer should all be wary when using any ATM, point of sale terminal, or other location where a card skimmer could be potentially located.

Compromise 98

Compromise Debit Card Scams Smishing 98

Clearly Payments

APRIL 3, 2024

The 20th century saw a revolution in payment methods, with the introduction of credit cards in the 1950s, the ATM in the 1960s, and electronic payment networks like Visa and Mastercard. Payment Gateway: The payment details are encrypted and sent to the payment gateway, which acts as a bridge between the merchant and the payment processor.

Process 59

Process Processors Online and Mobile Banking Payments 59

PYMNTS

MARCH 13, 2019

The product utilizes blockchain analytics and forensics to search for “suspicious” addresses and wallets, as well as profile crypto exchanges, ATMs, coin mixers, money laundering systems and criminal addresses to determine the risk level.

Blockchain 46

Blockchain Money Laundering Microtransactions Bitcoin 46

EBizCharge

APRIL 25, 2024

EFTs typically include digital payments such as direct deposits, ATM transactions, and credit and debit card payments. These protocols often include encryption , secure identification methods, and monitoring systems to detect and prevent unauthorized access. Are EFTs safe? What are the different types of EFTs? Are wire transfers safe?

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Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

PYMNTS

DECEMBER 21, 2016

customers found out that their personal information has been in the hands of hackers for the last few years, mostly due to out-of-date encryption and an apparent unwillingness on Yahoo!’s About a week ago, a billion (with a “b”) Yahoo! s part to believe their systems had been compromised. This, we should note, was the second mega-hack Yahoo!

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Breach EMV Compromise Push-to-Card 52

PYMNTS

JUNE 1, 2020

Banks worldwide are undergoing digital transformations to provide the latest and most advanced services and technologies to their customers, such as remote loan applications, video tellers and biometric-enabled ATMs. These tools are not developed in a vacuum, however.

API 58

API Payment APIs and Integration ATM Security 58

EBizCharge

JUNE 3, 2024

Bank ATM: Transactions conducted at bank ATMs also fall under the EFT category. Security: EFTs are encrypted and monitored for fraudulent activities, offering a secure way to transfer funds. Cost-effective: EFTs often incur lower fees than other methods such as wire transfers or mailing checks.

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

PYMNTS

DECEMBER 20, 2016

Once the purview of soda machines and candy dispensers, the unattended environment now includes everything from non-bank ATMs to parking kiosks to coffee machines to fancy vending machines that dispense electronics and even cars. Unattended retail will be a $275 billion-a-year industry in three years.

Retail Payments 43

Retail Payments Security Alternative Payment Methods Payments 43

PYMNTS

DECEMBER 16, 2016

India’s Cashless Payments: Could there be a silver lining in the currency snafus that have bedeviled India, as roughly 86 percent of paper bills were taken out of circulation and chaos ensued, with lines at ATMs and bartering back in style? Two words: Cashless payments.

Breach 63

Breach Online and Mobile Banking Data Breach Fed 63

PYMNTS

JUNE 16, 2016

Traditionally in the amusement industry, Richards said, amusement operators would purchase and own equipment – such as jukeboxes, pool tables, dart boards, ATMs, etc. – To overcome this challenge, AMI partnered with USA Technologies to encrypt payment data at the card reader itself.

Credit Cards 40

Credit Cards EMV Encryption Compliance 40

The Payments Association

OCTOBER 14, 2024

Such policies involve controlling the withdrawal of digital currency in a manner akin to existing limits on the withdrawal of cash from ATMs, and they do not necessitate control over wallets. It does not matter whether there is some legal process whereby several different authorities must turn their keys at the same time.

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Privacy Addressing CBDC Payer 88

Payment Savvy

NOVEMBER 14, 2022

Compared to a conventional paper check, it also has more security features, including authentication, digital signatures, public key cryptography, encryption, and many more. Apart from electronic checks, EFTs include other digitalized banking functions such as ATM withdrawals and deposits, debit card transactions, and remote check depositing.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

Cardfellow

OCTOBER 26, 2022

Options vary by model, but SQ Merchant Services’ equipment is PCI compliant and features encryption technology for security. The company also offers free ATMs for businesses that want to install an in-store machine for cash-preferring customers. For full POS systems, the company suggests Aloha, Radiant, and TouchSuite.

Credit Cards 52

Credit Cards Breach Data Breach Push-to-Card 52

Nanonets

SEPTEMBER 28, 2023

Whether you require swift access to cash through an ATM, streamline employee payments with ACH direct deposit, or execute an overseas wire transfer for a vendor, there's an EFT method suitable for nearly every consumer and B2B transaction. This exemplifies the ongoing improvement in EFT safety, reliability, and protection against risks.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

Whether you require swift access to cash through an ATM, streamline employee payments with ACH direct deposit, or execute an overseas wire transfer for a vendor, there's an EFT method suitable for nearly every consumer and B2B transaction. This exemplifies the ongoing improvement in EFT safety, reliability, and protection against risks.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

M2P Fintech

MARCH 28, 2024

National Financial Switch (NFS) NFS is India’s largest network of shared ATMs. Managed by NPCI, it promotes convenience banking and connects a vast network of ATMs, fostering seamless financial transactions. It is initiated by one party in an online transaction to build trust with an unfamiliar counterparty.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Nanonets

MAY 30, 2023

Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.   Advantages Digital wallets are built using encryption software, which means that the financial information encoded in them is secure and cannot be hacked.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52

Fintech Labs Insights

JUNE 12, 2015

To keep things secure, Stratos employs bank-level encryption and the app never displays card numbers. In order to do this, the user opens the Stratos app, swipes all of their magstripe cards through the dongle, and the Stratos app gathers all of the card data. Consumers use the Stratos card as they would use any of the cards listed below.

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Push-to-Card Card Issuer Issuers Credit Cards 29

PYMNTS

DECEMBER 11, 2017

The bill will also include incentives (to be determined) for businesses to use technologies to encrypt their data and make it large unusable in the event of an attack. What you’re talking about now is a nuclear attack: if you can’t get to the ATM and get it to work.”.

Bitcoin 44

Bitcoin Breach Data Breach FDIC 44

EBizCharge

JULY 18, 2024

Variety of Transfers: EFT includes a broader array of transactions, such as wire transfers, electronic checks, ATM withdrawals, and ACH payments. Implementing stringent security protocols and encryption measures is vital in protecting against unauthorized access and data breaches.

ACH 52

ACH Transactions Payments Funds Transfer 52