Clearly Payments

MARCH 14, 2025

Stage 2: Authentication and Security To prevent fraud, security measures are incorporated: EMV Chip Technology : EMV chips provide dynamic encryption for each transaction, making it harder to counterfeit cards. Authentication 0.5 – 2 seconds Verification of cardholder identity via EMV, biometrics, or token.

Credit Cards

The Fintech Times

MARCH 10, 2025

Upon tapping, a unique one-time code is validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods.

Digital Payments

Fintech Finance

JANUARY 20, 2025

Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Apple Pay is easy to set up.

Contactless Payments

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. For enhanced security, it uses EMV (Europay, Mastercard, and Visa) chip technology and contactless payments, like Apple Pay and Google Pay.

Credit Cards

Stax

JULY 7, 2025

Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. Contactless payments using Near Field Communication (NFC) employ tactics such as secure encryption and fingerprint authentication to initiate transactions, which minimizes the risk of fraud. In fact, mobile and digital wallets have a 99.6%

Mobile Payments

Fintech News

JUNE 30, 2025

Payments are authenticated using Face ID, Touch ID, or a passcode, along with a one-time dynamic security code. Instead, a unique Device Account Number is encrypted and stored securely in the Secure Element, a certified chip on Apple devices. Once added, Apple Pay can be used immediately across supported Apple devices.

Contactless Payments

Fintech Finance

JUNE 5, 2025

To pay in-store, customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.

Visa

The Payments Association

JULY 11, 2025

Market dynamics signal a fundamental shift Five transformative technologies are redefining POS capabilities: SoftPOS, Cloud-based systems, Mobile solutions, Self-service kiosks, and Biometric authentication. Biometric authentication remains nascent but shows promise for premium applications. Tokenisation is growing rapidly, from US$3.53

Point-of-Sale (POS)

Finovate

JULY 14, 2025

Fraud prevention solutions provider Signicat announced this week that it is bolstering its identity authentication and orchestration tools with the acquisition of the Netherlands-based Inverid. This is because it pulls data directly from the chip inside a passport or ID, rather than relying on OCR or a camera scan.

Verification

Finextra

JULY 24, 2025

The data is converted into a mathematical template stored in the Secure Enclave, Apples secure chip. For maximum security, experts recommend combining biometrics with two-factor authentication or complex passwords. Face ID uses an infrared TrueDepth camera that projects more than 30,000 dots to create a 3D map of the face.

Payment APIs and Integration

Clearly Payments

MAY 22, 2025

3D Secure An added layer of authentication (e.g., EMV Chip technology on credit cards. Chip & PIN EMV transaction that requires a PIN instead of a signature. Fallback When a chip card fails and the system reverts to swipe. Tokenization Replacing card data with a secure, unique token. Verified by Visa).

Online and Mobile Banking

EBizCharge

DECEMBER 18, 2024

Verification and validation Clearinghouses confirm the authenticity of all parties involved in a transaction through verification and validation. Interbank payments: Manages settlements between banks, often through systems like Clearing House Interbank Payment Systems (CHIPS) or central banks.

Facilitators

The Paypers

JUNE 26, 2025

iDenfy’s solution is designed to validate user identities in seconds using document analysis, facial recognition, and NFC chip reading, supporting over 3000 document types from more than 200 countries and territories. To use the identity verification, users simply upload a government-issued ID and take a selfie.

Compliance

Finextra

JUNE 17, 2025

Additionally, Amazon’s partnership with Roku, announced on June 16, 2025, to create the “largest authenticated Connected TV (CTV) footprint” in the U.S. The company’s AI investments, including a 70% increase in in-house chip shipments projected for 2025, signal long-term growth potential.

AI

NFCW

APRIL 4, 2024

PARTNER NEWS: STMicroelectronics has introduced a new NFC tag chip that uses state-of-the-art blockchain-compatible elliptic curve cryptography to strengthen the level of security available to brands looking to use NFC to protect their products.

CHIPS

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. What Types of EMV Chip Cards Are There?

Chip Cards

VISTA InfoSec

JULY 19, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

Cybersecurity

NFCW

JANUARY 23, 2024

To provide additional features and functionalities, including defaulting of preferred payment apps, access to authentication features such as FaceID and a suppression mechanism. EU calls for feedback on proposed settlement with Apple over NFC chip access was written by Sarah Clark and published by NFCW.

CHIPS

VISTA InfoSec

MAY 12, 2024

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security.

PCI DSS

Payments Source

OCTOBER 13, 2016

Now, users can click the Apple Pay option on desktop sites and authenticate purchases using mobile devices. With the recent release of new operating systems for both iPhone and Mac, Apple Pay is available on desktops, marking the continued expansion of Apple’s mobile payments platform.

Chip Cards

VISTA InfoSec

OCTOBER 21, 2024

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

Cybersecurity

Payments Source

APRIL 21, 2016

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.

EMV

NFCW

DECEMBER 12, 2023

The Paris-based luxury brand has added a patch containing the NFC chip to each of the garments in the range — also known as Archive — which links to a digital product passport that also serves to authenticate the product and can be updated with new features and content in future.

CHIPS

PYMNTS

OCTOBER 3, 2018

NXP Semiconductors in late September introduced its latest NTAG DNA tag chip, providing privacy-enabled, multi-layered security for NFC and IoT authentication applications. With the new NTAG 424 DNA, brands can fight counterfeit and grey market activities at a cost that enables mass-market deployment of advanced NFC tags.

CHIPS

Clearly Payments

OCTOBER 1, 2024

Contactless payments can carry higher interchange fees compared to traditional card-present transactions like inserting a card into a chip reader. Although swiping was once the most common method for in-person payments, it has become less popular with the advent of chip-and-PIN and contactless technology.

Contactless Payments

PYMNTS

JANUARY 22, 2020

billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo , the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. More than 8.2 The scanner then analyzes the individual consumer’s unique fingerprint.

CHIPS

Payments Source

APRIL 10, 2017

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

Chip Cards

PYMNTS

SEPTEMBER 14, 2017

In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As which is the newest eCommerce authentication protocol on the market.”. 13) a new partnership with CardinalCommerce.

Authentication

PYMNTS

MAY 22, 2020

Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify a Louis Vuitton bag, for instance. With new microchip tech by Cardano , cryptocurrency users would be able to access payment services without an internet connection.

CHIPS

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS

PYMNTS

MARCH 27, 2017

Despite the security and authentication benefits, timeliness is not part of EMV’s wheelhouse. As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals.

CHIPS

FICO

JULY 27, 2020

As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone.

Authentication

PYMNTS

OCTOBER 24, 2016

Said simply, Visa and Intel want to create standardized security for the Internet of Things and make it easier to instantly and correctly authenticate all those devices so that NWH or any of the other bad guys with similar ambitions can’t turn them against us. Baking Authentication In . When Capacity Grows Faster Than Security.

Security

PYMNTS

MAY 8, 2017

Last week reports began to emerge that for the last seven years, Intel chips have contained an authentication bypass vulnerability that makes it relatively easy to remotely hijack entire fleets of computers without ever entering a password. One problem, though — as it turns out, authentication can be bypassed pretty easily.

CHIPS

Payments Source

MAY 26, 2016

The fight between Visa and Walmart over authenticating chip cards could have a negative outcome for everyone involved, regardless of which side wins.

Chip Cards

PYMNTS

OCTOBER 18, 2018

With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,” said Linda Kirkpatrick, executive vice president, U.S. merchants and acceptance for Mastercard.

Visa

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. billion per year in incremental growth between 2018 and 2023.

EMV