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Wallet wars: How digital payments are reshaping finance

The Payments Association

The European PSD2 framework, growing pressure on big techs financial ambitions, and central bank digital currency (CBDC) discussions all indicate a looming regulatory crackdown. Digital wallet providers must: Implement robust encryption and tokenisation to protect card details and transaction data.

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Wollette to launch WollettePay for one-tap Open Banking

The Paypers

A2A payments made through WollettePay are authenticated using biometric verification and supported by tokenization and encryption measures. The new system enables consumers to make payments directly from their bank accounts without needing to enter card details or go through redirects.

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Rethinking CBDCs: Addressing design flaws and privacy concerns

The Payments Association

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. The designs broadly share a set of characteristics that, by and large, reflect a common set of mistaken assumptions that reveal important flaws in the prevailing CBDC proposals. What is this article about? Why is it important?

Privacy 88
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Mastercard, President & CTO Ed McLaughlin?—?Emerging Technologies in Payments

Wharton Fintech

If you have noticed the chip that is on the card to provide encryption of all transactions and payments, when we moved into mobile devices like Apple Pay or Google Pay, we used the chips in your phone to offer similar encryption capabilities. A lot of technology went into securing the payment systems to fight fraud.

Visa 130
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Three Quick-Fire Keynotes at FinovateEurope You Won’t Want to Miss

Finovate

Could quantum computing break the encryption keys used in current security protocols and leave sensitive data vulnerable to attack? How quantum computing could transform banking; it can process data 10 million times faster than supercomputers what are the use cases for banks? FinovateEurope is only a month away 25 and 26 February!

CBDC 52
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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

JPMorganChase The firm validated Quantum Key Distribution (QKD) technology in a Data Centre environment using existing fibre infrastructure with end-to-end IPsec encryption of actual IP data in an air-gapped environment. This served as the first step towards integrating QKD technology into different security protocols (e.g.

AI 108
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50 Fintech Buzzwords Explained

M2P Fintech

Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank. Unlike physical cash or bank deposits, CBDCs are purely electronic. As of December 2023, an impressive 130 countries are actively exploring CBDC initiatives.

FinTech 59