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Introducing WollettePay: One-Tap Payments Finally Come to Open Banking

Fintech Finance

With WollettePay, each transaction is protected by biometric verification, tokenisation, and advanced encryption, providing merchants and consumers with complete confidence in a seamless, secure experience. “WollettePay is the first solution to bring open banking up to speed with the card networks.

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Wollette unveils WollettePay

Finextra

With WollettePay, each transaction is protected by biometric verification, tokenisation, and advanced encryption, providing merchants and consumers with complete confidence in a seamless, secure experience. No cards Merchants avoid card fees and reduce fraud. Omnichannel Works online and in-person.

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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web.

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Is No-Factor Authentication Digital Security’s Future?

PYMNTS

Though there is much that individual firms and the industry as a whole can do to stem the hemorrhage of sensitive data into the hands of cybercriminals – via better encryption, storage and anonymization of data – there is a staggering amount of data already out there from previous breaches that is useful to fraudsters.

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FIDO ED On Google’s Biometric Move Beyond The Password

PYMNTS

or FIDO2), which helps companies bypass passwords for authentication that involves fingerprints or facial recognition. As noted in this space, in terms of mechanics, the technology makes use of key encryption, which in turn involves the use of two keys: one private and one public.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Consumers can also take more advantage of tap-to-pay technology. By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Debbie holds a B.A.

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Ex-NSA Director: ‘Cyberthreats As Bad As Ever’

PYMNTS

A debate ensued about two-factor authentication and the value of such security measures, with it boiling down to one question: how to balance consumer authentication without a frictionless commerce experience. Securing identity should be at top of mind — all, of course, while keeping consumer privacy in mind.