Remove Consumer Authentication Remove Encryption Remove Privacy
article thumbnail

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. Please read our Privacy Policy. No cards Merchants avoid card fees and reduce fraud.

article thumbnail

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. Each $1 of fraud costs retailers $3.13. .

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.