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Posts Tagged ‘MasterCard’

MasterCard reveals biometric plans for password-killing protocol

November 13, 2014 1 comment

planetbiometrics.com

mastercard Biometric

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MasterCard has outlined plans for a new authentication standard designed to end the use of passwords in online payments, saying that the protocol could be released as early as next year.

The firm says the new standard, which is being developed in cooperation with Visa, will move security infrastructure beyond the PC era, “supporting emerging technologies and changing consumer needs”.

The new protocol could be adopted in 2015 and will gradually replace the current 3D Secure protocol. “[R]icher cardholder data … will result in far fewer password interruptions at the point of sale”, said MasterCard.

In the event that an authentication challenge is needed, cardholders will be able to identify themselves with the likes of one-time passwords, or fingerprint biometrics, rather than committing static passwords to memory.

“All of us want a payment experience that is safe as well as simple, not one or the other. We want to Read more…

Sprint, MasterCard, Citibank Partner Up For ‘Google Wallet’

May 26, 2011 1 comment

pcmag

Nexus S 4G 150 A Google Partner Event in New York kicks off in a couple hours with all signs pointing to an announcement about a mobile payments platform that’ll let you tap your phone against a card reader to pay for an item, using technologythat has been implemented in Japan for years. But if the groundswell of rumors is to be believed, there’s not much left to announce:

Late Wednesday night This Is My Next unearthed an internal announcement from The Container Store, believed to be a launch partner for Google’s mobile payment platform, dubbed “Google Wallet”:

It sounds like Google has chosen some major “innovative” retailers to kickstart a mobile payment platform that lets customers tap their phones against a contact-less card reader to pay for an item. And it sounds like The Container Store will start using the readers on September 1.

Bloomberg reported Tuesday that Google will use the event to unveil a mobile payment platform on Sprint phones embedded with NFC chips. Customers with these NFC-supported phones, currently limited to Google’s Nexus S 4G (Sprint) and Nexus S (T-Mobile) in the U.S., will be able to tap their devices against an NFC-enabled card reader to make an instant payment. The program will launch in Read more…