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Apple Watches Booted From UK Cabinet

PYMNTS

s Cabinet ministers will no longer be allowed to wear Apple Watches during meetings. A recent research study out of Binghamton University revealed wearable technology may put the user at risk of getting their ATM PIN hacked. “The Russians are trying to hack everything,” a source told The Telegraph. .

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Can Smartwatches Make ATM PINs Open To Hackers?

PYMNTS

A recent research study out of Binghamton University now suggests another potential target for hackers: wearable technology. Wearable technology has been a notable trend since the launch of the Apple Watch in April of 2015, but does donning the trendy tech also put the user at risk of getting their ATM PIN hacked?

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Debit, ATMs And The New Age Of Bank Branches

PYMNTS

That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs? In the competition between large banks and smaller ones, technology lends an edge, said Cullen. Estimates from Deloitte show that maintenance is $165 per ATM per month.

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

With any change, fraud comes hand-in-hand. Other changes are centered on the challenges of bank and ATM closures limiting consumer access to cash. All these evolutions mean a changing landscape for retail fraud and scam trends. All these evolutions mean a changing landscape for retail fraud and scam trends.

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Debit Issuers Turning The Tech Tables On Fraudsters

PYMNTS

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. retailers have online system vulnerabilities that could leave them open to fraud. They must also navigate these fraud risks while offering the payment methods customers crave — especially debit and contactless options.”.

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Can Smartphones Solve ATM Skimming

Banking 2020

ATM skimming remains a big business for organized crime rings. One new approach that banks are exploring to mitigate this particular vector of fraud is the notion of using smartphones as a second factor of authentication since most people always have their phone with them. But that is just one issue with QR codes.

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Arming Credit Unions In The Fight Vs. Fraud

PYMNTS

New year, new payments technology, same old mag stripes. And that, John Buzzard, fraud executive expert of CO-OP Financial Services told PYMNTS, means that the financial services industry must continue to deal with the challenges and security risks associated with magstripe payments as well. Monetization Of Personal Data.

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