Powered Card Solutions, LLC (PCS), an innovator in powered display card products, has announced the availability of its embedded technology for use in secure debit and credit cards.
This technology embeds electronics, a Solicore thin-film battery and a display within a credit or debit card to generate unique rolling passcodes that can prevent high-profile card security breaches.
PCS’s solution has taken security to the next level by making each transaction unique by providing a code that once used is never duplicated. This solution is effective at point-of-sale terminals and ATMs.
“We could have prevented the broad-scale fraud that just recently occurred at Target if they were using a financial transaction card with a rolling passcode,” says PCS’s Managing Director Dave Corey. “They could have stolen the numbers but couldn’t have done anything with them because the one-time passcode changes for every transaction.”
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Three years on from being acquired by PayPal, Braintree, a company which allows merchants to process a range of different payments, has revealed the number of its payment transactions has increased by 25 times.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
Square has introduced a new update to its contactless and chip readers that reduces transaction speed to 4.2 seconds.