Despite the early hype around Apple Pay and mobile wallets, it’s increasingly clear that adoption of these technologies has been tepid and peek levels of usage may be behind us. An analysis by Goldman Sachs shows Apple Pay adoption in the US is ‘underwhelming by nearly every objective standard’. Business Insider: Apple Pay Adoption Underwhelms […]
There’s been a lot of buzz around the payments industry lately with news about MasterCard testing “selfie pay” and banks like Wells Fargo experimenting with eyeball scanning software. Surveys show that people like these approaches because they are more convenient that using passwords but it does raise questions around how secure they really are. […]
As someone who has looked deeply into chip card technology, I found myself a little annoyed at the recent articles that a “flaw” in EMV chip cards had been demonstrated at a recent hackers conference in Las Vegas. Alleged EMV Flaw Stirs Debate Despite what some news outlets reported, the hackers only demonstrated that they […]
A few weeks ago my mom asked me which anti-virus software she should buy for her home PC. Being a good son, I spent a bit of time looking at independent lab reviews of the most popular products available so I could give an informed answer. A couple of days later, news broke that a […]
I sometimes hear surprised reactions when I tell people that our product focus is on desktop e-commerce. Many people are convinced that mobile e-commerce accounts for more than desktop and that desktop is rapidly dropping to zero. Actually, almost 80% of e-commerce transactions are made from the desktop and it’s growing by $10 billion / year. If you’ve […]
With the launch of Apple Pay in 2014, banks and merchants were told they were getting a system that would help prevent fraud by requiring fingerprint authentication and providing better security than plastic credit cards. Apple used this promise to elicit revenue sharing from merchants and banks that supported their system. What actually happened? […]
As I’ve been out and about talking to people about our solution to protect credit card numbers, the topic of protecting social security numbers has come up several times. The recent spike in tax fraud and the theft of millions of government employee records has given the problem of social security number theft a new […]
Over the past year, I’ve been speaking with executives at banks and card networks about credit card fraud, and there’s one phrase I hear over and over again. “Fraud is just the cost of doing business”. In the banking industry, it seems like this is the “go to” response when someone asks about fraud, and […]
Our company and our products have been in “stealth mode” for the past year and a half as we designed and built the Chip Shield device, implemented back end servers and client libraries to support the devices, and built our web sites and mobile apps. After all these months of secrecy, we’re finally ready to […]
