EMV Implementation in the U.S
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Everything You Need to Know About Crypto Management Contents
Everything you need to know about Crypto Management Contents The New Data Security Landscape ......................................................................................3 Encryption ..........................................................................................................................3 What About the Cryptographic Keys? ................................................................................4 Building a Crypto Foundation ............................................................................................4 The Four V’s Model ............................................................................................................5 1. Crypto Processing and Acceleration ..............................................................................6 Gemalto Integration Ecosystem ........................................................................................6 2. Key Storage .......................................................................................................................7 Centralized key storage (keys stored in hardware) ..........................................................7 Distributed key storage (keys stored at the endpoints) ....................................................8 3. Key Lifecycle Management .............................................................................................9 Key generation and certification ......................................................................................9 Key distribution ..................................................................................................................9 -
2020 Annual Report Discover Card • $71 Billion in Loans a Leading • Leading Cash Rewards Program
2020 Annual Report Discover Card • $71 billion in loans A Leading • Leading cash rewards program Student Loans Digital Bank • $10 billion in student loans and Payments • Offered at more than 2,400 colleges Personal Loans • $7 billion in loans • Debt consolidation and major purchases Partner Home Loans • $2 billion in mortgages Discover is one of the largest digital banks in the United • Cash-out refinance and home loans States, offering a broad array of products, including credit cards, personal loans, student loans, deposit products Deposit Products and home loans. • $63 billion in direct-to-consumer deposits • Money market accounts, certificates The Discover brand is known for rewards, service and of deposit, savings accounts and checking value. Across all digital banking products, Discover seeks accounts to help customers meet their financial needs and achieve brighter financial futures. Discover Network Discover Global Network, the global payments brand of • $181 billion volume Discover Financial Services, strives to be the most flexible • 20+ network alliances and innovative payments partner in the United States and around the world. Our Network Partners business provides payment transaction processing and settlement services PULSE Debit Network on the Discover Network. PULSE is one of the nation’s • $212 billion volume leading ATM/debit networks, and Diners Club International is a global payments network with acceptance around Diners Club International the world. • $24 billion volume To my fellow shareholders, A year has passed since our world changed virtually overnight as we faced the greatest public health crisis in a century and the resulting economic contraction. We remain grateful to those on the front lines of this battle, including healthcare and emergency workers, and everyone who has taken personal risk to make sure the essential services of our society keep running. -
Rupay: the Emergence of an Indian Card Giant (A Marketing Perspective)
International Journal of Scientific and Research Publications, Volume 9, Issue 2, February 2019 525 ISSN 2250-3153 RuPay: The Emergence of an Indian Card Giant (A Marketing Perspective) Siddharth, Vijayraj, Subham Dash, Varun Chadha, Varun D. Nankani Christ (Deemed to be University) - Bannerghatta Campus Bangalore, India 2019 DOI: 10.29322/IJSRP.9.02.2019.p8667 http://dx.doi.org/10.29322/IJSRP.9.02.2019.p8667 Abstract- There have been turbulent changes in the banking sector gain an international scheme. As of July 2018, these cards were of the world which lead to capitalisation of various untapped issued to savings and current bank account holders across 1100 opportunities. One such opportunity was interbank transfers using banks including cooperative banks and Regional Rural banks. It ATM cards. VISA and MasterCard were the ones that decided to has 65% of the Indian market share and is accepted at all the capitalise on this opportunity and became the biggest payment ATMs, e-commerce portals and Pos terminals. networks of the world. RuPay is India’s very own card scheme to promote debit and It has various advantages leading to its mass acceptability. credit card transactions, which was launched in 2012, by National • The occurrence and settlement of transactions happen Payment Corporation of India (NPCI). The cost of the transaction domestically, the cost is lower and thus is affordable. in India was high in spite of the fact that in India 90% of the credit • As it is domestic in nature, it is aiming at customized transactions and almost all debit transactions are domestic. -
Axis Bank Partners with Diners Club International to Offer Forex Card
Press Release Axis Bank partners with Diners Club International to offer Forex Card . World’s first Forex prepaid card issued in conjunction with Diners Club International . Corporate and leisure card holders travelling abroad, especially to the United States, China, Japan and Korea, to benefit . Card holders will have access to more than 35 million merchant locations and more than 1 million ATM and cash access locations across 185 countries Mumbai, March 9, 2016: Axis Bank, a market leader in travel currency cards, today announced the launch of the world’s first Forex prepaid card issued in conjunction with Diners Club International, a business unit of Discover Financial Services. The Forex Card will run on the Discover Global Network, the third largest payments network in the world, providing card holders with global acceptance. The strategic alliance delivers widespread acceptance in key markets including the United States and North Asia, by utilizing Discover Global Network partnerships with China’s Union Pay, Japan’s JCB and South Korea’s BC Card, among others. In all, the Discover Global Network includes more than 35 million merchant locations and more than 1 million ATM and cash access locations across 185 countries. The card offers a bouquet of privileged services and benefits to travelers, including access to more than 600 Diners Club airport lounges globally. The EMV chip embedded card will make payments more secure. The card comes at no additional cost to customers and is available at the same price as Axis Bank’s existing Forex Cards. Speaking on the occasion, Mr. Sidharth Rath, President & Head, Treasury, Corporate & Transaction Banking, said, “Axis Bank continues to be the market leader in the Prepaid Forex Card category. -
Attack Tree for Modelling Unauthorized EMV Card Transactions at POS Terminals
Attack Tree for Modelling Unauthorized EMV Card Transactions at POS Terminals Dilpreet Singh, Ron Ruhl and Hamman Samuel Information System Security and Management Department, Concordia University College of Alberta, 7128 Ada Blvd NW, Edmonton, AB, Canada Keywords: EMV, EMV Transaction Process, Attack, Attack Tree Methodology, Point of Sale Terminal, PCIDSS. Abstract: Europay, MasterCard and Visa (EMV) is a dominant protocol used for smart card payments worldwide, with over 730 million cards in circulation. One goal of the EMV protocol is to secure debit and credit transactions at a point-of-sale (POS) terminal, but still there are vulnerabilities, which can lead to unauthorized disclosure of cardholder data. This research paper will provide the reader with a single document listing the vulnerabilities leading to various possible attacks against EMV payment card transaction process at a POS terminal. Attack tree methodology will be used to document these vulnerabilities. This research will also provide the countermeasures against various possible attacks. 1 INTRODUCTION 2.1.1 Application Selection For 25 years, EMV has implemented payment cards EMV cards may contain multiple applications which initially used a magnetic stripe only but now (Debit/Credit/ATM) and files supporting the contain a chip microprocessor which processes applications. On inserting the EMV card into the payments at POS devices. This research examines POS terminal, the terminal requests to read the EMV when the card is present at a POS terminal and will file “1PAY.SYS.DDF01” listing the applications use attack tree methodology to describe the security that the chip card contains. After successful of dynamic data authentication and combined data application selection, the card sends the Processing authentication (DDA/CDA) EMV cards. -
Credit Card 101
Credit Card 101 Jump Start Program First Data Learning Organization Confidential & Proprietary to First Data Corporation Developer: 10 Rev 03/03/2011 V2.0 Agenda – Card Brands – Card Types – The PiProcessing Flow – Selling Merchant Processing – Knowledge Check Confidential & Proprietary to First Data Corporation. 2 Credit Card’s 5 Major Brands • Visa Credit Cards ‐ credit cards issued by Financial Institutions that are members of Visa, cards carry the Visa Logo on the front of the card. • Master CdCard Cre dit CCdards ‐ cards idissued by Financ ia l IiiInstitutions that are members of MasterCard, cards carry the MasterCard logo on the front of the card. • American Express Credit Cards ‐ cards issued by American Express Financial Services, or their partner Financial Institutions, cards carry the American Express logo on the front of the card. • Discover Credit Cards ‐ cards issued by Discover Financial Services, or their partner Financial Institutions, cards carry the Discover or Novus logo on the front of the card. • JCB Credit Cards (Japanese Credit Bureau) ‐ cards issued by Financial Institutions (usually foreign Financial Institutions), cards carry the JCB logo on the front of the card. The common characteristic associated with each type of credit products: • Each credit instrument used to make the purchase/payment is associated with a line of credit that must be repaid to the issuing financial institution. Funds are not pulled out of a Bank or Government funded account. Confidential & Proprietary to First Data Corporation. 3 What Do They Mean By Card Typ e? Type of Card – Type refers to the card presentdted by the consumer at the time of purchase. -
Industry Perspectives on the Evolution of EMV Payment Tokenization
Industry Perspectives on the Evolution of EMV Payment Tokenization Revised May 6, 2019 [Original release date September 24, 2018] Susan Pandy, Ph.D. and Marianne Crowe, Federal Reserve Bank of Boston Marianne Crowe is Vice President and Susan Pandy is Director in the Payments Strategies Group at the Federal Reserve Bank of Boston. The views expressed in this paper are solely those of the authors and do not reflect official positions of the Federal Reserve Banks of Boston or the Federal Reserve System. Mention or display of a trademark, proprietary product or firm in this report does not constitute an endorsement or criticism by the Federal Reserve Bank of Boston or the Federal Reserve System and does not imply approval to the exclusion of other suitable products or firms. The authors would like to thank members of the MPIW and other industry stakeholders for their engagement and contributions to this report. Table of Contents Executive Summary ...................................................................................................................................... 3 I. Introduction ............................................................................................................................................ 4 II. Changes between EMV Payment Tokenisation Specification v1.0 versus v2.0 .................................... 5 III. Impacts of Evolution of Payment Tokenization on the Mobile Payments Landscape ........................... 7 A. Emergence Third Party Token Service Providers (TSPs) ............................................................... -
Smartcards and RFID
Smartcards and RFID IPA Security Course Lejla Batina & Erik Poll Digital Security University of Nijmegen 1 Overview • example uses • (security) functionality • smartcard technicalities • RFID technicalities • attacks Smartcard & RFID uses 3 Example smartcard & RFID uses • bank cards • SIMs in mobile phone • public transport – eg OV chipkaart in NL • identity documents – modern passports and national ID cards contain (contactless) chip • access cards – to control access to buildings, computer networks, laptops,... – eg Rijkspas for government personnel – eg UZI pas for medical personnel to access EPD – pay TV 4 (Security) functionality 5 Differences? Commonalities? With respect to functionality or security 6 Differences & Commonalities • all provide data storage • for reading and/or writing • but secured to different degrees & in different ways – different aims of securing: • confidentiality • integrity/authenticity – different ways of securing • integrity by physical characteristics vs digital signatures • access control (eg PIN code, password, crypto protocol) possible on smartcard, not on a magstripe 7 Differences? Commonalities? 8 Smartcard vs other computers No fundamental difference ! smartcard does not only offer data storage but also processing power Btw, smartcards outnumber normal computers such as PCs and laptops Smartcard is restricted in its possibilities How, for example? Smartcard can offer security that PC cannot What, for example? eg you cannot remove the hard drive 9 Smartcard technicalities 10 What is a smartcard? • Tamper-resistant computer, on a single chip, embedded in piece of plastic, with very limited resources – aka chip card or integrated circuit card (ICC) • capable of “securely” – storing data – processing data • This processing capability is what makes a smartcard smart; stupid cards can store but not process • NB processing capabilities vary a lot... -
Towards a Cyber-Security Roadmap for Digital Payments Best Practices and Recommendations
Towards a Cyber-seCuriTy roadmap for digiTal paymenTs BEST PRACTICES AND RECOMMENDATIONS Sidharth Deb © 2019 Observer Research Foundation All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission in writing from ORF. Observer Research Foundation 20, Rouse Avenue Institutional Area New Delhi 110002 [email protected] www.orfonline.org Koan Advisory B6-1, Second Floor, DDA Commercial Complex Safdarjung Enclave, New Delhi 110029 [email protected] www.koanadvisory.com/ Design and Layout: simijaisondesigns Cover Image: Pete Linforth/Pixabay ISBN: 978-93-89094-06-0 ISBN Digital: 978-93-89094-07-7 Towards a Cyber-seCuriTy roadmap for digiTal paymenTs BEST PRACTICES AND RECOMMENDATIONS Sidharth Deb Contents List of Abbreviations 2 Context, Scope and Structure of Report 5 I. INSTITUTIONAL REFORM 9 A. CII Protection Frameworks 9 Domestic Scenario 9 International Best Practices 10 Recommendations 12 B. Cyber Incident Response and Information Sharing 13 Domestic Scenario 13 International Best Practices 15 Recommendations 17 C. Rationalising the Role of Payments Institutions 18 Domestic Scenario 18 International Best Practices 19 Recommendations 20 D. Coordinating the Role of Cyber-Security Institutions 21 Recommendations 22 E. Integrating Future Institutions: Proposed Data Protection Authority of India (DPA) 23 Recommendations 23 II. STANDARDISATION APPROACHES 25 A. Risk-Based Approaches in Technical Regulation 25 Domestic Scenario 25 International Best Practices -
M2020 USA COMPANIES 22.6.21.Xlsx
$1 CUNA Strategic Services Kinecta Federal Credit Union RSA Security 14 West Curacao Money Transfer King Irving Consulting Group Russell Reynolds Associates 2nd Order Solutions Currency Cloud Kinnevik Capital Limited Safrapay 3Rivers Federal Credit Union Cvent KKR Capital Markets LLC Sageview Capital 4Front Credit Union Cvent HQ KnovaOne Salelytics 5Point Credit Union DadeSystems Kobie Marketing, Inc. SalesOptimize 7 Mile Advisors DailyPay, Inc KONA I Co., Ltd. Sanctum Insights LLC Abound Daimler Mobility Services GmbH KoreFusion International Sandy Spring Bank Accenture Dancu Partners, LLC KPMG Santander Commercial Banking Accutrend Data Corporation Dash Kunai Santander InnoVentures ACI Worldwide DataSeers Ladenburg Thalmann Financial Services Saola Ventures Acria UG (haftungsbeschränkt) DataX, LTD Launchpad Capital Sapphire Ventures Acuant Inc daVinci Payments Inc. Lazard Middle Market Schedulicity Adcel Mobile Card Inc. DC Bank LenderClose Schools First Federal Credit Union Adcel MobileCard Debt Advisor Lendio Scienaptic Systems Administrative Services, LLC, a Neustar Company Deduce, Inc LendIt Fintech Scotiabank adorsys GmbH & Co. KG Dell Boomi LendKey Seattle Bank adorsys Group Deloitte LendUp Securitize Inc AffiniPay Deloitte Uk Lenny Crotty SecurityMetrics Affinity Plus Demica Levvel - IT Consulting Firm Seek Capital Affinity Plus Federal Credit Union Demica Limited LexFin SEFCU Affinity Solutions Desert Financial Credit Union LexisNexis SegPay AIS Media, Inc Deserve LexisNexis Risk Solutions SEI Investments Aite Group Deutsche Bank LF Search Senacor Technologies AG AKBANK T.A.S. Deutsche Bank - London LGE Community Credit Union Sensibill Akoya LLC Deutsche Bank AG LGFCU Sensibill Inc. Alkami Technology Deutsche Bank Securities Liberis Serrala Group GmbH All My Papers Deutsche Bank Trust Co America Liberty Mutual Insurance ServiceNow, Inc Allegro.pl Sp. -
Norton Antivirus Subscription Renewal Code
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Unmask Digital Fraud. Today
UNMASK DIGITAL PRAUD TO DAY. BOOSTING CUSTOMERS’ AND COMPANIES’ DEFENSE AGAINST DIGITAL FRAUD FS PERSPECTIVES CONTENTS 01 THE e-FUTURE IS HERE 02 DIGITAL FRAUD GOES SMART DIGITAL FRAUD HAS 03 DIFFERENT FACETS DIGITAL FRAUD IS SHIFTING GEARS 04 • Case in Point DIGITAL FRAUD IS ACCELERATING 05 • Current trends • Future trends DIGITAL FRAUD IS EVOLVING, 06 BUT THERE’S A WAY TO BEAT IT 07 HOW ACCENTURE CAN HELP 08 STAYING AHEAD OF THE GAME 3 Digital convergence has transformed the marketplace. The new-age consumer is THE e-FUTURE IS HERE spending more time on “virtual platforms” and Digital convergence, the smartphone revolution and affordable, high-speed prefers “digital conversations” (cashless and Internet have together transformed the payments market. They have given seamless payments). financial institutions unprecedented access to consumers—quite literally, enabling them to reach into their pockets. And consumers, on their part, have been quick to adapt to the new marketplace. But are these “digital conversations” secure? While companies have been successfully riding the e-wave, there’s been a The future decidedly lies with businesses that simultaneous rise in the tide of “digital fraud”, specifically, card payments can answer confidently in the positive. fraud. Consider the following: 2018 Global card losses associated with FRAUD IS ALIVE. FRAUD IS SMART. transaction frauds are expected to 2017 1 AND FRAUD IS HERE TO STAY. ARE YOU? cross US$31.3 billion. When EMV (Europay®, Mastercard® and Visa®) chips were first Card fraud cases increased by 3.1 percent in Australia, with losses amounting to A$538.2 million.