$950 million constituted thefts from cryptocurrency exchanges, infrastructure services like wallets.
Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumers
Tokenisation is a process aimed at increasing the security and safety of payment systems by replacing the card details with a unique alternate payment ID or code termed as a ‘token'.
There is a robust need for safeguarding our data and own responsibility for it.
Snapdeal owned mobile wallet and online recharge platform FreeCharge, has announced its association with ToneTag to enable customers to make payments using sound.
Payment providers need to upgrade their security as they are at great hacking risk, say security experts
With more and more people logging into e-wallets or m-wallets for daily payments, the target for hackers has increased exponentially, experts warn, suggesting that upgraded security is the only way to safeguard millions of first-time users and small and medium businesses from losing their hard-earned money.
While many of the intricacies in the broad and specialized FinTech space still need to be ironed out, the momentum among existing and new entrants in this space continues to prevail.
Retailers today are challenged with addressing multiple disruptive technologies and the demanding "Digital customer" who like to order products and services using more than one touch points at their convenience of location and device.
The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity."