Gemalto is supplying Telefónica Deutschland with an identity verification service. It will complement the existing verification solutions and enable prepaid customers to easily confirm their identity through all sales channels, including in-store, online and via their mobile. Gemalto's service confirms the authenticity of a vast range of identity documents in real-time, these include passports, ID cards and residence permits among others. It ensures that Telefónica Deutschland continues to meet national fraud regulations while deploying an innovative process for customer enrolment.
The proposal for a Cybersecurity Act is a matter of European industrial policy and economic growth as well as being of importance for European digital sovereignty and societal choices.
The level of resistance to potential attacks on European encryption solutions will be key to the technical transposition of articles 7 and 8 of the European Union Charter of Fundamental Rights.
Gemalto has joined forces with Entrust Datacard to provide a unique, SaaS-based instant issuance solution for U.S. financial institutions. In 2006, instant issuance began to penetrate the payment card industry, and banks were presented with the opportunity to set themselves ahead of their competition by providing consumers with a higher level of service and differentiated products. With additional benefits to the solution, it has now become critical for financial institutions to integrate instant issuance into their portfolio. Aite Group's Tiffani Montez agrees: "The ability to instantly issue a card in a branch was a luxury in the past, but as more and more issuers implement this capability, it is slowly moving from a nice-to-have to a must-have." Aite's research also shows that from 2017 to 2021, the number of North American financial institutions who have implemented instant issuance will jump from 3,312 to 5,483, representing 55% market adoption.
Savvi, used to test the connection between payment terminals and network systems, already supported EMV® L3 testing in-line with the guidelines of individual payment systems. This latest qualification accommodates the most recent efforts of EMVCo to align, streamline and standardize this testing process across multiple payment brands.
American Express announced the introduction of blockchain-enabled, business-to-business cross-border payments. The American Express FX International Payments (FXIP) business is working with Ripple, provider of enterprise global blockchain solutions, to make blockchain payments commercially available, reducing the time and cost of settlement, while maintaining the level of security that American Express customers know and expect. Santander UK is the selected partner to initiate this exciting new transaction channel, which has the potential to expand substantially over time.
The Board of SIMalliance has elected Remy Cricco (OT-Morpho) to serve as the organisation’s Chairman. In his role, he will work alongside fellow Board members representing Gemalto, G+D Mobile Security, ST Incard and VALID, to further SIMalliance’s aim: to advocate the protection of sensitive connected and mobile services to drive the deployment and remote management of such services across multiple industries and use cases, including the Internet of Things (IoT).
ICT Security Certification and Labelling Framework: One Step Further Towards a European Cybersecurity Market
Eurosmart welcomes the adoption of a new European cybersecurity package, which includes a security certification and labelling framework. Given the proliferation of massive cyberattacks, such as Mirai in November 2016, WannaCry in May 2017, and Petya second wave in June 2017, a European Policy is needed in order to strengthen the Digital Agenda in Europe and the European Single Market both for consumers and the industry.
The Governing Council of the European Central Bank (ECB) has decided to develop a new service for the settlement of instant payments. The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a year.