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MYPINPAD launching study to uncover the power of PIN on mobile at MWC

London, Barcelona, 13th January 2017 – Marking its presence at Mobile World Congress 2017, MYPINPAD, an enabler of multi-factor authentication for unsecured touchscreen devices such as mobile phones and tablets, will launch an exclusive new whitepaper examining the role and potential of PIN on mobile devices to authenticate transactions.

2017 will see significant growth and adoption of mobile payments. In Europe alone the number of consumers using a mobile device for payments has tripled from 18% to 54% since 2015[1]. The use of PIN to authenticate these transactions on mobiles is imminent.

For bricks and mortar stores, the growth of mobile points of sale (mPOS) to improve customer experience is continuing. Research earlier this year suggests that, by 2021, 20% of all retail transactions will be done on mPOS and that one third of all POS devices will be mobile.[2] The potential of PIN on mobile has never been clearer.

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The further development of token security, what’s next?

Recently, the payments industry received news that Visa and Mastercard are teaming up to share tokenised credentials across their digital wallets (Masterpass and Visa Checkout). With the objective of making their wallets thrive, both schemes have committed to making them open and interoperable and to support multiple modes of use for consumers, e.g. in-app, online and in-store.

The move into a more collaborative and integrated payments industry is no doubt a good example for others members of the ecosystem. Championing new ideas and best practice to help mobile commerce grow, develop and become more secure in the industry should be celebrated.

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Biometrics and the trust factor

Last week was a very busy news week for biometrics.

There was news from Uber that their drivers will soon have to take mandatory and regular selfies in order to verify their identity. This was followed by an announcement from a researcher in Singapore who claimed that iris identification software, as piloted by the new Samsung Galaxy Note 7, would be the catalyst for the development of biometric driven mobile payments. Finally, Leonovo and PayPal, founders of the FIDO Alliance, shared the news that they were working on ways to have fingerprint authentication on laptops for payments.

But, even though biometrics are taking a protagonist position on today’s and tomorrow’s technology, there is still some resistance from users.

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Biometrics and PIN: the future of authentication

Consumers are becoming more concerned about their privacy and security, and this has been exasperated by recent high profile data breaches, such as at TalkTalk[1] and, more recently, with Myspace.[2] This has led many to question whether traditional authentication methods, such as usernames and passwords, are still secure. In a recent survey, 80% of consumers preferred biometrics over usernames and passwords.[3]

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Biometrics and Gaming

Companies in the business of selling must ensure that their customers are offered the easiest and most user-friendly options to browse, fill a basket and, crucially, complete the check-out process. The reality is, we don’t hang around if we’re made to wait.

And why should we? New technologies are emerging all the time to streamline the modern consumer’s mobile check-in and detail population experience. From retail to banking, we expect businesses to make our lives easier.

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Biometrics in Everyday Life, It’s Part of the Answer

2015 has seen biometrics in the public eye as never before. More and more devices and platforms have adopted the technology across multiple sectors, from airlines to financial services providers.

Biometrics isn’t a new concept. It has been around in a formalised way since the late 19th century when police forces began to use fingerprint identification to track and arrest criminals. The more recent leap forward in biometrics has been due to the ready availability of technology needed for automatic biometric recognition. The penetration of smartphones and tablets for both business and personal use is accelerating the push into everyday life.

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Industry Luminary Phillip Dunkelberger Joins MYPINPAD’s Board

LONDON, UK, 3rd August 2015 – MYPINPAD, the world’s first consumer authentication company set to deliver multi-channel and multi-factor authentication via the Cardholder PIN, is pleased to announce the appointment of Phillip Dunkelberger to its Board, effective immediately.

Phillip is an IT industry luminary with more than 30 years’ experience. He is best known for his role as co-founder and CEO of PGP Corporation, the leader in the Enterprise Data Protection market, until it was acquired by Symantec in 2010. In 2013 Phil became CEO of Nok Nok Labs, a founding member of The FIDO (“Fast Identity Online”) Alliance, an industry consortium supported by Google, Intel, MasterCard, Microsoft, PayPal, Samsung and Visa. This coalition was launched to change the nature of online authentication by developing technical specifications that define an open, scalable, interoperable set of mechanisms that reduce the reliance on passwords to authenticate users.

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