EN LONDRES TOC BIOMETRICS RECIBIÓ PREMIO LATAM EDGE TECH AWARDS 2016

- Distinción como mejor empresa tecnológica latinoamericana con potencial global

le permitirá abrir presencia comercial en el mercado británico.

- En los últimos meses TOC Biometrics además abrió operaciones en Alemania,

Austria y Suiza, consolidando su expansión internacional.

 

TOC BIOMETRICS ganó en Londres el primer lugar del concurso para empresas tecnológicas latinoamericanas, LATAM EDGE TECH AWARDS 2016, cuyo objetivo es potenciar el ingreso comercial de la empresa al Reino Unido, uno de los centros tecnológicos con más desarrollo en la actualidad.

Gracias esta distinción -organizada por Incisive Edge , TradeHorizons y GrupoCASAUK- TOC Biometrics recibirá apoyo estratégico y operativo para el desarrollo del negocio, presencia corporativa, marketing, contabilidad y asuntos legales, entre otros aportes que considera el Latam

Edge Tech proyectado como uno de los más relevantes para impulsar la vinculación del mercado latino con Londres.

Más de 100 empresas de tecnología latinoamericanas compitieron siendo seleccionadas para la fase final solo seis procedentes de Brasil, Argentina y Chile. Tras dos días de intensas presentaciones ante un destacado panel de nueve expertos mundiales, se dio a conocer, este miércoles 26 de octubre, a TOC Biometrics como ganadores del concurso por ser la única compañía en desarrollar un sistema de alcance global. El sistema de verificación de identidad biométrico de TOC Biometrics utiliza la huella dactilar con los sensores de los teléfonos móviles.

Para Andrés Landerretche, gerente internacional de TOC Biometrics quien participó directamente en la presentación, ganar LATAM EDGE AWARDS “es un reconocimiento a nuestro sistema biométrico único, seguro e innovador que es un aporte tecnológico al mercado financiero mundial.”

Expansión internacional

Después de abrir operaciones en Alemania, Austria y Suiza, TOC Biometrics da otro paso en su plan de posicionamiento internacional al concretar presencia en el Reino Unido.

Durante este 2016, representantes de TOC Biometrics han estado presentes en las dos versiones del Money 20/20 realizado en Dinamarca y por estos días En Las Vegas, evento que reúne a los representantes de los servicios de pago, entidades financieras y desarrolladores tecnológicos más relevantes del mundo Fintech.

Los socios de TOC Biometrics también llegaron a Medio Oriente con presencia en el Middle East Banking Innovation Summit 2016 realizado en Dubái, siendo la única empresa latinoamericana de biometría.

 

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TOC participa en Middle East Banking Innovation Summit in DUBAI

Middle East Banking Innovation Summit Concluded with Immense Success

WEDNESDAY SEPTEMBER 14, 2016

The new age innovations in banking and the factors that are shaping the banking technology landscape in the region were brought to the fore at the Middle East Banking Innovation Summit that was held on 5-6 September at Palazzo Versace, Dubai. Organized by global conference producers, Expotrade Middle East, the summit witnessed over 20 speakers share insights on pressing topics and more than 450 senior bankers and leading industry practitioners attend the summit.

The summit opened with a welcome address from Naveed Minhas, Banking Industry Leader, MEA and Turkey, Global Business Services, IBM, Lead Sponsor of the event followed by Przemyslaw Bogusz, Financial Services Sector Manager, Comarch Middle East, Platinum Sponsor of the event.

ADIB’s Chief Operating Officer, Sagheer Mufti delivered a keynote address on Business Continuity program wherein he shared insights on the key elements of a business continuity program i.e, scalability, security, reliability and usability.

IBM’s Naveed Minhas’ presentation focused on the use of analytics at Wimbledon by IBM to drive a radically engaging customer experience and the lessons that banking can learn from it. This was followed by a session by Pedro Cardoso of Emirates NBD who spoke of the need to introduce solutions that match with the market’s needs and the new service offerings from the bank. He further emphasized upon the key trends affecting the banking industry including big data and analytics, cloud services, P2P payments, IoT, biometrics and security among many other factors.

Covering a broad spectrum of topics, the summit saw leading experts in banking, finance and technology sectors from the Middle East region delve deep in topics that focused on enhancing the corporate banking experience; banking in the cognitive era; build applications for other systems, not humans and driving customer engagement in the digital economy.

The summit also witnessed industry leaders Praveen Bangera, Mashreq; Marwan Elnakat, Gemalto along with Sudhesh Giriyan, Xpress Money participate in an interactive panel discussion on getting ready for eBanking and eCommerce digital transformation. With interesting data points, the panel discussion highlighted factors integral to a seamless and secure digital experience.

The second day of the summit began with a session by Siamak Amirghodsi of OCC on blockchain, digital currencies and the future of banking in 21st century followed by a presentation on developing security strategy for the digital age by Banque Saudi Fransi’s Roshdi Osman.

Gokhan Alakus of FGB delivered a session on how to know your customer (KYC) & exceed expectations, followed by a panel discussion on how banks can modernize and mobilize financial services without compromising security. The summit closed with yet another panel discussion that explored the power of technology and what the future has in store for the Middle Eastern banking industry with panelists from Comarch Middle East, Abu Dhabi Commercial Bank, IBM Middle East and OCC actively participating in the discussion.

Over 20 leading technology providers including IBM, Comarch, PinPay, IMTF, Gemalto, VMWare, ApPello, Xpress Money, Pennant Technologies, Wacom, to name a few showcased their marquee products and solutions.

The summit concluded successfully with Arvind Datta, Vice President – Credit, Dubai First, the consumer financial services business, commenting, “The conference has been a good platform to share insights into what is changing in the financial services arena. Some of the presentations were very informative.”

Mohammed Walid, Business Development Manager, Wacom, said, “The event handed an ample amount of opportunity to exchange dialogue with valuable prospects in order to expand our business in U.A.E and other close proximity regions.”

 

CNN Money: New security flaw in credit card chip system revealed

by Jose Pagliery   @Jose_Pagliery August 4, 2016: 1:35 PM ET

Chip credit cards: Slower but safer

Computer researchers claim to have found yet another flaw in the upgrade to the chip-based credit cards in the United States.

The chip on these credit cards have been praised for making them nearly impossible to counterfeit. While the cards also contain a magnetic strip, that strip is supposed to tell the payment machine to use the chip.

But there's a relatively easy way to knock down that safeguard.

Computer security researchers at the payment technology company NCR demonstrated how credit card thieves can rewrite the magnetic stripe code to make it appear like a chipless card again. This allows them to keep counterfeiting -- just like they did before the nationwide switch to chip cards.

They presented their findings at the Black Hat computer security conference on Wednesday.

This claim of a glaring hole in EMV, the chip-based system, is possible because of the way many retailers are upgrading their payment machines: They're not encrypting the transaction.

 

"There's a common misperception EMV solves everything. It doesn't," Patrick Watson, one of the researchers, told CNNMoney.

On Thursday, a banking and retail industry group that monitors the EMV system cast doubt on the theory.

"If the data on the magnetic stripe is altered it might fool the terminal," said U.S. Payments Forum director Randy Vanderhoof. But on the back end, the system would "reject the transaction."

But the discovery of this possible flaw bolsters the retail industry's complaints against the upgrade, which was forced upon shops by banks.

The National Retail Federation has long complained about the upgrade, which is estimated to cost American retailers $25 billion.

Related: Wal-Mart exec: Credit card upgrade a 'joke'

This latest research shows that retailers could spend millions of dollars upgrading to EMV and still not protect their customers from a massive credit card theft like the Target and Home Depot hacks two years ago.

Adding to the problem, payment terminal makers keep producing machines that don't have the encryption by default.

And vendors who sell and install these machines at shops don't simply flip the switch and turn on encryption. Retailers have to pay extra for basic security.

Related: 'Smart credit card' terminals can be hacked too

The major machine makers, Verifone and Ingenico, both asserted they offer point-to-point encryption on retailer's machines -- but it's up to retailers and their partners to turn it on.

Currently, retailers focus on protecting the computer network that support their payment system. But that leaves the actual conversation between your credit card and the machine in plain text, readable to any hacker who breaks into the system.

It's a mistake, said Mike Weber, vice president at the IT auditing firm Coalfire.

"They're assuming the environment is okay," he said. It's not.

During their presentation, the NCR researchers advised shops to "encrypt everything" in a transaction. They also said consumers should pay with special apps on their phones and watches whenever the high tech option is available.

CNNMoney (Las Vegas) First published August 3, 2016: 9:02 PM ET

 

     

     

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    Here's Why Biologically Based Authentication is Becoming the Go-To Security Feature for Enabling Digital Commerce…

    Biometrics in the Payments Industry (BI Business Intelligence)

     

     

    Passwords and PINs are being rendered irrelevant thanks to rising digital fraud, growing concern about data privacy, and difficulty remembering an endless stream of letters and numbers. That’s been leading both software and hardware firms to explore new methods of verifying user identity. One such method is biometrics — unique biological measurements that can be digitized and turned into a trackable record.

    These methods, which include fingerprint scanners, voice verification, or retina and vein scans, are steadily gaining popularity for unlocking smartphones or accessing sensitive apps — BI Intelligence forecasts that by 2021, 99% of US smartphones will be biometrics-enabled. But they’re also becoming increasingly popular as a way to verify payments, because they keep consumer data secure without inconveniencing consumers.

    But as these methods are implemented, firms face unique security challenges. Because of the way biological data is stored and encrypted, it’s much harder for hackers to access and use. But if it is accessed, it’s extremely valuable, since biological data can’t be changed or replaced in the event of a breach. And though those risks could deter consumer, merchant, and vendor adoption, it appears as though most parties believe the benefits outweigh the risks and will likely implement biometrics-based authentication in their applications moving forward.

    In a new report from BI Intelligence, we size the market for biometrics-enabled smartphones in the US, describe various types of biometrics authentication, evaluate their utility in the payments space, investigate the potential security risks and hurdles to adoption for both front- and back-end applications, and assess the types that are most likely to see widespread application.