With reports of new data breaches hitting the news every day, you might be surprised to hear that spending on cyber-security is at an all-time high. However, as these attacks become more sophisticated, much of this spend has been focused on protecting the wrong areas. In particular, businesses have increasingly prioritised securing the perimeter surrounding IT systems instead of the data itself. In fact, network security hardware, such as firewalls and unified threat management, are seeing continued investment from businesses.

Global industry association, nexo standards, today announces the launch of its first accredited test tool, delivering services in line with its latest nexo Implementation Specification NIS version 4.0 allowing the validation of an Acquirer Host supporting the nexo Acquirer protocol, version 6.0. Payment acceptance stakeholders can now feel confident solutions will interoperate seamlessly with other nexo-compliant players in the field, fast-tracking the ecosystem’s migration to nexo standards protocols.

ID TECH has received the industry’s first EMV^®* Contactless Interface v3.0 approval for its ViVOpay line of contactless payment devices. FIME’s services were instrumental in certifying ID TECH’s contactless product with EMVCo’s updated EMV Level 1 Specification.

The enhanced specification addresses the latest interoperability and communication needs of EMV acceptance devices and contactless payment form factors.

Tata Consultancy Services, a leading global IT, consulting and business solutions organisation, has crossed a major milestone by successfully completing the first phase of implementation of the TCS BaNCS Insurance Platform as part of a business transformation programme for Scottish Widows, the life and pensions arm of Lloyds Banking Group.

Norwegian bank group SpareBank 1 announces it has selected Nets to provide its open banking infrastructure. The group of 14 savings banks will implement Nets Access to Account Services (NAAS) - a single platform that enables access to banks across the Nordics and Europe.

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has launched a software-as-a-service (SaaS) Regulatory Reporting solution. This marks the first time that the company’s OneSumX regulatory software has been made available on the cloud, thereby aligning with the cloud technology strategies the company’s customers are adopting, providing predictability of cost and lower total costs of ownership.

Path Solutions, the leading provider of Islamic software solutions and services, has won the title of ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019. The award puts emphasis on the company’s Sharia-compliant financial software suite and recognizes innovation and impact in advancing the Islamic financial services industry.

TriOptima, a leading infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, today announced that it has reduced notional outstanding at Eurex Clearing by 26% following a record compression run on June 26, 2019.

British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert.

Two thirds (66%) of people rate safe and secure payments as most important in the online checkout process, with only one in ten being most concerned about speed or simplicity. Security ranked highest across all age groups, and was a particular concern for over 55s (75%) compared to just over half of 18-24 and 25-34 year olds (52% and 53% respectively).

iSignthis Ltd (ASX: ISX|FRA: TA8) (“The Company”) is pleased to announce that it has recently met with representatives from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA), and advises that its applications are progressing well, and likely issued this quarter. Engagement with the Australian Securities and Investment Commission (ASIC) also continues on our Australian Financial Services License (AFSL).