Payment Systems Fraud Is Not the Same as Data Security!

A Report from the Federal Reserve Bank of Chicago's 2008 Payments Conference

by Linda Elliott

I’ve just returned from the Chicago Federal Reserve Banks’ 2008 Payments Conference where this year’s topic was Payments Fraud: Perception versus Reality. The conference had good presentations on fraud perspectives in payments ranging from check processing to PayPal, mobile commerce, and contactless card technology. » More

In Search of the Killer App

by Linda Elliott

Linda provides another update from this week's Digital ID World.

Phil Becker asked the question at a Digital ID World breakout session:

“What will make Amazon or eBay start really using the identity infrastructure?”

Those who watch the web, authentication initiatives following on the FFIEC push for strong authentication dating back two years now, and identity have wondered about this for a long time. There is a notion that a third party authentication provider could emerge and provide identity authentication for many sorts of applications. But it hasn’t happened yet. Why not? » More

Doc Searls Provides a new ‘Clue’ for the Identity World

by Linda Elliott The exhibition floor at a conference can tell you a lot about the state of development of the topic. Exhibitors front and center on the exhibit floor at Digital ID World this week are MSFT, Novell, Oracle, AOL, while the smaller players, who were the only ones a few years ago: Ping, Radiant, Securent are there, but not as prominent. Many of the original companies in this space have been acquired by the powerhouses of IT infrastructure. » More

Identity: Innovation or Infrastructure

by Linda Elliott

There has been a lot of attention paid to identity authentication in the payments world over the last several years. Five years ago, systematizing the use and sharing of identity beyond the proprietary structures of vendor products was a new idea and there was great energy in the marketplace. The Liberty Alliance attracted large financial associations as well as movers and shakers in the financial world. Inevitably, open source and open standards groups weighed in with innovative approaches. » More

Commentary on Transactions Systems - Our 21st Century Dependence

Glenbrook's Linda Elliott has years of experience in designing, building and operating some of the largest payment processing platforms in the industry. She filed the following commentary - after reflecting upon some the cluster of news stories over the last week about difficulties with several significant transaction systems. Click here to read Linda's commentary on Payments News.

FFIEC Internet Banking Authentication Guidance: Bank Updates - V7

Glenbrook's Linda Elliott has been following the banking industry's efforts to comply with the FFIEC Internet Banking Guidance issued almost a year ago. We first posted her initial summary of bank strategies last September. Here's a link to her most recent update (version 7) with the latest on what the industry has been doing since then. Linda points out there are only about 30 business days left in the year for financial institution's to finalize their plans to comply.

Chase's blink Card: Blinking Along in Denver Update

Glenbrook's Linda Elliott provides part 2 of her report on the rollout of contactless payments in the Denver area.

Chase's blink Card: A Denver Field Test Report

Glenbrook's Linda Elliott, lives in the Denver area and just got her very own Chase blink card in the mail. She's just finished writing up part one of a report on her first day's experiences with that blink card in her hands. Great stuff - enjoy!