Visa Australia said today it was moving to chip and PIN technology for all of its credit cards, with signature transactions to be banned by April 2013.
At Westpac's annual earnings announcement today, CEO Gail Kelly picked the bank's technology operation as its most notable 'low light' in a year that saw hundreds of IT staff, including the bank's tech titans, purged and replaced with new blood.
Australia's central bank has criticised the nation's four largest commercial banks for shirking on investments in payment systems technology, resulting in a lack of innovation and neglect of systems like EFTPOS.
Two cards containing microprocessors that generate one-time passwords are being touted to Australian banks as possible replacements for tokens and passwords delivered by SMS and one is already being trialled by Visa.
Credit card users will be given the option of entering a PIN as an alternative to signing their name to authenticate a transaction under a banking industry initiative scheduled to start today.
Does the improved credit card security offered by chip and PIN-embedded credit cards mean a future of greater personal liability?
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
Peter Cullen, the company's chief privacy strategist, explains how Sender ID can take a bite out of spam and phishing.
AMD and Intel both have dual-core CPUs out on the market, but which chip maker's technology is truly the best? To find the answer, we built two testbeds as nearly identical as we could and ran each chip through a battery of tests.
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