The Commonwealth Bank is taking extra steps to protect its datacentres, by expanding its use of a biometric access control system called Cornerstone to datacentres through NSW and Victoria.
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.
MasterCard Worldwide is joining with the Commonwealth Bank -- and playing on Australians' love of their mobile phones -- to launch its PayPass cashless payment system down under.
SMS-delivered two-factor authentication will be dead in three years, according to National Australia Bank's general manager of technology, risk and security, Gary Blair.
MasterCard has announced the first trial of its radio frequency identification (RFID) credit card technology in Australia, which allows card-holders to make small payments without supplying a signature or personal identification number for verification.
Banks obviously have an interest in making consumers feel safe. They are there to protect the customers' money. They want customers to use their online services, too, because the channel offers a lower cost per transaction than a branch. But giving away free security software to make customers feel safe is probably doing more harm than good.
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.
Who predicted the death of the password -- and spam? Why is PKI not ubiquitous? Who makes these daft predictions anyway? ZDNet.com.au looks at how the security market was supposed to shape up, according to so-called "experts".
A few years ago, the uptake of biometric technology was considered a sure thing. But fast forward to present day and ZDNet Australia can reveal that companies are reluctant to use biometrics due to their negative stigma.
As it becomes more popular to have applications hosted by an external service provider, what implications does this have for integrating those applications with your other systems? ZDNet Australia investigates.
What's holding back smart cards from widespread use in Australia? Could it be that vendors haven't found the applications consumers really want?
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