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.
National Australia Bank is overhauling its network of 1600 ATMs to run on Windows XP and Internet protocol networks.
Australia's AU$90 million per annum credit card fraud bill is too small to force the rollout of chip and PIN card reading technology, says the chief executive of the Australian Payments Clearing Association.
Researchers from Cambridge University have succeeded in capturing both PIN numbers and card details from supposedly tamper-proof PIN terminals using a paperclip, a needle and some wire.
Security researchers from Cambridge University have discovered a way to attack chip and PIN cards -- and warn only Martian cardholders are safe from the exploit.
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.
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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