All articles tagged with #payment security
The New York Attorney General sued Zelle's parent company, Early Warning Services, alleging that the payment platform failed to implement adequate security measures, allowing over $1 billion in fraud, and failed to act on known issues despite warnings from banks and regulators. Zelle disputes the claims, asserting most transactions are scam-free, while the lawsuit seeks restitution for victims and mandates improved security protocols.
Google Play Store has replaced the '1-tap buy' button with a 'Slide to buy' gesture to enhance purchase security and prevent accidental transactions, now requiring users to slide a handle to confirm payments across all instances, including Google TV.
Google Wallet is reportedly testing a new feature that requires users to re-authenticate for tap-to-pay transactions, even for small amounts, within a few minutes of unlocking their device. This change is observed on the Pixel 8, prompting users to verify their identity three minutes after unlocking via fingerprint. The prompt did not appear on other Pixel phones, indicating that Google may still be testing or gradually rolling out this behavior. This move aligns Google Wallet closer to Apple Pay's authentication process for every tap-to-pay transaction.