The way we pay is changing. Consumers are now using their PC, smartphones, wearable devices and even cars to buy goods and services. The size and value of the card-not-present (CNP) market, therefore, is increasing exponentially as payment use-cases across e-commerce, m-commerce and the Internet of Things (IoT) emerge and mature.
Card-on-file is fundamental to the digital commerce ecosystem, as it facilitates the delivery of payment methods such as one-click ordering and recurring payments. As merchants and PSPs move towards implementing card-on-file EMV payment tokenization, solutions that simplify integration and ongoing maintenance, while adding additional value, can deliver considerable competitive advantages. Token Gateways are gaining momentum in response to this, but why does the investment make sense for e-commerce retailers?
As technology evolves, it shapes the world around it. This is evident in public transportation where smartphones represent the next evolution for ticketing. A recent Juniper Research report notes that mobile and wearable ticket purchases are projected to exceed 14 billion in 2018. This accounts for 54% of total digital ticket sales across transport and events sectors. Embracing mobile ticketing is beneficial for both operators and customers. A combination of cost reductions on card and paper issuance for operators and added convenience for passengers makes mobile ticketing an enticing solution for both.
Satellites today contain highly complex embedded microelectronics systems complete with processing, data storage, and data receiving/transmitting capabilities. Further, they are controlled by ground stations, computers in data centers. They are therefore susceptible to threats prevalent in cloud computing architectures including insider threats, malicious downloads, etc. As such, satellite security must include access control to grant access to system resources only to authorized users, authentication
to verify the identity of a user or device, Availability to assure that a system will be usable when it needs to be, confidentiality to ensure that data is disclosed only to authorized systems or users, data integrity to ensure that data transmitted from a source is not modified, altered, or destroyed, and accountability to ensure that the system actions are logged with the identity of the entity initiating the action and the data and time the action occurred. Rambus security products, deployed in satellites and ground based equipment, are well suited to solve key security problems in each of these required areas of security functionality.
In this Frost & Sullivan analysis, the report describes key requirements in the Internet of Things (IoT) security market and presents details of how Rambus addresses these needs through effective, economical and easy-to-deploy IoT security solutions.
In today’s digital, on-demand world, we have instant access to information, products and services. Digitization and digitalization has driven this change, and we are now accustomed to almost instant payments via cards, web services and apps. The development of instantaneous payments between bank accounts is therefore a natural evolution.