Fintech firm Fiserv has collaborated with Gesa Credit Union in the US to introduce palm-vein biometric authentication into Fiserv’s DNA account processing platform — the first palm-vein authentication solution implemented by a US financial institution... More
Archive for November 2016
Global NFC market to reach US$47.43bn
The global NFC market is expected to reach US$47.43bn by 2024, according to a new report by Grand View Research... More
Apple’s NFC restriction hits mobile payments innovation, Australian banks claim
The group of Australian banks taking on Apple over access to the NFC technology within iPhone handsets says the restriction is not only preventing the introduction of mobile wallet services across multiple platforms but also proving detrimental to continued investment into mobile payment apps... More
R3 develops KYC registry using blockchain
Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners... More
Visa and BioConnect work to enable multiple biometrics on mobile apps
Visa is working with biometric identity platform provider BioConnect to enable multiple methods of biometric authentication through a single mobile app... More
Montreal to get NFC transport payments
Some 100 employees of Montreal’s public transit network STM are beta-testing a service that will enable commuters on the Metro to pay using their NFC smartphones... More
French store uses augmented reality for Christmas shoppers
French department store Galeries Lafayette is using augmented reality to offer Christmas shoppers a virtual Arctic experience telling the story of climate change... More
Fashion brand adds NFC and blockchain for authentic personal clothing
Fashion brand Babyghost has partnered with Chinese blockchain-as-a-service company BitSE and its VeChain project to deliver a range of clothes incorporating NFC tags and verified using blockchain technology... More
Indian bank unveils AI-powered robot helper
India’s first artificial intelligence banking robot has made its debut in a branch of City Union Bank in Chennai, The Times of India reports... More
Banks ‘must consider human weakness’ to improve mobile banking security, report says
Banks must consider the weakness of their own consumers’ behaviours and avoid being distracted by technical vulnerabilities when it comes to improving the security of mobile banking and payments systems, a report by Mobey Forum says... More
NFC World webinar to share real-world lessons from HCE mobile payments pilot
NFC World will host a free webinar on Thursday 8 December to provide insight into the lessons learned from a real-world implementation of a host card emulation (HCE) mobile payments service that makes use of Visa and Mastercard’s cloud-based payment standards... More
Airport launches Android app to deliver offers via iBeacon
Hamad International Airport (HIA) in Qatar has launched an Android version of its mobile app, which uses iBeacon technology to deliver passengers information about special offers at retail outlets, as well as real-time details on flights, baggage claim and location-based services... More
Microsoft in blockchain trial for travel booking website
Australian travel booking website Webjet has teamed up with Microsoft to develop a blockchain proof-of-concept solution for online booking services... More
Citi launches global API Developer Hub
Citi has launched a global API Developer Hub to give developers access to APIs across eight usage categories including account management, peer-to-peer payments, money transfer to institutions, Citi rewards, investment purchases and account authorisation... More
Banca Intesa launches HCE mobile payments in Serbia
Customers of Serbia’s Banca Intesa — a subsidiary of Italian banking group Intesa Sanpaolo — have become the first in the Balkan country to be able to make host card emulation (HCE) based mobile payments, using their Visa debit cards at any contactless terminal... More
Students develop SMS biometric authentication app
Four students from India’s Birla Institute of Technology and Science have developed an SMS-based biometric authentication system for use in rural areas with poor internet connection... More
China’s mobile commerce lead over US revealed in IAB report
China is leading the US when it comes to mobile commerce, with nearly twice as many Chinese consumers making a mobile purchase over the previous 12 months than their American counterparts, a study by the Interactive Advertising Bureau (IAB) says... More
Fake glasses fool face recognition
A team of researchers from Carnegie Mellon University has fooled face recognition algorithms using a pair of fake glasses, New Scientist reports... More
Apple Pay ranks fifth in online payments survey
Apple Pay now has a 0.25% share of payments on the top 10,000 websites, analytics firm SimilarTech reveals, ranking in fifth place behind PayPal with a 2.36% lead, followed by the PayPal Subscribe Button (0.98%), Stripe (0.35%) and Braintree (0.32%)... More
Bank al Etihad takes bill payments to ATMs
Customers of Jordan-based Bank al Etihad can now pay bills and top up their airtime at the bank’s ATMs... More