Facial recognition on the iPhone 8 will work better than any Android phone — BGR — “Apple’s facial recognition software will incorporate technology from Realface, an Israeli machine learning company with advanced facial recognition software that Apple acquired earlier this year… Realface boasted that the success rate of its facial recognition technology stands at 99.67%.”
Archive for September 2017
MediaTek to offer OEMs ‘complete mobile payment platform’ that uses STMicroelectronics NFC technology
PARTNER NEWS: Mobile chipset giant MediaTek has integrated STMicroelectronics’ NFC technology into its mobile platforms, creating “a complete solution for handset developers to design next-generation smartphones capable of supporting tightly integrated NFC mobile services”... More
GlobalPlatform publishes on-device NFC service management specification
GlobalPlatform publishes on-device NFC service management specification — GlobalPlatform — “GlobalPlatform Managing Entity Specification has been published, completing a ‘stack’ of complementary software standards from ETSI and the NFC Forum that ensures multiple mobile contactless services successfully coexist within a device and will operate as intended, regardless of the hosting environment selected by the service provider.”
ANZ first Australian bank to roll out voice ID for mobile banking
ANZ first Australian bank to roll out voice ID for mobile banking — ANZ — “This is a significant security update that will make it easier for our customers to complete high-value transactions on their smartphones… Customers can now make ‘Pay Anyone’ payments of more than A$1,000 on their mobile without needing to log into internet banking, or remember additional passwords or pins.”
Bitcoin debit cards halt service to non-European residents due to Visa’s new rules
Bitcoin debit cards halt service to non-European residents due to Visa’s new rules — Bitcoin.com — “Four bitcoin Visa debit cards are suspending service to non-European residents due to Visa’s new licensing restrictions. BTCC and Bitwala have joined Xapo and Shakepay to stop debit card service to users who reside outside of the Visa European payment network… The new Visa rules went into effect on August 21.”
Cashless society still far away for most European markets
Cashless society still far away for most European markets — GlobalData — “The closest market to the cashless ideal is Norway, where cash accounted for only 7% of all transactions in 2016 (down from 11% in 2011). The Scandinavian markets generally are the least reliant on cash in the region, with cash accounting for 18% of all transactions in Sweden in 2016, and 26% in Denmark… The most cash-dependent market in Europe is Italy, where cash accounted for 82% of all transactions in the market in 2016 (down from 88% in 2011).”
Police chief says safer to keep contactless cap at £30
Police chief says safer to keep contactless cap at £30 — Evening Standard — “A poll last month found that more than half of retailers wanted the contactless limit increased… About 2.7p (US$0.04) in every £100 (US$129.70) that was spent was lost to contactless fraud last year.”
Emerging markets top mobile payments awareness index
More than half of consumers around the world (52%) now say they know which types of mobile payment services are available to them today, but the percentage varies widely between individual countries and across different regions and consumers in emerging markets are significantly more aware of their options than those in the developed world... More
Barclaycard marks the 10th anniversary of introducing contactless payments to the UK
Barclaycard marks the 10th anniversary of introducing contactless payments to the UK — Barclaycard — “Ten years on, over £60bn (US$77.67bn) has been spent using contactless and more than half of eligible transactions up to the £30 (US$38.83) limit are now made using the technology… Nine in 10 eligible transactions in fast food outlets (91%) and pubs and bars (89%) are now made using contactless.”
The contactless revolution ten years on: Two-thirds of Brits now tap to pay
The contactless revolution ten years on: Two-thirds of Brits now tap to pay — Visa — “Two-thirds (66%) of Brits have used contactless cards to make a payment since they were introduced in September 2007… Just over a quarter (26%) of the country has used a mobile device to pay contactlessly in a shop, rising to 36% among contactless card users.”
Ant Financial plans Alipay feature to connect merchants and customers
Ant Financial plans Alipay feature to connect merchants and customers — China Daily — “The ‘Life Account’, embedded in the Alipay app, allows its 520 million users to search nearby merchants, receive discount coupons, make appointments and conduct payments… It also helps business and social entities tap into their key clients by identifying their location and consumption preferences.”
Deutsche Telekom to deploy smart parking and payments across the German city of Bonn
Mobile network operator Deutsche Telekom has signed a deal with the city of Bonn to install a network of sensors that will alert drivers to available parking spots and enable them to pay for their space using their mobile phone... More
eMarketer releases latest estimates for US proximity mobile payments
eMarketer releases latest estimates for US proximity mobile payments — eMarketer — “eMarketer estimates the value of US proximity mobile payment transactions will total US$49.29 billion in 2017, up 78.1% from last year… The average annual spend per proximity mobile payment user in the US will reach US$1,026 in 2017, surpassing US$1,000 for the first time. That figure will continue to grow through 2021, when it will reach US$2,646.”
Meet the car key that’s also a contactless payment card
Meet the car key that’s also a contactless payment card — Techradar — “DS Automobiles has just launched the UK’s first contactless payment car key. Made for the DS 3 Connected Chic, the key works with Barclays’ bPay platform, allowing you to ‘top up’ the clever key with credit that can be spent at any shop that offers contactless payments.”
Huawei files for Huawei Pay trademark in Europe
Huawei files for Huawei Pay trademark in Europe — Android Headlines — “Huawei has filed for a Huawei Pay trademark in Europe which means it could be bringing its digital payment system to countries within the region at some point in the future. So far Huawei Pay has only been available in China as the company’s mobile payment solution.”
Alipay launches ‘Smile to Pay’ for commercial use in China
Alipay launches ‘Smile to Pay’ for commercial use in China — Alizila — “Smile to Pay, the first service of its type, debuted at a KFC’s new, healthy-food concept restaurant, called KPRO, in Hangzhou. With it, Alipay users can authenticate their payments through a combination of facial scanning and inputting their mobile phone numbers. That means they won’t need to break out their wallets — or even smartphones — anymore.”
Apple Pay Cash coming to Europe
Apple Pay Cash coming to Europe — LetsGoDigital — “Apple has filed a trademark application at the European Intellectual Property Office for Apple Pay Cash. The application is still under examination, but reveals Apple is planning to bring its advanced mobile payment service to Europe.”
Garmin enters the payments market with Vivoactive smartwatch
Garmin has unveiled a GPS-enabled smartwatch that includes an NFC contactless payments service called Garmin Pay which supports cards from both Visa and Mastercard and enables the wearer to “make secure payments from the watch, no phone or wallet required.”... More