Mastercard and du partner to usher in a new era of payments experiences and security across the Middle East and Africa — Mastercard — “NuDetect uses machine learning to analyse ‘passive biometrics’ like how a person types, holds their phone, moves their mouse or where they use their phone, to anticipate and prevent fraudulent card-not-present transactions, which includes ecommerce payments. The process to verify the user occurs without introducing any friction or interruption in the transaction.”
Archive for March 2019
Survey: US consumers want one app for banking and payments
Two-thirds of consumers favour single mobile app for banking and payments over cash and physical cards — Entersekt — “More than two-thirds (68%) of regular banking app users in the US would ‘like to do all banking and payments via one single mobile app’. A similar majority (67%) claim they would be less likely to use cash or physical credit cards if they had such an app. The lure of an all-in-one combination app is stronger among younger adults (18 to 44 years) who regularly used banking apps: just over three-quarters (76%) want one, compared with only 50% of those aged 55 and over.”
Brazil, Russia, India, China and South Africa to launch Brics Pay mobile payment service
Five-currency basket: Brics countries create a single payment service — Izvestia (translation) — “One of the likely scenarios for the project is the creation of a special online wallet that will unite the payment systems of all the Brics countries… The common wallet will work in the same way as existing payment services, such as Apple Pay or Samsung Pay. To this end, a separate cloud platform will be created that will connect the national payment systems of the five countries.”
Chinese mobile payment adoption grows 10.7% to 583m users
China’s mobile payment users reach 583 million in 2018 — Xinhua — “About 583m people used mobile payment in China in 2018, up 10.7% compared with 2017, according to a report from the China Internet Network Information Center (CNNIC)… About 67.2% of China’s internet users used mobile payments offline, up from 65.2% in 2017.”
Beatie Wolff releases music album in NFC card deck format
Beatie Wolfe’s ‘intelligent’ Raw Space album features songs embedded in business cards — Dezeen — “Musician Beatie Wolfe has collaborated with eight graphic designers to create an album of cards that listeners tap against a smartphone to play… Scanning one of the business card-sized boards using a NFC reader app reveals an individual page for the track, which is complete with lyrics, the music video, photos, song notes and information about the card itself.”
Visa’s SAM makes metro turnstiles contactless
Visa and payments hardware specialist Planeta Informatica have come up with an easy way to add contactless payments at public transit turnstiles... More