NFC World

Huami includes NFC for travelcards, payments and access control in $116 budget smartwatch

Huami announces launch of new Amazfit Verge smartwatch — Huami — “Digital wallet functionality in conjunction with UnionPay and Alipay, combined with integrated one-touch public transportation payment in over 160 cities in China, [helps] users capture the convenience of full digital transactions (through NFC and QR codes). The Verge can be also used as entrance access device utilising NFC technology.”













NFC World welcomes 120 new members from 43 countries

NFC World+ Knowledge Centre

120 new members from 43 countries joined The NFC World Knowledge Centre in May 2018, bringing our total membership to more than 10,500 executives, technical experts and decision makers at banks, card issuers, mobile network operators, merchants, brands, device makers, regulators and policy makers around the world... More


Researchers show how invisible backdoors can be hidden in chips during manufacture

Adding backdoors at the chip level — Schneier on Security — “In this paper we propose an extremely stealthy approach for implementing hardware Trojans below the gate level… we insert our hardware Trojans by changing the dopant polarity of existing transistors. Since the modified circuit appears legitimate on all wiring layers (including all metal and polysilicon), our family of Trojans is resistant to most detection techniques.”





US regulators simplify licensing process for fintechs

State regulators take first step to standardize licensing practices for Fintech payments — Conference of State Bank Supervisors — “Seven states have agreed to a multi-state compact that standardizes key elements of the licensing process for money services businesses (MSB). The agreement: If one state reviews key elements of state licensing for a money transmitter — IT, cybersecurity, business plan, background check, and compliance with the federal Bank Secrecy Act — then other participating states agree to accept the findings… Other states are expected to join this compact.”