PARTNER NEWS: The electronic passport could soon become a “virtual mobile identity” that will allow owners to interact with and authenticate applications, as well as send credentials to other electronic devices using NFC smartphones and wearables, according to NXP... More
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
Indian bank customers to open accounts with eye scans
Customers of DCB Bank in India will be able to carry out transactions such as opening a bank account by having their eyes scanned and verified against the country’s Aadhaar biometric ID database... More
Galaxy S8 to get iris scanner for payments authentication?
Samsung’s upcoming flagship smartphone will come with an iris scanner to allow owners to unlock their devices and authenticate purchases with their eyes, according to The Guardian... More
Facebook strengthens security with Fido-compliant authentication
Social media giant Facebook has added the Fido Alliance’s Universal Second Factor (U2F) specification to its platform to strengthen its range of two-factor authentication methods which have previously been offered through an SMS service or by a code generation feature inside the Facebook mobile app. More
Ant Financial to buy MoneyGram for US$880m
Alipay parent company Ant Financial has entered into a “definitive agreement” to acquire money transfer services provider MoneyGram for about US$880m... More
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BMO Harris Bank adds P2P mobile payments
Customers of BMO Harris Bank in the US can now send and receive money through People Pay, a mobile P2P payments service added to its mobile banking app... More
Apple Watch strap to get customisable links?
A newly published patent reveals Apple could be working on a strap design for the Apple Watch that will let wearers add extra functions to their device through modular links that connect together... More
Apple Pay records 50% growth in 2016, as mobile apps and websites prove most popular
The number of monthly US Apple Pay credit card transactions conducted in-app, online and at the in-store point of sale grew by 50% between December 2015 and December 2016, research released by consumer spending analytics portal TXN reveals, with mobile apps and websites attracting the highest proportion of transactions. More
Scottish commuters to pilot HCE ticketing across subway system
PARTNER NEWS: Commuters across western Scotland are to begin testing a host card emulation (HCE) based ticketing service in the second quarter of 2017, that will enable them to securely load a virtual smart card to their mobile phone and pay for journeys across the Glasgow Subway with a tap of their NFC device. More
Australian government pushes for biometrics to replace passports at airports
International travellers arriving at Australian airports may soon be able to pass through immigration and customs using biometric recognition without having to show their passports... More
Samsung Pass roll out takes biometrics to the web
Consumers with Samsung Galaxy S7 and Galaxy S7 Edge devices can now log into select websites and mobile apps using their fingerprint and Samsung Pass, the biometric authentication service unveiled by Samsung in August 2016... More
Google brings HCE payments to Android Wear 2.0
Google is adding support for host card emulation (HCE) based NFC payments to smartwatches in Android Wear 2.0, the new version of its operating system for smartwatches which is scheduled to be released in early February 2017. More
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Target to launch mobile payment service this year
US retail giant Target is to introduce its own mobile payment service to “one or more of its own apps” later this year, the company’s Michael McNamara has told Recode... More
Pakistan to add payments to National IDs
Mastercard is to work with the Government of Pakistan’s National Database and Registration Authority (NADRA) to introduce a system that will enable Pakistani citizens to use their identity cards to conduct financial transactions... More
CPI Card Group and Proxama to offer innovative mobile and EMV payments services in North America
PARTNER NEWS: Payments solutions provider CPI Card Group has chosen to use technology supplied by digital payments solution provider Proxama to deliver “innovative financial and payments products” to its North American customer base, including mobile and EMV-related services. More
Austrians to open bank accounts from home using online video ID service
Customers of Austria’s Erste Bank und Sparkassen can now open a current or student account using video-based online identification through either a mobile device or desktop computer, saving the “time and effort involved in visiting a branch office”, the bank says. More
Ant Financial eyes up blockchain for Alipay
Alibaba’s payment affiliate Ant Financial is “definitely” looking into using blockchain to underpin its mobile payments platform Alipay, CEO Eric Jing has told CNBC, adding that artificial intelligence and blockchain will be “deeply” integrated into Ant Financial’s operations... More
Free Galaxy S7 offer for Samsung Pay’s UAE launch
Free Samsung Galaxy S7 smartphones preloaded with Samsung Pay are being offered to new credit card customers of Mashreq Bank in the UAE, as the mobile payments service launches there through an early access programme with the bank... More
Chinese third-party payment providers face client cash regulation
The People’s Bank of China (PBOC) is to ban third-party payment providers, such as Alibaba-owned Alipay, from using their clients’ money, China Daily reports... More
Tesco rolls out mobile payments service across UK
Tesco has made its PayQwiq mobile payments service available in all of its stores across the UK following “positive feedback” from customers during the initial roll out to 524 stores in April 2016... More