Consumers in Japan setting up an account with mobile payments service provider PayPay can now verify their identity by scanning the NFC chip in their driving licence and uploading a selfie... More
China has issued an update to the pilot version of its digital yuan wallet app for Apple users that is “adapted to the iOS 15.4 system changes” released this week, and has uncovered an attempt to use the central bank digital currency (CBDC) in a fraud and money laundering case, according to local media reports... More
The Institute of Electrical and Electronics Engineers (IEEE) has updated its IEEE 1616 standard for motor vehicle event data recorders (MVEDRs) to incorporate an NFC protocol safeguarding access to information held on such a device... More
The state government of New South Wales in Australia is to expand its digital ID system and enable citizens to store, display and renew a wider range of identity documents and other personal credentials including digital versions of their birth certificate, educational qualifications, seniors card and vocational licences in a digital wallet on their mobile device... More
Customers of Australia’s Westpac bank with an Android smartphone will soon be able to make payments using a digital card secured by a dynamic card verification code (CVC) that changes every 24 hours... More
Apple Card holders can now opt to secure their card with a rotating three-digit security code that changes periodically by enabling an advanced fraud protection feature integrated in the iOS 15 update on their iPhone or iPad... More
Customers of DBS Bank in Singapore can now lock or unlock their debit or credit cards, enable or disable certain types of transaction — including contactless and mobile payments — and set a monthly spending limit for their card accounts from their digital banking app in real time... More
A research paper published by the University of Exeter in the UK identifies the lack of global standards as one of the key barriers to the successful implementation of digital and paper-based Covid-19 health status certificates worldwide... More
Eesti Pank, the central bank of Estonia, has tested a blockchain-powered technical solution for the use of a digital euro central bank digital currency (CBDC) that it says is capable of handling more than 300,000 simultaneous payments a second and enables payees to receive a payment in less than two seconds... More
American Express cardholders can now receive detailed digital receipts for their card transactions to identify and check their purchases from larger retailers via the company’s app or website... More