Three in four airline passengers worldwide want to use biometric data to verify their identity when they travel rather than their passport and boarding pass (75%) in order to simplify, speed up and facilitate airport processes such as check-in, security and border control, an International Air Transport Association (IATA) survey has found... More
The Hong Kong Monetary Authority (HKMA) has unveiled a prototype two-tier central bank digital currency (CBDC) ecosystem that will enable end users to store digital HK dollars as either intermediated CBDC tokens or CBDC-backed stablecoins in a digital wallet and use them to carry out retail transactions... More
Residents of South Korea will soon be able to store a digital ID in an app on their mobile phone and use it to verify their identity across a wide range of use cases including accessing government services, healthcare, finance and transport... More
Consumers hiring bicycles from micromobility provider Swapfiets are the first to be able to sign up for a new service from Dutch bank ABN Amro that enables them to use a single app to create a digital ID and then use it both to sign up and to pay for third-party services... More
The European Parliament has adopted the Digital Markets Act (DMA) that will obligate Apple, Google and other “gatekeeper” technology companies to allow app developers and third-party service providers access to device functionalities “such as near-field communication technology, secure elements and processors, authentication mechanisms and the software used to operate those technologies”... More
EMVCo has released a draft specification for the contactless kernels used in payment acceptance devices to process contactless transactions and has made it available for public review... More
The European Commission has sent an official statement of objections to Apple laying out the reasons why it believes the company has “abused its dominant position in markets for mobile wallets on iOS devices” and is restricting competition by limiting third-party access to its NFC chip technology... More
The European Commission is expected to file antitrust charges against Apple over the company’s limitation of access to its NFC chip technology and mobile payment system next week, “four people with direct knowledge of the matter” have told the Financial Times... More
The European Commission has launched a targeted consultation on the expected impact of a digital euro on key industries, institutions, consumers, merchants and other stakeholders in international trade... More
Negotiators from the European Parliament and the European Council have provisionally agreed the text of a Digital Markets Act (DMA) that will obligate “gatekeeper” technology companies such as Apple and Google to “allow app developers fair access to the supplementary functionalities of smartphones (eg NFC chip)”... More
The UK government is to set up an Office for Digital Identities and Attributes (ODIA) and introduce legislation establishing an accreditation process for organisations handling identity data and making digital IDs “as trusted and secure as official documents such as passports and driving licences”... More
Customers at a supermarket in the German city of Cologne owned by retail giant Rewe will soon be able to enter the store by scanning a QR code, selecting the items they wish to buy and paying for them from their mobile phone without needing to scan their purchases or use a checkout... More
The UK government has published a trust framework policy paper that lays out draft rules for how service providers, businesses and other organisations will be able to implement the use of digital identities... More
The percentage of merchants in the USA that now accept contactless payments has risen to 58% from 40% last year, while those accepting mobile payments from digital wallets has gone up to 56% from last year’s 44%, according to research released by the National Retail Federation (NRF)... More
The Payment & Clearing Association of China (PCAC) has published a set of guidelines that regulate how payments providers making use of face recognition to process payments at the point of sale (POS) should manage the protection of consumer data... More
The number of consumers using open banking has doubled in the past six months to more than one million, the UK’s Open Banking Implementation Entity (OBIE) reports, and there are now a total of 204 regulated service providers — up from 100 at the end of 2018... More
Two new resolutions passed by the International Air Transport Association (IATA) will see global adoption of RFID for airport baggage tracking and a move from passengers using paper documents to a single biometric ID they can use to prove their identity at any airport anywhere in the world... More
Swiss luxury watchmaker Vacheron Constantin is to use blockchain technology and QR codes to create forgery-proof digital certificates of authenticity for its watches which can be easily transferred to new owners... More
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One in five organizations has experienced payments data theft over the past 12 months — ACI Worldwide — “36% of organizations believe they are at a greater risk of data breach than a year ago. 44% agreed with the view that: My company would not invest in fraud solutions that add friction to the customer experience.”