UK consumers applying to open an account with Lloyds Bank via the bank’s mobile app can now verify their identity and upload key personal data to support their application by scanning the NFC chip embedded in their passport with their smartphone... More
The digital euro should be distributed via apps, digital and physical cards and other form factors that enable consumers to make both NFC and QR code in-store payments with the proposed central bank digital currency (CBDC), according to a European Central Bank (ECB) report... More
Nine in ten businesses across the finance, technology, telecoms and aviation sectors worldwide (91%) plan to increase their spending on identity verification (IDV) technology in the next one to three years, with one in three intending to increase their IDV budget by 20% over that period, an international business survey has found... More
Passengers travelling on domestic flights operated by Aegean Airlines and its subsidiary Olympic Air in Greece can now verify their identity when boarding using government-issued digital ID credentials stored on their Apple or Android smartphone rather than a physical ID card or passport... More
Residents of Switzerland can now remotely verify their identity when opening an account with Swiss bank UBS by scanning the contactless chip embedded in their biometric passport with their NFC smartphone and confirming their identity with a selfie using face recognition technology... More
Jamaica is to pilot a central bank digital currency (CBDC) over the course of this year and begin rolling it out in 2022, the country’s minister of finance Nigel Clarke has revealed during a budget speech... More
Nearly two-thirds of consumers in Europe (63%) have abandoned a digital bank application in the past year, compared with 40% in 2019, according to new research... More
NFCW EXPO: Card issuers looking to quickly and easily provide their customers with the latest mobile and digital card solutions can now visit Antelop Solutions’ showcase in the NFCW Expo hall to learn about the France-based fintech’s white label SaaS solutions... More
Face-based payments offer the potential to improve customer convenience and increase checkout speeds in stores but require consumer education to be built into the user experience to alleviate security concerns, an in-depth study of services currently on offer in China has found... More
Customers of Singapore’s OCBC Bank can now make purchases via their mobile devices minutes rather than days after applying for a digital bank card... More
PARTNER NEWS: Antelop Solutions has launched an integrated onboarding, authentication and mobile payments platform for Android and iOS devices that lets both traditional and challenger banks combine “best-in-class” end-to-end security with a user friendly, PSD2-compliant, mobile-first consumer experience... More
Customers save at least 70% time using Innovatrics digital onboarding — Innovatrics — “Users are first tasked to take a photo of both sides of their identification card. Afterwards, they are prompted to take a selfie to verify that the image is actually the same as the picture on the submitted ID. A ‘liveness test’ is performed for added security wherein the client has to follow with his or her eyes a randomly moving dot appearing on the mobile screen.”
Spanish bank BBVA has launched its open banking program by making eight of its APIs commercially available for the first time, meaning that third-party companies including startups and developers will be able to build new products and services by accessing and integrating customers’ banking data into their applications. More
PARTNER NEWS: Mahindra Comviva is making it possible for mobile money operators to increase user engagement with the addition of a new service that enables relevant offers and promotions to be delivered automatically to users’ mobile devices... More
PARTNER NEWS: Digital security giant Gemalto is working alongside European payment and transactional services provider Wordline to enable the “seamless onboarding” of banks and card issuers to mobile payment wallets provided by device manufacturers... More
PARTNER NEWS: Digital security giant Gemalto and payment processor Prosa have partnered to bring host card emulation (HCE) based mobile payments to Mexico... More
NFC World partners Bell ID, SimplyTapp, Carta Worldwide, Mahindra Comviva, Kona and Gemalto will be exhibiting at the Money2020 expo in Las Vegas from October 25-28... More
PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning process... More