Icici Bank lets customers withdraw cash with their mobile phones
Customers of India’s Icici Bank can now make a cash withdrawal at any of the bank’s 15,000 ATMs, using just their mobile phone... More
One time password (OTP)
E Sun Bank fits face recognition to ATMs
E Sun Commercial Bank has fitted face recognition security to its ATMs... More
India to add face recognition to Aadhaar biometric ID system
Now, face recognition to authenticate Aadhaar, but with biometrics or OTP — Times of India — “To be made available by July 1, the face authentication option will be allowed in combination with fingerprints, or iris scans, or an OTP to verify the details of Aadhaar users… Face authentication will not require any new reference data as photos of citizens are already on the Aadhaar database.”
French casino to give visitors and employees biometric cards for access and payments
Visitors and employees at the newly opened Pleinair Casino in Marseilles, France will soon be given a biometric smart card equipped with a fingerprint sensor that will enable them to gain access to privileged areas and make payments across the venue... More
Paytm expects up to 30% fall in offline customers
Indian mobile wallet Paytm “expects to lose 20-30%” of customers making offline payments using QR codes, OTP or mobile-to-mobile transfers when the Reserve Bank of India removes cash withdrawal limits on March 13, The Financial Express reports... More
India Reserve Bank drops two-factor authentication
The Reserve Bank of India has removed two-factor authentication — involving the use of one-time passwords sent to mobile phones — for online card transactions up to Rs 2,000 (US$29), Live Mint reports... More
Pakistan bank offers mobile ATM cash withdrawals
Customers of Pakistan’s Askari Bank can now withdraw cash from ATMs using their mobile phone... More
Gemalto to secure mobile payments in Japan with DNP
PARTNER NEWS: Digital security giant Gemalto is to supply its Ezio Mobile Suite to financial solutions provider Dai Nippon Printing (DNP) to help the company secure mobile payments, internet banking and related services in Japan... More
McDonald’s rolls out FreeCharge mobile payments to 216 Indian restaurants
McDonald’s customers across West & South India can now pay for their orders in-store using their mobile device... More
Ultracash launches sound-based mobile payment service in Bangalore
Bangalore-based Ultracash Technology Labs has launched a mobile payment service that lets consumers make payments at close to 500 merchants in the city using a high frequency sound-based technology... More
MasterCard to add biometric security to online transactions in 2016
MasterCard has unveiled MasterCard Identity Check, a suite of solutions that make use of biometrics and one-time passwords delivered via SMS to secure online mobile transactions... More
WHSmith India to accept MobiKwik mobile payments in 55 stores
More than 17m users of Indian mobile wallet service MobiKwik will be able to make in-store payments at 55 WHSmith India stationery and book stores, the first time the service has been available for payments in physical locations... More
Korea shifts to NFC authentication for mobile banking
Korean financial institutions are to offer streamlined NFC authentication for mobile banking transactions starting from as soon as the first half of 2015, according to local media reports... More
Payments security survey finds NFC and HCE are now top priorities
Seven in ten (71%) US IT operations, security, and electronic deployment professionals consider NFC to be essential or very important to their organization’s security, a survey by Ponemon Institute for HP Atalla has found, with host card emulation (HCE) following closely behind at 68%... More
MasterCard and Visa to create new security standard to replace passwords for online payments
MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range of biometric technologies... More
CBD launches bank branch in Facebook
Commercial Bank of Dubai (CBD) has launched a virtual bank branch for Facebook, letting its online banking customers check balances, pay credit card bills, transfer money between accounts and track expenses from within the social network... More
Kotak launches P2P payments for Facebook
Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list... More
Edgetech to offer acoustic mobile payments in Zimbabwe
Zimbabwe-based banking solutions provider Edgetech Solutions is preparing to launch a new mobile payment service that uses sound-based communication technology from NearBytes to let people make payments in stores with their phones... More
IBM launches two-factor authentication for NFC devices
Computer giant IBM has added a two factor authentication solution to its IBM Worklight mobile app platform, providing “an extra layer of security when using an NFC-enabled device and a contactless smart card to conduct mobile transactions.”... More
Google and NXP join Fido Alliance to develop secure authentication standards
Momentum is building for Fido, an open security authentication concept that aims to allow users to replace passwords with a range of authentication methods, including NFC and biometrics. Both Google and NXP have now signed up to the project, alongside founder members that include PayPal and Lenovo. More
Feed for stories about One time password (OTP).
