Consumers in Turkey wanting to open a bank account remotely will be able to do so via a video-based digital onboarding system that requires them to verify their identity using an NFC-enabled ID document, according to a new regulation issued by the country’s Banking Regulation and Supervision Agency (BRSA)... More
The Scottish Government is to pilot a national digital identity system that enables citizens to store their identity information in their own ‘Attribute Store’ and then “share these attributes with other public sector service providers as and when needed”... More
Google Pay has begun testing tokenized NFC-based credit and debit card payments in India, enabling users of supported cards to add them to their payment options for NFC, QR and online payments... More
NatWest is working on the development of a behavioural biometrics solution for Strong Customer Authentication (SCA) that could be used as a replacement for banking passwords, the UK bank has announced... More
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
E Sun Commercial Bank has fitted face recognition security to its ATMs... More
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.”
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
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
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
Customers of Pakistan’s Askari Bank can now withdraw cash from ATMs using their mobile phone... More
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 customers across West & South India can now pay for their orders in-store using their mobile device... More
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 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
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
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
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 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
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
