What's New in Payments

Japanese banks gear up to test digital currency

Japan Digital Currency Forum diagram showing aspects of the planned digital currency

A consortium of more than 70 leading banks, financial services providers and other businesses in Japan is to conduct a series of proof of concept (PoC) trials of a digital currency supported by commercial banks across a range of specific use cases with the aim of rolling the currency out by the end of the 2022 fiscal year... More













What's New in Payments

Worldpay shows how delivery drones could make use of contactless payments

Drone delivery ready to take off in the UK — Worldpay — “Worldpay’s Drone Pay proof-of-concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person at the right address. This technology is embedded into a drone landing pad, which is issued to the customer in the form of a doormat. When the drone lands to drop off the package, the card details stored within the doormat are read automatically. If the information matches that of the correct recipient, the parcel is released.”


What's New in Payments

Japanese bank to combine fingerprint and vein verification for cardless transactions at ATMs and teller windows

Mofiria provides Aeon Bank with new hybrid biometric device — Mofiria — “Aeon Bank Ltd, a Japanese new style bank, has announced that they have introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number… Aeon Bank has introduced this system to five branches for the proof of concept and they have a plan to introduce it to all branches by October 2018.”


Digital Identity Today

Cybersecurity firm demos mask that can unlock an iPhone X

This $150 mask beat Face ID on the iPhone X — The Verge — “Vietnamese cybersecurity firm Bkav claims it’s been able to bypass the iPhone X’s Face ID feature using a mask… The firm does stress that the product is just a proof of concept at the moment and more research is needed… ‘Exploitation is difficult for normal users, but simple for professional ones,’ Bkav said.”



Digital Identity Today

Govt eyes private sector access to national facial recognition service

Govt eyes private sector access to national facial recognition service — Computerworld Australia — “Within the Attorney-General’s Department there’s a view that private sector access to the government’s national facial recognition system would represent a ‘natural progression’ of its development. Andrew Rice, AGD assistant secretary, Cyber and Identity Security Branch, today said that there would be proof of concept opportunities for private sector access to the system in FY17-18.”