The “overwhelming majority” of financial institutions and retailers are currently investing or planning to invest in new payment technologies within the next 18 to 24 months, with online (86%) and mobile payment technologies (84%) topping the list, a survey by payments provider ACI and IT consultants Ovum has found... More
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives... More
Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards. More
Consumers could be able to authenticate themselves using brain wave and heart beat bio-signals from as soon as February 2018... More
PARTNER NEWS: Chip maker NXP has introduced a wireless microcontroller and accompanying smart home and smart lighting solutions that use NFC to make it easy for users to “connect systems intuitively with just one tap”... More
Windows 10 users will be able to use biometric technology to secure access to their devices, Microsoft has announced... More
Facebook users in the US will soon be able to make and receive secure mobile payments for free via the social network’s Messenger app... More
UK bank Halifax is investigating how Bionym’s Nymi Band, a device that uses the wearer’s unique cardiac rhythm to authenticate their identity, could be used to reduce the need for customers to remember their passwords... More
NXP Semiconductors has showcased a proof-of-concept connected car that makes use of long-range UHF RFID tags and NFC to help drivers of the future access and pay for restricted parking spaces, get warnings of traffic jams and allow groceries or parcels to be delivered directly into their car without them even being there to open the trunk... More
“Tokenization does a couple of things brilliantly; one is it really helps on facilitating innovation, facilitating the use, for example, of mobile phones for payments,” Visa Europe’s Sandra Alzetta told NFC World following the payment network’s announcement of plans to launch a customised tokenization platform to European banks in April... More
The number of victims of identity fraud in the US decreased 3% to 12.7 million in 2014 and total fraud losses declined to US$16 billion — a decrease of 11% from 2013 — a study from Javelin Strategy & Research has found... More
Samsung Pay, the tokenized mobile payment system introduced with the Samsung Galaxy S6, will first attempt to use NFC and then fall back to magnetic stripe emulation technology to offer widest compatibility with merchant terminals, MasterCard’s Matt Barr has told NFC World... More
Bulgaria’s First Investment Bank is joining forces with MeaWallet to provide the bank’s customers with a mobile payments service which uses cloud-based security and host card emulation (HCE) technology... More
“Smart bottles” that know when they have been opened and then deliver relevant, personalised messages directly to a consumer’s smartphone will be showcased by printed electronics specialist Thinfilm at Mobile World Congress 2015... More
About 59% of US point-of-sale (POS) terminals will be EMV-enabled by the end of this year, research by Aite Group has revealed, with NFC distribution projected to “ramp at the same rate as EMV distribution,” senior analyst Thad Peterson tells NFC World... More
NFC World’s ‘Understanding tokenization and host card emulation’ workshop is now available to view online... More
Windows 10 will support the next version of the Fast Identification Online (Fido) Alliance technical specifications, Microsoft has announced, allowing users to unlock their devices using biometric authentication instead of passwords... More
Visa is to expand its Visa Token Service to more regions, to a range of mobile devices and to online transactions made using its Visa Checkout service in 2015, the payments network has announced, “helping to prevent exposure of sensitive consumer account information in online and mobile payments.”... More
PARTNER NEWS: An mPOS module that provides developers with “a complete hardware and software reference demonstrator for secure near field communication enabled mobile point of sale solutions” has been developed by NXP in partnership with Creditcall and ViewAt Technology... More
Three quarters (76%) of the UK’s “Generation Z” consumers — aged between 16 and 24 — say they would feel comfortable making a payment using biometric security, a survey conducted by Opinion Matters for Visa Europe has revealed, and 69% believe it would make their lives faster and easier... More