KISA to unveil bio authentication for mobile banking in 2018 — Korea Herald — “Korea Internet & Security Agency is developing bio authentication for mobile banking to commercialize it by late 2018… The biometric authentication reads heart rates and electrocardiograms on a user’s smartwatch, which sends the information to his or her smartphone. The smartphone is then unlocked with the user’s fingerprint which enables the use of mobile banking.”
Links
Ant Financial extends online credit service to retailers
Ant Financial extends online credit service to retailers — China Daily — “Ant Financial Services Group, the online finance firm backed by billionaire Jack Ma, will extend its online consumer credit service to four million retail businesses across the country to boost sales and encourage spending－as China’s consumers increasingly feel more comfortable shopping with borrowed money.”
Citadele launches contactless mobile payments in Latvia
Citadele launches contactless mobile payments in Latvia — Citadele Bank — “Citadele’s mobile payment service is currently operable in a beta testing programme, where it is being used by Citadele employees and select client groups… Initially, mobile phone payments will be available on the Android operating system… Citadele will soon offer alternative mobile payment solutions for users of other mobile operating systems: bracelets and stickers with near field communication technology.”
International standard completed for high rate close proximity wireless communications exceeding 10 Gbps data rate
International standard completed for high rate close proximity wireless communications exceeding 10 Gbps data rate — TransferJet Consortium — “This new standard maintains the intuitive ease-of-use and can instantly transfer any type of data including large 4K definition and VR (virtual reality) video files… The required connection setup time has been reduced to 2 msec or less, allowing new usage scenarios such as the delivery of content while walking through ticketing gates.”
Chinese mobile payments up in Q1
Chinese mobile payments up in Q1 — China Daily — “Chinese commercial banks dealt with 9.3 billion payments from mobile banking services in Q1, up 65.7% from a year ago, the People’s Bank of China, the central bank, said in a report… Combined value of mobile payments rose 16.4% to 60.65 trillion yuan ($9 trillion).”
World’s first car made from bio composites makes global debut
World’s first car made from bio composites makes global debut — Plastics Today — “To complement Lina’s sustainability, she is equipped with several high-tech features. For example, near field communication (NFC) technology implemented in her doors is used to detect and recognize different users, making the vehicle highly suited for car-sharing platforms.”
Carrefour Banque offers instant activation of new C-zam account with Gemalto Digital PIN
Carrefour Banque offers instant activation of new C-zam account with Gemalto Digital PIN — Gemalto — PARTNER NEWS — “‘C-zam offers Carrefour customers the opportunity to buy in store a bank account and a banking card that can be activated on line,’ said Frédéric Mazurier, CEO of Market Pay. ‘With the support of Gemalto, we are innovating to evolve the French banking market by offering a new service in terms of accessibility, availability and usability.'”
Oxford Bus Company and Thames Travel passengers can now ‘wave and pay’
Oxford Bus Company and Thames Travel passengers can now ‘wave and pay’ — Oxford Times — “This would do more than ‘just replace the existing cash ticket’, managing director Phil Southall said… ‘We’re really proud to be able to offer the ability for customers to pay for their tickets using Visa, Mastercard, Apple Pay and Android Pay on all of our services from today. We have ambitious plans over the coming months.'”
Visa expands global network of providers to drive acceleration into IoT payments
Visa expands global network of providers to drive acceleration into IoT payments — Visa — “Visa announced it has signed 13 new partners to participate in its token service provider (TSP) program… The newest Visa partners share a desire to advance digital and device-based payments, and represent all major regions of the globe.”
Bango enables new payment option for Amazon customers in Japan
Bango enables new payment option for Amazon customers in Japan — Bango — “Amazon customers with a KDDI (au) or NTT Docomo mobile phone account can now pay for physical goods from Amazon.co.jp, by charging the cost to their mobile phone bill… A KDDI or NTT Docomo subscriber simply adds carrier billing as a payment option in their Amazon.co.jp account and then purchases can be made from any device.”
Electronic money transactions are back to pre-demonetization levels
Electronic money transactions are back to pre-demonetization levels — Livemint — “To hasten India’s shift towards a cashless economy, the government has been aggressively pushing digital payments, which had gained momentum after demonetization. However, six months later, Indians seem to have gone back to their old ways of cash.”
Feds look to experimental light-field cameras to ID drivers at the border
Feds look to experimental light-field cameras to ID drivers at the border — The Verge — “Developed at Oak Ridge National Laboratory at the request of US Customs and Border Patrol… The system draws on light-field sensor arrays to mitigate the glass barrier, allowing cameras to focus past the reflections on the windshield to the faces of the drivers and passengers.”
The iPhone’s camera app can now read QR codes
The iPhone’s camera app can now read QR codes — Techcrunch — “According to some reports on Twitter, QR codes in the U.S. are about to get a second chance, because the first iOS 11 beta has the ability to read QR codes via the native camera app. That means any iPhone users will be able to open their camera, point it at a QR code, and receive a prompt to follow a URL.”
Egypt: National Council for payments issues five important decisions
Egypt: National Council for payments issues five important decisions — MobileMoneyAfrica — “The National Council for Payments issued a number of important decisions, with the aim of transforming Egypt from a society that relies on cash to a cashless one.”
Chinese mobile payment apps launch in Vancouver, Toronto
Chinese mobile payment apps launch in Vancouver, Toronto — The Globe and Mail — “OTT Financial Inc is working with Chinese Internet giants Tencent and Alibaba to introduce their mobile-payment infrastructure in Canada. The two apps, WeChat Pay and Alipay, are linked with users’ credit cards and allows them to make payments in renminbi, which is then converted to Canadian dollars before it’s transferred to merchants.”
Xiaomi and Apple tie for the top position as the wearables market swells 17.9% during the first quarter, according to IDC
Xiaomi and Apple tie for the top position as the wearables market swells 17.9% during the first quarter, according to IDC — International Data Corporation — “The worldwide wearables market maintained its upward trajectory during the first quarter of 2017 (1Q17) with Xiaomi and Apple leading all companies and multiple products experiencing double- and triple-digit growth.”
UnionPay mobile QuickPass QR code payment landed in Hong Kong and Singapore
UnionPay mobile QuickPass QR code payment landed in Hong Kong and Singapore — UnionPay International — “After UnionPay mobile QuickPass QR code payment was launched on May 27 in mainland China, UnionPay International announced today to extend this service to Hong Kong and Singapore… The newly launched QR code payment is a significant supplement to NFC payment.”
Digital India: UPI-based transactions grew more than 20 times since demonetization
Digital India: UPI-based transactions grew more than 20 times since demonetization — BGR — “UPI is now one of the most widely used mobile payments systems, and could reach 100 million users in a few years… UPI’s monthly transaction value shot up from $15 million before November 8 to $359 million by the end of the financial year (March 2017).”
At Alibaba, artificial intelligence is changing how people shop online
At Alibaba, artificial intelligence is changing how people shop online — Alizila — “Alibaba is spreading artificial intelligence throughout its core e-commerce operations, making it a cornerstone technology to speed the arrival of what company officials envision to be the future of not only e-commerce, but all commerce.”
SA scientists develop next-gen digital ID tech
SA scientists develop next-gen digital ID tech — IT Web — “The technology, dubbed aiDX, is an advanced identification technology that uses deep science to simulate human cognition in order to confirm or determine the identity of a person to industrial grade standards on any smartphone or device equipped with a camera.”