More than half of UK consumers (54%) would use a biometric payment card if their bank made one available today, a new survey has found, and 82% say it would become their preferred payment card... More
Biometric cards’ ability to enable frictionless customer authentication for higher value contactless transactions will lead to the technology gaining widespread adoption by 2023, Goode Intelligence predicts, with a total of almost 579m biometric payment cards in use around the world in five years’ time... More
Tokenization technology is an immediately available solution that can be used to address critical gaps in blockchain and cryptocurrency security and promote consumer and institutional confidence, Rambus explains in a new paper which is available to download from the NFC World Knowledge Centre... More
National Australia Bank (NAB) has built and demonstrated a proof-of-concept ATM that recognises customers’ faces, removing the need for customers to use a bank card to make a withdrawal... More
Mastercard’s Pay with Rewards service is to relaunch at the end of this year with a new app that will allow cardholders to pay with the points or miles they have collected from any card, airline, hotel or retail rewards program that has signed up to use the service at any Mastercard merchant worldwide... More
Wearable payments specialist Tappy Technologies has unveiled a new watch strap design that combines its existing contactless payments module with a passive fingerprint sensor that can be used to increase the security and transaction limit of wearable contactless payments... More
Alipay has shown off a QR code-based payment system designed for public transit that can process transactions even when both the commuter’s device and the terminal are offline... More
PARTNER NEWS: Rambus has launched Vaultify Trade, a blockchain and cryptocurrency security platform that leverages the company’s expertise in tokenization and encryption to let banks safely offer their clients a range of value-added digital asset services from within their existing mobile banking apps — with bank-grade security... More
Societe Generale is testing the idea of issuing bank cards that incorporate a built-in fingerprint verification sensor with the aim of using the added security the cards provide to allow customers to make contactless payments “with no limit on the amount.”... More
Google’s latest Pixel 3 smartphones include a new “enterprise-grade” security chip that provides a range of features designed to increase the security of applications that make use of sensitive data, Google has revealed... More
PARTNER NEWS: STMicroelectronics has partnered with wearable transactions specialist Fidesmo to provide smartwatch and wearable device makers with a single payment system-on-chip (SoC) solution that comes with built-in support for Mastercard payments... More
Card issuers will no longer need to include a signature panel on the back of Mastercard products, the payments network has announced... More
The Reserve Bank of India (RBI), the country’s central bank, has issued the final set of guidelines for new rules designed to enable mobile wallet users to easily make payments and transfer funds to users of competing mobile wallet services... More
Apple has issued an apology to Chinese customers who were victims of a phishing scam that saw some Alipay and WeChat Pay customers lose funds stored in their mobile wallets... More
Adding payments capabilities to watches and fitness trackers deliver benefits beyond simply meeting customer demand for new and innovative products, Barclaycard’s Adam Herson says... More
Contactless payments usage has grown 30% in the UK over the past year to become the most popular card payment type for in-store transactions, Worldpay reports — and the growth is partly driven by an “astonishing” rise in consumer adoption of mobile payment services... More
Google has extended the NFC capabilities of its Pixel smartphones with the addition of support for ‘NFC-F’ FeliCa NFC mobile payments in Japanese versions of its new Pixel 3 smartphones... More
Standard Chartered has announced that it is working on a new type of payments solution that “could revolutionise the way corporates communicate with banks for financing or payments.”... More
Australia’s Commonwealth Bank is to pilot a new type of ‘smart money’ that can be pre-programmed with a set of conditions that define what it can be spent on, who it can be spent by and when it can be spent... More
Alipay has warned customers that have linked their accounts to their Apple ID to lower their transaction limits, Reuters reports, due to hackers who “have taken an unknown amount of money from accounts using stolen Apple Inc IDs.”... More