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Archive: News in brief

Fingerprint sensor market to grow at 17% CAGR

July 6th, 2015

The fingerprint sensor market is expected to grow at a CAGR of 17% between 2015 and 2020, research from MarketsandMarkets has found, with its value projected to reach US$14.5bn by 2020 from $5.5bn in 2014. “In terms of shipments, the market is projected to reach $10bn by 2020 at CAGR of double digits between 2015 and 2020,” the research team adds.

McDonald’s to pilot mobile order and pay in China

July 6th, 2015

McDonald’s is to begin piloting a mobile ordering and payment service in China in the third quarter of this year, with the aim of speeding payments and to meet consumer demand. “Given Chinese consumers being so digital, we are now preparing,” a spokesperson told The Wall Street Journal. The news follows fast food chain KFC’s partnership with Alipay to accept mobile payments in nearly 5,000 locations.

Apple Pay UK launch set for July 14?

July 6th, 2015

Apple is reportedly planning to launch Apple Pay in the UK on July 14. “Apple has informed some Apple retail employees in the UK that Apple Pay support will go live on that Tuesday, while internal memos for supermarket Waitrose plus an additional retail partner indicate the same date,” 9to5mac reports. “Apple will also begin training its UK staff on supporting Apple Pay on July 12.”

Next iPhone to get NFC upgrade?

July 3rd, 2015

Pictures of a circuit board believed to be part of the next iPhone show the device includes a different NFC chip from NXP. Images published by 9to5Mac reveal the company’s 65V10 part, used in the iPhone 6, has been replaced by a new IC labelled 66VP2. NFC World has reached out to NXP for clarification of the capabilities of the chip, likely to be a version of the PN66T NFC controller launched in November 2014.

Ant Financial valued at US$45bn

July 3rd, 2015

Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports. The parent company of mobile payments firm Alipay saw its number of annual active users surpass 400m this year, of which 80% are active mobile users.

ING adds biometrics to mobile banking app payments

July 3rd, 2015

Users of ING’s mobile banking app in the Netherlands can now use their voice or a fingerprint to authorise payments. “Customers previously could use voice control in the app and could log in with fingerprint recognition,” says the bank. “It is also possible from today to confirm payments in the app with your voice, or fingerprint for iOS devices equipped with Touch ID.”

38% of Americans back biometrics

July 3rd, 2015

More than a third (38%) of Americans believe biometrics will increase their smartphone security, while 25% are skeptical and 37% don’t know, research from Unisys Security Insights finds. “Apprehension seems to be consistent across all demographic subgroups,” it says. “Awareness about benefits of biometrics as a security measure seems to be low among consumers, and organisations need to educate them to improve adoption.”

Apple files P2P via NFC patent

July 3rd, 2015

Apple has filed a US patent application for a payments service that would enable peer-to-peer money transfers via NFC and Bluetooth. Person to Person Payments Using Electronic Devices describes how two individuals can use electronic devices “such as cellular telephones” to directly conduct financial transactions with each other by communicating encrypted financial credentials.

Koreans claim Apple Pay talks

July 3rd, 2015

Apple has reportedly held meetings with Korean financial institutions, including Hana Financial Group, as it looks to launch Apple Pay in the country. “We recently had a private meeting with Apple, and there are some problems that need to be solved,” a card company executive told ET News, adding that issues around tokenization and “commission problems” need to be addressed.

Cab:app taxis to accept NFC mobile payments

July 2nd, 2015

More than 7,600 taxi drivers in 90 cities across the UK and Ireland can accept NFC mobile payments from passengers using the taxi-hailing app Cab:app through an mPOS gateway provided by Payworks.  “Drivers are now able to accept physical Visa, MasterCard and American Express card payments directly from the Cab:app application using NFC-enabled chip & PIN card readers,” the company says, adding that frequent passengers can pay directly from the app.

Las Vegas gets park and reward meters

July 2nd, 2015

Drivers in Las Vegas can pick up offers from local businesses via 16 interactive on-street parking meters. The service is part of the City Connector project launched by MasterCard and fare collection systems provider Parkeon. “Customers can select any deals using the terminals’ interactive screens, after which the relevant coupons are immediately printed and redeemed at the POS when visiting the merchant,” Parkeon explains.

Mobile tickets launch for Houston buses

July 2nd, 2015

Bus users in Houston, Texas will be able to pay for and display tickets on their smartphones after the Metropolitan Transit Authority signed a contract with mobile ticketing specialist GlobeSherpa. “It would take 60 to 90 days to unveil the first phase,” the Houston Chronicle reports. “A second phase would enable riders to … pay with online tools such as Apple Pay and Google Wallet.”

PayPal buys money transfer provider Xoom

July 2nd, 2015

PayPal has bought digital money transfer provider Xoom for about US$890m. “Xoom is a leader in international remittances, enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way using their mobile phones, tablets or computers,” PayPal says.

MasterCard to pilot biometrics for online shopping

July 2nd, 2015

MasterCard is to test a system that will approve online purchases with a face or fingerprint scan later this year. “If you choose fingerprint, all it takes is a touch. If you go with facial recognition, you stare at the phone, blink once, and you’re done,” CNN reports. “To pull this off, MasterCard said it has partnered with every smartphone maker.” The pilot will involve 500 customers.

London buses get on board beacon rollout

July 1st, 2015

Five hundred London buses have been equipped with Bluetooth Low Energy (BLE) beacons to send targeted messages to commuters, as part of out-of-home media owner Exterion Media’s beacon rollout across “major cities” in the UK in partnership with mobile marketing and NFC specialist Proxama. The move follows a successful pilot conducted on buses in Norwich last year.

Beacons on menu for Cathay Pacific lounge guests

July 1st, 2015

Guests using Cathay Pacific’s business and first class lounge at San Francisco International Airport will be able to receive information about food and beverage menus and other available amenities with their smartphone via beacons installed across the lounge. The airline is working in partnership with platform provider LoungeBuddy for the trial that will be in place for 60 days.

Facebook rolls out Messenger mobile payments across US

July 1st, 2015

Facebook has made its Messenger mobile payments service available across the US following its launch in New York City in May. The service was first unveiled in March as a way for users to send and receive money for free through the Messenger app. “Add your debit card and pay anyone on Messenger in a few taps,” the social network says.

Apple Watch patent transfers data in a shake

July 1st, 2015

Apple’s latest patent details how an Apple Watch could exchange information with another when wearers greet each other with a handshake. “The wearable devices can detect their proximity to the other (using BLE or NFC-based proximity sensors),” Patently Apple reports. “Each device can communicate with the other (using Bluetooth, NFC, Wi-Fi or other wireless communication channels) to verify it experienced similar acceleration.”

Mahindra Comviva and Pole SCS in European partnership

June 30th, 2015

Mobile financial solutions firm Mahindra Comviva has signed a strategic agreement with Pole SCS, a south-east France technology cluster, to roll out new contactless and mobile services across Europe with a key focus on hybrid HCE and smart tokenization. “The framework will focus on products, solutions and services, as well as potential development of new initiatives based on innovative trust and security solutions,” Mahindra Comviva says.

NFC smartphone sales up 55% year on year in 2015

June 30th, 2015

Global NFC-enabled smartphone sales will grow more than 55% year over year in 2015, research from Strategy Analytics has found. “The growth rate is far above overall smartphone growth rate of 16% in 2015,” it says. “Asia Pacific remains the largest market for NFC smartphones, while North America has the highest NFC smartphone penetration until 2020.”

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