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Archive: News in brief

37% of vending payments cashless

June 4th, 2015

Cashless payments now account for 37% of all transactions made on vending machines equipped with USA Technologies’ ePort Cashless Payment System, data from the company’s 2015 Cashless Knowledge Base Study has found. There was also a 32% increase in average ticket values when consumers make cashless purchases – including those using mobile wallets – compared to those made with cash.

Tiny NXP diode to protect NFC chips

June 3rd, 2015

PARTNER NEWS: NXP has introduced a component designed to protect NFC chips in mobile devices from voltage spikes. At just 0.6 by 0.3 by 0.3 mm the PESD18VF1BSF is ideal for space constrained applications such as smartphones, says the company. “NFC antennas are integrated into the battery’s cover or the battery itself, and are connected to the IC (integrated circuit) via small contacts on the phone,” explains NXP. “These contacts can act as entry points for ESD (electrostatic discharge) strikes which are potentially hazardous to the NFC controller IC.”

Chase Bank adds Touch ID authentication

June 2nd, 2015

Chase Bank has added Touch ID authentication to its Chase Mobile app for iOS to let users log in to the service using their fingerprint. “To complete secure transactions, such as Chase QuickPay, customers will enter their passwords for additional authentication,” the bank explains. “Chase plans to offer fingerprint authentication for the Chase Mobile app for Android later this year.”

Pinterest shows off buy buttons

June 2nd, 2015

Pinterest has demonstrated how developers could place ‘action buttons’ inside the app that would let users buy items or add them to wishlists. A grocery delivery service like Instacart for example could integrate ‘buy’ buttons into its recipe pins that would open a shopping cart in the app or site filled with the ingredients, TechCrunch reports.

1bn biometric banking consumers by 2017

June 2nd, 2015

More than 1bn consumers globally will be accessing banking services through biometric systems by 2017 and biometrics will become the predominant method of identification for accessing bank services by 2020, Goode Intelligence predicts. “We are forecasting that by 2020, it will contribute US$5.5bn in revenue for companies involved in delivering biometric systems to the banking industry,” the company adds.

Chinese unveil face recognition ATM

June 2nd, 2015

Researchers at China’s Tsinghua University and technology company Tzekwan have unveiled an ATM with inbuilt facial recognition features. “The ATM camera captures facial images and compares them with the ID photos of users for verification,” Xinhua News Agency reports. “The machine will be able to identify the cardholders if their facial features have changed and avoid thieves who attempt to trick the machine.”

Cayan to support Android Pay rewards

June 2nd, 2015

Businesses using payment technology provider Cayan’s Genius Customer Engagement Platform will be able to “simply switch on” support for Android Pay when the service launches later this year. “In addition to supporting payments, Genius will also support loyalty and offers from Android Pay, which enables both payment and loyalty/offers through NFC,” the company explains.

Google unveils Project Brillo

June 2nd, 2015

Google has unveiled Project Brillo, a development platform for the Internet of Things that will connect devices through a communication layer called Weave which “provides seamless and secure communication between devices both locally and through the cloud,” Google explains. “It’s integrated into the Google mobile platform so support is built in to Android and easily available for iOS.”

Swatch smartwatch to launch in two countries

June 1st, 2015

Swiss watchmaker Swatch Group is to launch its NFC smartwatch in two countries this summer, Switzerland and “one big country”, CEO Nick Hayek revealed during the company’s annual general meeting. “He didn’t elaborate on the big country for the launch, but it is likely to be either the US or China,” the Wall Street Journal reports.

LG G5 could launch with iris scanner

June 1st, 2015

LG’s next flagship smartphone, the LG G5, will reportedly come equipped with an iris scanner and recognition technology developed by Korea-based biometrics provider Irience. “It is expected that the iris scanner will enable LG G5 users to use a wide variety of biometric technologies on the market,” Whowired Korea reports. “In particular, the feature will strengthen the security in the mobile banking transactions.”

Ingenico backing for Android Pay

June 1st, 2015

Point-of-sale terminal maker Ingenico has announced its smart terminals will be able to process Android Pay transactions as well as supporting the service’s loyalty and offers functionality. “Virtually all Ingenico terminals implemented in the US by large and medium-tier merchants are NFC-capable, and many of those merchants have already enabled this capability to accept other types of mobile wallet payments,” Ingenico says.

OTI to support Android Pay

June 1st, 2015

NFC and cashless payment solutions provider On Track Innovations has integrated support for Android Pay payments and rewards into its Saturn NFC readers. “OTI’s Android Pay-enabled NFC reader will automatically recognise and apply loyalty cards loaded in Android Pay,” the company explains. “Similarly, Android Pay users will benefit from the ability to receive, store and present offers with enabled merchants.”

BBVA adds card controls to mobile wallet

June 1st, 2015

Spanish bank BBVA has updated its BBVA Wallet app, allowing customers to use their mobile phone to limit plastic cards for ecommerce or ATM withdrawals, as well as turning cards ‘on’ and ‘off’ at any time. “The new version turns our customers’ smartphones into a remote control to do whatever they want with their cards,” says BBVA’s Mehmet Sezgin.

Samsung files contactless fingerprint patent

June 1st, 2015

Samsung has filed a patent in the United States that reveals a touch-free fingerprint recognition system, using a device’s camera and matching the fingerprint to a stored image. “The present invention relates … more particularly to a method of recognising a contactless fingerprint using an electronic device configured to display a guide screen on a display of the electronic device,” the patent explains.

Chrome gets simpler Google Wallet checkout

June 1st, 2015

Google has announced the launch of Chrome 43 for Android which includes a faster checkout experience for Google Wallet users, the ability for a user to learn more about words and phrases by touching them on screen, plus a series of performance improvements. “Chrome 43.0.2357.78 will be available in Google Play over the next few days,” the search engine giant says.

Bell ID analyses Android Pay

May 29th, 2015

PARTNER NEWS: In a blog published today, tokenization specialist Bell ID outlines the differences between Google’s Android Pay, Apple Pay and Samsung Pay, and discusses what the NFC service means for banks. “Will Android Pay dominate the market for mobile payments and go head to head with Apple Pay? Currently, it is looking unlikely,” writes Bell ID’s Martin Cox.

Braintree integrates Android Pay into SDK

May 29th, 2015

PayPal-owned payment processor Braintree has integrated support for Android Pay into its SDK to make it easier for merchants to add support for the payment solution as a checkout option inside their Android apps. “We’ve connected with Android Pay on our back end to reduce the number of API calls and provide a streamlined payment flow,” the company says. The SDK already supports debit and credit card payments, PayPal, Venmo, Apple Pay and Bitcoin.

USAA Bank will support Android Pay

May 29th, 2015

USAA Bank has said it will support Android Pay when the NFC payment solution launches later this year. “Members will be able to provision their USAA credit cards for Android Pay starting on the USAA Mobile App or the Android Pay app,” the bank says. “USAA will also be among the first financial institutions to provide the convenience and ease of logging on to the mobile app using Android’s fingerprint support capabilities when Android M launches later this year.” The bank added support for Apple Pay last year.

TAG Systems acquires shares in Seglan

May 29th, 2015

Smart card-based solutions provider TAG Systems has entered into the mobile payments space by acquiring shares in Seglan, the company behind Spanish bank Bankinter’s HCE-based mobile payments service. “As a result of this operation, TAG Systems will offer mobile solutions based on HCE and tokenization to financial institutions, transport operators and merchants,” TAG Systems says.

US Bank cardmembers among first to get Android Pay

May 28th, 2015

US Bank cardmembers will be among the first to have access to Android Pay for credit and debit card transactions when the service launches later this year. “Android Pay gives our customers added value by providing another way to use their US Bank credit and debit cards to pay for purchases with their mobile devices,” says the bank’s Shailesh Kotwal. US Bank will announce more details on the service later in 2015.

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