Monday 27 April 2015 | RSS

 
  • Featured partners
  • About our partners
Feedback
 

Archive: News in brief

One in three Millennials to use a mobile wallet in 2015

February 3rd, 2015

5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994. 21% of respondents said they currently use an alternative payment service like Venmo or PayPal and 39% expect to use one in the next year.

ATM operators report on EMV readiness

February 3rd, 2015

More than six in ten (61%) US ATM operators expect “the vast majority” of their network will be capable of handling EMV transactions by the end of 2016, the ATM Industry Association has revealed. “As of the end of 2014, 65% of respondents report having at least one ATM capable of handling EMV transactions,” the survey found.

Kaspersky debuts secure QR scanner

February 3rd, 2015

Antivirus and security software provider Kaspersky Lab has launched Kaspersky QR Scanner, an app that warns users of potentially dangerous links within QR codes when they scan with their mobile device. “If the code is valid, the scanner will open the page,” the company explains. “If the link leads to a phishing or a malicious site, the user receives a warning notification.”

St Petersburg Metro to go contactless

February 3rd, 2015

Commuters in St Petersburg, Russia will soon be able to pay their metro fares by tapping either a contactless card or an NFC device at turnstiles equipped with MasterPass technology. The service is to be rolled out through a partnership between MasterCard, the city’s administration, St Petersburg Metro and Bank Saint Petersburg.

NJ Transit expands mobile ticketing app

February 2nd, 2015

NJ Transit has expanded availability of its MyTix mobile ticketing app to interstate routes between New Jersey and New York City after launching in South Jersey last year. To use MyTix customers install the app and create an account before purchasing their monthly pass. “Customers then simply display the monthly pass on their mobile device to the bus operator when boarding the bus,” NJ Transit says.

Dynamic mag stripe card Swyp goes on pre-order

February 2nd, 2015

Start-up Qvivr has begun taking pre-orders for Swyp, a US$49 dynamic magnetic stripe card that uses Bluetooth LE, incorporates buttons and a display and works in conjunction with a smartphone app to emulate up to 25 credit, debit, gift or loyalty cards. Swyp also uses “sophisticated algorithms”, the team says, to learn “from your behaviours, patterns and surroundings to predict your next purchase decision.”

One in four online transactions are now mobile

January 30th, 2015

Over a quarter (25.8%) of the world’s online transactions now take place on a mobile device, up from 23.3% in the third quarter of 2014 and 37% up on the 18.8% recorded in the fourth quarter of 2013, Adyen’s quarterly Mobile Payments Index has revealed. “December showed the highest proportion of mobile payments at 26.6%, followed closely by November at 26.1%,” the study found.

Norwegian carriers pick Amdocs for mobile payments

January 30th, 2015

Strex, the mobile payments joint venture between Norwegian carriers Telenor, TeliaSonera and Tele2, has selected software and services provider Amdocs’ Mobile Financial Services solution to “consolidate the operators’ multiple SMS-based payment systems into one” mobile wallet. Strex will now be able to offer users a single solution to pay for digital and physical goods or services, send money and pay bills using “either SMS, web, USSD or via a mobile app,” Amdocs says.

MassDOT tests mobile tickets

January 30th, 2015

The Massachusetts Department of Transportation (MassDOT) has begun a pilot test of BusPlus, a mobile ticketing service developed by Bytemark that provides customers of intercity private bus operators the ability to purchase and store transit passes on their mobile devices. “To use passes, riders simply show their smartphone screen to bus operators or scan the on-screen barcode upon boarding,” MassDot explains.

Gmail sends money in the UK

January 29th, 2015

Google is expanding availability of its Send Money in Gmail service, enabling users in the UK to send money to friends and family from within their Gmail account. “We’re rolling out this feature over the coming weeks to all UK Gmail users over 18 years old, so keep an eye out for the £ icon in the attachment options,” Google says.

USAT adds support for Apple Pay

January 28th, 2015

Cashless vending machine technology provider USA Technologies (USAT) has announced that it has added support for Apple Pay. “This immediately adds approximately 200,000 Apple Pay acceptance points, bringing the advanced mobile payments service to owners and operators of coffee brewers, vending machines, kiosks, laundry equipment, parking pay stations and other self-serve appliances,” the company says.

Samsung Pay to launch at MWC?

January 27th, 2015

Samsung Pay, “a payment feature which works with magnetic and NFC terminals” will ship with the Korean phone maker’s forthcoming Galaxy S6 mobile phone, BGR reports, citing a “trusted source”. The device is expected to be unveiled during Mobile World Congress 2015 while the mobile payment service is expected to use technology developed by US startup LoopPay to enable payments to be made at both contactless and magnetic stripe-based POS terminals.

Schoolboys protect Macs with Touch ID

January 27th, 2015

Two Dutch schoolboys have developed KeyTouch, an app that uses Apple’s Touch ID technology to protect access to Mac computers. “Apple fans who happen to own Touch ID-enabled iPhone and iPad models can use the app to unlock and lock their Macs as long as their OS X computers have Bluetooth 4.0 LE support and are running the KeyTouch companion app,” BGR reports.

Descartes offers ear verification for mobile devices

January 23rd, 2015

Descartes Biometrics has unveiled Helix, an ear detection and recognition technology that uses a smartphone owner’s unique ear features to lock and unlock their mobile device. “Helix does not require any additional hardware and is capable of processing any qualifying image containing an ear,” the company says. “Possible applications include banking, travel, medical and personnel attendance solutions, as well as application, device and building security.”

Taiwanese banks to use Wave NFC dongle

January 23rd, 2015

Taiwan Mobile Payment Co (TWMP), the consortium of regional banks bringing NFC payments to market in Taiwan, is to use Oti Wave, the NFC payment dongle developed by On Track Innovations. TWMP was formed in July 2014 by three Taiwanese banking groups and has since signed up 27 banks to use its NFC hub to connect with local carriers. Oti Wave, unveiled in 2012, is certified by Visa and MasterCard, and has also been adopted by Hong Kong ATM network JetCo. The device has also been tested by a major US bank.

Android devices get multifactor biometrics

January 23rd, 2015

Voice control specialist Sensory has released AppLock, a mobile app that can secure other apps on any Android device with multifactor biometric authentication. “This authentication can use the camera to see the user’s face or the microphone to hear their password or both simultaneously for maximum security needs,” Sensory explains. “In just a few seconds, the user can enroll his/her face and voice by simply looking at the phone while speaking the passphrase at the prompts.”

Ringly raises US$5.1m for light-up rings

January 23rd, 2015

Wearable technology company Ringly has raised US$5.1m in Series A funding to produce a range of connected jewellery that links to a smartphone, and alerts the wearer with a variety of customizable notifications by lighting up and vibrating. “This year, we’ll be expanding our collection, adding new features and introducing partnerships with fashion brands and designers to create a wider variety of new designs,” says Ringly’s Christina Mercando.

New York metro heads to NFC

January 23rd, 2015

New York City’s Metro Transit Authority (MTA) is in discussions to replace its MetroCard payment system with a new US$450m system set to include support for NFC mobile payments and contactless cards. The plan calls for passengers to be able to pay by phone on buses and on the subway by 2020, and at vending machines in 2022.

Payment security tops retailer priorities

January 22nd, 2015

More than 63% of US retailers have included payment security among their top three priorities for 2015 in a survey by Boston Retail Partners, with 650% more retailers planning to support EMV by October. “Recent data breaches at several top retailers, high-profile hacking, plus the looming October 2015 deadline shifting credit card liability back to the retailer for those not compliant with EMV policies seem to be likely causes,” the firm explains.

Most US retailers won’t be ready for EMV

January 22nd, 2015

More than half of all US retailers (55%) are still not fully prepared for the migration to EMV despite the impending October deadline, a survey for ACI Worldwide has revealed. Some 14% still have work to do, 19% are not prepared and 22% are still evaluating their options. “Just 12% of retailer respondents are already compliant, while 19% are confident they will meet the October deadline,” the survey found.

Page 5 of 69« First...34567...102030...Last »