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    Archive: Technology

    600m mobile devices to include biometrics by 2021

    December 2nd, 2016

    More than 600m mobile devices worldwide will include biometric authentication within the next five years, up from 190m in 2016, with demand for methods that involve less hardware raising the profile of solutions such as… More

    Austrian bank deploys NFC-ready ATMs

    December 2nd, 2016

    Austria’s Raiffeisen Bank Group has signed a deal to install 1,200 Diebold Nixdorf ATMs in its branches equipped with QR code scanners and NFC readers. Customers will be able to pay bills by scanning the QR code printed on the bill and using the ATM’s touchscreen display. Those who already have NFC-capable cards will be able to use the ATM’s contactless functionality. The bank says this will enable it to “deploy many other new applications that allow ATMs to interact with customers’ smartphones in the future, such as a cardless cash function”.

    Mastercard launches AI across global network

    December 1st, 2016

    Mastercard has introduced an artificial intelligence solution to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines, while marking the first time AI has been implemented on a global scale directly on the Mastercard network. “Decision Intelligence examines how a specific account is used over time to detect normal and abnormal shopping spending behaviours,” Mastercard says. “It leverages account information like customer value segmentation, risk profiling, location, merchant, device data, time of day and type of purchase made.”

    Korea gets BioCA facial recognition solution

    December 1st, 2016

    A facial biometric authentication service for money transfers has been launched by Korea International Trade Association subsidiary Korea Trade Network (KTNET), in collaboration with biometrics provider Daon and the Korea Smart Authentication Corporation. “This jointly developed facial recognition service can be applied to most smartphones equipped with a selfie camera,” The Korea Herald reports. In addition to mobile apps, BioCA can also be applied to immigration checkpoints at airports, keyless automobiles and property entrances. The service is built on Daon’s IdentityX solution and will also support fingerprint and voice recognition.

    Gemalto’s PKI portfolio update lets TSPs roll out eIDAS compliant services

    November 30th, 2016

    PARTNER NEWS: Digital security giant Gemalto has updated its Public Key Infrastructure (PKI) portfolio to include solutions for qualified electronic signatures that enable Trust Service Providers (TSPs) to roll out eIDAS (Electronic Identification and Services)… More

    USAA Bank adds insurance cards to digital wallet

    November 30th, 2016

    USAA Bank has updated its digital wallet offering to enable users to add their auto insurance card and medical insurance card to the app. “Members can access their proof of insurance, including a printable PDF for insured vehicles,” USAA says. “Members can also access their Medicare insurance information through their digital wallet.” The service also offers support for Apple Pay, Android Pay and Samsung Pay for USAA Visa and American Express debit and credit cardholders. It added biometric authentication in January 2015.

    Mastercard blockchain patent applications

    November 30th, 2016

    Mastercard has filed patent applications describing systems and methods for authorising and securing blockchain transactions using existing payment networks. “[The] use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain, while still maintaining security of account information and provide a strong defense against fraud and theft,” the payments company says.

    Jaguar files face and gait recognition system patent for vehicle entry

    November 28th, 2016

    Luxury car manufacturer Jaguar is working on a facial and gait recognition system for vehicle owners to unlock their cars, enhancing the development of “vehicle personalisation”, according to a patent filed with the US Patent… More

    Dutch bank in logistics blockchain project

    November 25th, 2016

    Dutch bank ABN Amro is working with Delft University of Technology and 14 other partners to launch a two-year project to apply blockchain technology to the logistics sector. The TKI Dinalog project aims to deliver three user cases: supply chain finance, inventory finance and circular economy. “We are applying blockchain technology to the financial routes in logistics. But that’s just the start,” says ABN Amro’s Martijn Siebrand. “I can see this development culminate in the logistics sector of the future, more coherent and smooth all across the chain.”

    Text messages via household chemicals could lead to harmless medical nanotechnology

    November 25th, 2016

    A machine that translates digital messages and transmits them using household chemicals could provide low-cost, self-powered nanotechnology devices that could travel around the human body harmlessly. Postdoctoral research fellow Nariman Farsad has developed the system… More

    iPayYou enables Bitcoin payments on Amazon

    November 24th, 2016

    Customers will now be able to pay for Amazon purchases using Bitcoin through Bitcoin wallet iPayYou’s Amazon Direct service. “To use it, an iPayYou customer determines the dollar amount to transfer, then chooses a destination account at Amazon.com and clicks a button to make a transfer,” Silicon Angle reports. “Once the transfer is complete, the amount credited to the Amazon account can be used to make any sort of purchase.”

    R3 investment details take shape

    November 24th, 2016

    Blockchain consortium R3 has reduced the amount it aims to raise from bank members in its first large round of equity funding to US$150m from US$200m, Reuters reports. More than 90% of its original 42 bank members have expressed an interest in investing, but Goldman Sachs and Banco Santander, both original participants, are not renewing their memberships, it adds. Morgan Stanley and National Australia Bank meanwhile are also not participating.

    US researchers claim discovery of ‘missing link’ for internet of things

    November 24th, 2016

    A miniature, self-sufficient WiFi device which uses virtually no energy has the potential to be the “missing link” for the internet of things, its developers at Stanford University in the US claim. Hitchhike is designed… More

    Intel aims for ‘merged reality’ experience

    November 23rd, 2016

    Chip giant Intel is developing a virtual reality headset based on ‘merged reality’, with users able to see the real world even while wearing a full headset, The Verge reports. Project Alloy aims to offer a “PC-like VR experience without the need to tether the headset to a computer system”. The system is potentially safer than full virtual reality headsets and also eliminates the need for additional sensors or hand controllers for interactive experiences.

    Visa reports EMV increase in US

    November 23rd, 2016

    There are now 388.8m Visa EMV cards circulating in the US, 180.6m of which are credit cards and 208.3m debit cards, the payment network has revealed. “More than 1.7m merchants are now accepting chip cards, a 191% increase in the last year,” the company says. “There were more than three quarters of a billion Visa chip transactions in October, a 453% increase over last year. Chip-ready merchants now represent 41% of Visa’s in-store payment volume.” The US became Visa’s largest chip card market in the world last month.

    NFC and blockchain combined to create supply chain security solution

    November 23rd, 2016

    Pharmaceuticals, fine art and forensic evidence could be secured along their supply chains by a new identity and authentication prototype, incorporating NFC chips and blockchain registration and verification, unveiled by US blockchain and internet of… More

    Biometrics in cars to ‘radically transform the driving experience’, report predicts

    November 23rd, 2016

    One in three new cars will feature some form of biometric feature by 2025, a report by Frost & Sullivan’s Intelligent Mobility team predicts, with partnerships between automotive OEMs and wearable providers resulting in faster… More

    Mobile bank offers hand recognition authentication

    November 23rd, 2016

    Dutch mobile-only bank bunq is to offer customers using its app 4 Fingers TouchlessID hand recognition software, developed by US biometrics authentication solutions provider Veridium. The system captures four fingerprints at once offering, the pair says, “a higher level of precision and reliability for authentication than other biometrics such as face, voice or a single fingerprint”.

    Barclays pilots cash withdrawals using NFC mobile phones and contactless cards

    November 21st, 2016

    UK bank Barclays has begun piloting a contactless mobile cash service that will enable customers to withdraw cash with a tap of their NFC mobile phones or contactless debit card. The service is scheduled to… More

    InComm to pilot dynamic CVV codes

    November 21st, 2016

    Prepaid card provider InComm is to pilot a real-time authentication solution that will allow its cardholders to complete transactions using dynamic CVV codes that replace the static CVV codes printed on the back of cards. “It works every place cards are accepted — online, over the phone, or at the point of sale — by generating a daily security code that only the cardholder knows,” solution provider Tender Armor says. The service will be piloted in 2017 making use of Tender Armor’s CVV+ solution.

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