May 20th, 2015
More than four million customers have now signed up for Visa Checkout since its launch in July last year, and more than 125,000 merchants are now accepting the online checkout service along with 260 financial…
May 20th, 2015
The US Patent and Trademark Office has granted Apple a patent for its Concert Ticket+ concept, first unveiled in 2010. “Apple’s newly granted patent covers their invention relating to tickets to events and to obtaining, storing and accessing tickets to events and benefits associated with such tickets using an electronic device,” Patently Apple reports. It adds the original patent went on to help form the Passbook application, and is now “directly related to the use of Apple Pay”.
May 20th, 2015
Members of the Electronics Payments Association (NACHA) have approved Same Day ACH (Automated Clearing House), an amendment to the NACHA Operating Rules that will enable same-day money transfer for “virtually any” ACH transaction. “Same Day ACH will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH,” the organisation explains. The move, which will be implemented in a “phased approach”, will greatly accelerate the speed at which money can move through the US financial system.
May 19th, 2015
Face++, the Chinese facial recognition technology startup behind Alibaba’s selfie payments service, has secured an additional $25m in a series B funding round, taking the total raised to $47m. Existing investors Qiming Venture Partners and Innovation Works contributed to the round, the company told TechCrunch.
May 15th, 2015
The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts. “Biometric modalities that are likely to generate the most revenue include fingerprint, iris image and voice recognition,” the company says. “Key use cases include consumer device authentication, mobile banking, ATMs, government IT systems, POS transactions, pharmacy dispensing and wearable device authentication.”
May 14th, 2015
Japan’s largest mobile network operator NTT Docomo has unveiled an NFC smartphone that comes equipped with an iris authentication system from Fujitsu that will let owners unlock the device and authenticate mobile payments just by looking…
May 13th, 2015
A research note published by KGI Securities’ Ming-Chi Kuo has revealed a number of changes planned for Apple’s so-called iPhone 6s, expected to be unveiled in September, including an improved Touch ID sensor which “will improve the Apple Pay experience with faster, more secure readings,” Apple Insider reports.
May 6th, 2015
AMS has won a Sesames award in the emerging payments category at Cartes America for its AS39230 BoostedNFC IC, the chip used by Apple in its iPhone 6 and Apple Watch devices. The boosted analog front end chip can “secure NFC mobile payments by delivering unparalleled NFC performance, even in devices with room for only a tiny antenna,” AMS says.
May 5th, 2015
Six schools in Barcelona are issuing contactless cards to students who use public transport so that parents can track them on their journey to school and be notified when their child has arrived safely. Assistants…
May 1st, 2015
Digital banking solutions provider Digital Insight is to offer Apple’s Touch ID fingerprint verification in the iOS mobile banking applications it supplies to financial institutions later this year. “The speed and ease of use of Touch ID will provide financial institutions another innovation to offer their customers and members, and further help them differentiate in the marketplace,” said senior product manager Dan Weis.
April 10th, 2015
Consumers could be able to authenticate themselves using brain wave and heart beat bio-signals from as soon as February 2018. The Korea Internet & Security Agency is to develop standards for the next-generation biometric technologies, and has set up a research committee which includes university hospitals and leaders from the telecommunications and biometrics industries, WhowiredKorea reports.
April 1st, 2015
Hotel customers with high credit scores will be able to book rooms on Alibaba’s online travel booking platform Alitrip without having to provide their credit card for room deposits and bypass check-out with payments automatically deducted from their Alipay accounts. The Post Post Pay service, launched by Alitrip and Sesame Credit, the Alibaba-related Ant Financial Services Group credit agency, will be available in some 5,500 hotels in China, Alizila reports, including Starwood, Shangri-La, Jinling, New Century and Landison.
March 27th, 2015
Swimmers will soon be able to use NFC wristbands to set up personal training regimes and measure their performance in the pool. A pilot in five pools in Israel will use the wristbands, a mobile…
March 18th, 2015
Windows 10 users will be able to use biometric technology to secure access to their devices, Microsoft has announced. Windows Hello will support face, iris and fingerprint verification and will ship with the new edition…
March 11th, 2015
More than 1.5bn airline boarding passes will be delivered via mobile by 2019, up from 745m this year, Juniper Research predicts. The figure will represent one in three of all passes issued.
March 6th, 2015
Spain’s CaixaBank has launched an app which allows customers to use voice commands to perform simple online banking operations, opening the way for drivers to check balances and initiate transfers as they travel. The Android…
March 5th, 2015
The number of victims of identity fraud in the US decreased 3% to 12.7 million in 2014 and total fraud losses declined to US$16 billion — a decrease of 11% from 2013 — a study from Javelin Strategy & Research has found. However, a series of high-profile card data breaches had a great impact on consumer purchasing decisions, with 28% of fraud victims saying they avoided affected merchants after the fraud, say the authors of the 2015 Identity Fraud study.
February 20th, 2015
Fans of FC Barcelona are now able to use their smartphones instead of paper tickets to gain access to the Nou Camp stadium. The Spanish club has launched the Mobile Ticket project, a service that…
February 18th, 2015
Windows 10 will support the next version of the Fast Identification Online (Fido) Alliance technical specifications, Microsoft has announced, allowing users to unlock their devices using biometric authentication instead of passwords. “Transitioning away from passwords and to a stronger form of identity is one of the great challenges that we face in online computing, and we believe Fido authentication is the pathway to success,” says Microsoft’s Dustin Ingalls.
February 18th, 2015
Brooklyn Museum has produced an in-depth report that examines the practical issues it experienced implementing and managing a network of Bluetooth beacons. Key concerns include installation of the beacon devices, difficulties keeping them in place and programming beacon signal strength. “We are still happy we went this route, but the practicalities have been difficult,” Shelley Bernstein from the museum says.