Samsung Electronics and LG Electronics to introduce their new low-end smartphones at CES 2018 — ETNews — “Samsung Electronics and LG Electronics are going to introduce their new low-end smartphones at CES 2018… Galaxy A8 series are installed with Samsung Pay and fingerprint recognition…. K series are installed with a mobile payment system called LG Pay that is applied to premium smartphones such as G and V series. This is the first time when LG Electronics’ low-end lineup is applied with LG Pay.”
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Brazil to introduce multifunction driver’s licenses that can be read with an NFC phone
New Brazilian driving licence adopts Cipurse specification from OSPT Alliance — OSPT Alliance — “The technology on the new card has many benefits including allowing law enforcement officers to read the data on the card via an NFC smartphone app, in any location, and quickly coordinate with other agencies across related systems. Additionally, banks can use fingerprint authentication to grant access to services and credit, and local public transportation solutions can also be implemented on the card.”
Samsung looks to palm recognition to secure mobile devices
Samsung’s new phones might literally read the palm of your hand — Futurism — “Recent patent filings by the South Korean electronics giant show that the company may be investing in yet another means of biometric scanning. Samsung’s palm recognition technology would join other biometrics, such as facial recognition and fingerprint scanning, along with standard passwords, pin numbers, and patterns as a means of securing your device.”
EU gives payments industry 18 months to implement strong customer authentication
Payment Services Directive (PSD2): Regulatory Technical Standards (RTS) enabling consumers to benefit from safer and more innovative electronic payments — European Commission — “The RTS makes strong customer authentication (SCA) the basis for accessing one’s payment account, as well as for making payments online. This means that to prove their identity users will have to provide at least two separate elements out of these three: something they know (a password or PIN code); something they own (a card, a mobile phone); and something they are (biometrics, eg fingerprint or iris scan)… The use of SCA will become mandatory 18 months after the entry into force of the RTS, ie once the RTS is published in the Official Journal of the EU, scheduled for September 2019.”
Millennials back biometrics and AI for payments
Millenials driving demand for AI and biometric security — Vocalink — “77% of millennials thought that new AI technologies such as virtual assistants and hands-free speakers like Amazon Echo and Google Home are appealing as payment devices. In addition, 28% of millennials have used fingerprint technologies to verify payments and 35% of the group now believes that fingerprint technology is the most secure method of verification followed by iris scanning at 22%.”
ABI: 160m cards with embedded fingerprint sensors to be shipped by 2022
Biometric payment cards to boost banking industry security — ABI Research — “Fingerprint embedded payment cards will enjoy an impressive growth over the next years reaching 160 million shipments by 2022 with a five-year CAGR standing at approximately 400%. While the Middle East, Africa and North America will be among the first regions geographically in which higher shipments are expected during 2018, forecasts indicate that Europe and Asia Pacific will have a larger penetration rate over the coming years.”
Amex adds biometric authentication to Safekey 3D Secure platform
American Express supports next generation of digital commerce over internet-connected devices with SafeKey 2.0 rollout — American Express — “SafeKey 2.0, which leverages the EMV 3D Secure 2.0 industry standard, is a global solution that provides an extra layer of security when an American Express card member makes a purchase online at a participating merchant… The updated platform supports authentication methods using biometrics, including fingerprints and facial recognition… In addition, SafeKey 2.0 will support card issuers and merchant acquirers in the European Union as they address the Strong Customer Authentication requirements of the Payment Services Directive 2.0.”
NXP cuts card transaction times, adds fingerprints to cards
PARTNER NEWS: NXP is to unveil a new fingerprint-on-card solution at Money20/20 that combines a dual interface card with an integrated fingerprint sensor... More
Apple to drop Touch ID in 2018?
Apple predicted to ditch Touch ID for Face ID with 2018 iPhone lineup — AppleInsider — “Apple is going all in on Face ID, according to well-connected KGI analyst Ming-Chi Kuo, who believes the company will completely abandon its Touch ID capacitive fingerprint recognition system in favor of the depth-sensing technology when it introduces next year’s iPhone lineup.”
Google drops NFC Smart Unlock due to ‘extremely low usage’
Google reveals why it killed NFC Smart Lock in Android — BetaNews — “It recently came to light that Google had killed off NFC Smart Lock in Android — without telling anyone. Now the company has come clean about just why the feature was given the chop. Google says that ‘in the case of NFC unlock, we’ve seen extremely low usage,’ adding that there are now many more ways of unlocking Android devices. But while Google points to features such as on-body detection, fingerprint scanning and Trusted Places, fans of the missing feature say that none of these are comparable.”
AirPlus staff test cards with built-in fingerprint readers
AirPlus pilots biometric corporate card — Business Travel News — “Payments provider AirPlus is testing a biometric corporate card for which users can use a fingerprint rather than a pin at checkout, AirPlus head of research and development Uli Danz told BTN… The card may not be available to clients for a while because, as Danz told BTN, “in the credit card business there are a lot of rules, and the rules are not yet set for biometrics or fingerprints on card.”
UK consumers warm to face verification at the point of sale
Shoppers give thumbs up to in-store biometrics — Worldpay — “Just under two thirds (63%) of consumers want to be able to use a biometric scan to authorise payments in-store. When it comes to using our body parts to pay, 69% of consumers say they’d be open to using a finger. But respondents are also beginning to come around to the idea of using their face (24%), iris (33%), and voice (18%) to identify themselves at the point of sale.”
Japanese banks to develop shared customer ID platform
Japan developing shared ID system for banks — Nikkei Asian Review — “In this set-up, an account holder at one bank can register for a shared ID. If the individual wishes to open an account at a second bank, all she needs to do is provide the common ID through a smartphone app, and confirm her identity through fingerprint or facial scan.”
US iPhone users ‘unlikely’ to use Face ID for payments
40% of Apple users to spurn facial recognition, according to Juniper survey — Juniper Research — “A new survey conducted by Juniper Research has found that over 40% of iOS users in the US consider themselves unlikely to use facial recognition as a payment security technology… Contactless payment users considered fingerprint sensors and voice recognition more appealing authentication methods, with 74% and 62% respectively saying they are likely to use these technologies.”
European consumers give thumbs up to biometric payment cards
Nine in ten consumers taking part in the first European trial of a biometric payment card developed by Mastercard say they “would upgrade or probably upgrade” their favourite card to one that includes the biometric security feature if it was available, a survey by issuing bank UniCredit Bulbank has found... More
Bank of America, Samsung pilot iris-scan logins
Bank of America, Samsung pilot iris-scan logins — American Banker — “Half of the bank’s mobile app users are using fingerprint authentication, which BofA rolled out in 2015. In addition to the iris scanning pilot, it is exploring the use of facial scanning and voice recognition.”
iPhone 8 facial recognition will likely work with Apple Pay
iPhone 8 facial recognition will likely work with Apple Pay — MacRumours — “We’ve already seen confirmation that Apple is working on facial recognition in the iPhone 8 through a recent HomePod firmware release, and now additional information found in the code confirms Apple has a mechanism for authenticating Touch ID payments with a face scan instead of through a fingerprint.”
Italian consumers can now make P2P payments in stores
Jiffy, the P2P payments service that lets 4.2 million Italian consumers send money from their bank account using just the contacts list on their smartphone, has begun rolling out to retail stores with an initial launch in 150 outlets in the cities of Milan, Rome and Turin... More
Apple has just weeks to fix its fingerprint problem, says KeyBanc
Apple has just weeks to fix its fingerprint problem, says KeyBanc — Barron’s — “Apple is still struggling to put a fingerprint sensor under the glass of its next iPhone, says KeyBanc, and it has until August to fix the problem or else ditch fingerprints on the new device or decide to delay substantially its roll out… Not having the fingerprint sensor, he writes, would not be good, as it might effectively shut out the new phone from things like Apple Pay.”
Researchers fight fakes with quantum fingerprints that can be checked with a smartphone
Researchers from Lancaster University have created an ID technology based on irregularities found in two-dimensional materials such as graphene... More