News about Fortune.
September 14th, 2016
Alipay parent company Ant Financial has acquired biometric provider EyeVerify. “Earlier this year, Ant Financial and EyeVerify entered into a licensing agreement in which Eyeprint ID was integrated into Ant Financial’s payment authentication platform,” Ant Financial says. The acquisition will allow the company’s Eyeprint ID technology to be integrated into more Ant Financial products and “secure hundreds of millions of consumers’ online data and transactions”. Eyeprint ID works by capturing an image of an eye and matching the unique vein pattern to verify identity. The acquisition cost $100m, Fortune reports.
September 8th, 2015
“We are seeing strong uptake; these technologies will take time to grow but we’re seeing adoption track really well,” MasterCard’s chief emerging payments officer Ed McLaughlin said of Apple Pay during an interview with Fortune. “Android Pay is going to be more interesting because it will be compatible to Google’s latest version of its operating system. It will be interesting to see how quickly that moves.”
September 2nd, 2015
A Google service called Google Here that would send notifications via Google Maps and beacons in participating stores was shut by CEO Larry Page this year. “The launch included partnerships with retailers including Starbucks,” Fortune reports. “People familiar with the project say it was shut down for two reasons; Google Here was potentially too invasive, and the company wasn’t sure if many retailers would want it.”
July 29th, 2015
Mobile and online payment provider Stripe has entered into a strategic partnership with Visa that will make it one of the first beta partners to connect to Visa’s network capabilities, giving its developer community access…
June 11th, 2015
US bank Wells Fargo is piloting a face and voice authentication system with 100 customers using its mobile app on their iPhones. “A person just needs to let their face and voice do all the work,” Fortune reports, following a first-hand demonstration of the technology. “Wells Fargo estimates that it takes about 23 seconds or so to pass the security test.”
June 10th, 2015
Square will give away 250,000 of its NFC mPOS terminals unveiled during Apple’s WWDC this week. “We need to push hard on getting readers to businesses, which is why we are giving 250,000 of the first wireless readers away for free,” Square CEO Jack Dorsey told Fortune, with readers available to buy in Apple stores “come the fall”.
May 16th, 2014
August 13th, 2013
A US-based startup has added NFC to golf ball markers, allowing tournament organisers to pre-load lunch and drinks credits or golf buggy access rights before a game tees off. Sensorstream’s Birdie is a waterproof, coin-sized…
May 1st, 2012
With an NFC-enabled Nook, you could “walk up to any of our pictures, any [of] our aisles, any of our bestseller lists, and just touch the book, and get information on that physical book on your Nook and have some frictionless purchase experience. That’s coming, and we could lead in that area,” the US bookseller’s CEO has told Fortune.
July 19th, 2011
The ‘Mobile Payments Smackdown’ session at the Fortune Brainstorm Tech event today is set to be the venue for the first live discussion of the NFC deals signed by the major US payments networks with…