Samsung partners with American Express and Korea’s KB Kookmin to develop trackable payment cards

Samsung, KB Kookmin and American Express IOT credit card with BLE location verification

Samsung has signed a memorandum of understanding with South Korea-based KB Kookmin Card and American Express to develop an Internet of Things (IoT) credit card that will enable cardholders to connect their card to a Galaxy smartphone and verify its location using Samsung’s Bluetooth Low Energy-enabled SmartThings Find platform... More


Denmark trials hands-free contactless mobile transport ticketing platform

Fairtiq contactless mobile ticketing app on smarthphones

Danish public transport fare system provider Rejsekort & Rejseplan (RKRP) is trialling a hands-free automated app-based mobile ticketing system on bus and train services in Denmark’s North Jutland region as part of plans to develop a national digital mobility solution combining travel planning, booking, ticketing and payment across private and public modes of transport... More









US consumers ready to share purchasing data with financial services AIs

NTT Data study finds Alexa and Siri will drive the digital customer experience of the future for financial services firms — NTT Data — “Consumers are comfortable providing FSIs [Financial Services Institutions] with access to a wide range of data if it enables them to provide advice on spending, insurance products or coverages, or targeted financing options to meet their financial goals. 68% would share online retail purchase information, 61% would share geolocation information, 49% would share Uber, Lyft and OpenTable information, 42% would share Facebook and Twitter information.”


What's New in Payments

US Bank to use phone location data to authorize transactions

US Bank adds opt-in location services to mobile app, making life on the go more flexible during the holidays — US Bank — “US Bank has added location services to the US Bank Mobile App, offering US Bank Visa credit and debit card customers technology that uses their phones’ location to help verify whether their mobile devices and credit or debit card are in the same location. By using the mobile device’s location in the authorization decision, US Bank can help give consumers the confidence that their transactions will be approved, minimizing disruptions and further reducing the risk of fraud.”


Drones relay RFID signals for inventory control

Drones relay RFID signals for inventory control — MIT — “MIT researchers have now developed a system that enables small, safe, aerial drones to read RFID tags from tens of meters away while identifying the tags’ locations with an average error of about 19 centimeters. The researchers envision that the system could be used in large warehouses for both continuous monitoring, to prevent inventory mismatches, and location of individual items, so that employees can rapidly and reliably meet customer requests.”



What's New in Payments

New BBVA Wallet release provides enhanced functionality and convenience

New BBVA Wallet release provides enhanced functionality and convenience — BBVA Compass — “MLC uses geolocation information being transmitted by a customer’s mobile device as a means of approving debit card transactions for customers when they travel. When a customer enrolls in MLC, the bank is able to know at the time of purchase whether the cardholder’s device is nearby.”


What's New in Payments

MSC Cruises passengers to get onboard mobile payments and tailored holidays with NFC, beacons and biometrics

MSC for Me

Holidaymakers aboard ships belonging to MSC Cruises will soon be able to make onboard payments, tailor their individual holiday preferences and access features such as a digital personal advisor through facial recognition technology, NFC and Bluetooth Low Energy (BLE) beacons, plus a mobile app and interactive cabin TV screens... More




Transit Ticketing Today

Rail passengers pilot Bluetooth and geolocation service for ticket-free travel

Chiltern Railways

Passengers on UK rail company Chiltern Railways will soon be able to travel without tickets using a service integrating a mobile app with Bluetooth and geolocation services, which will track commuters throughout their journey, give them access through ticket barriers and automatically charge them the best price for the route taken... More



What's New in Payments

Android Pay preps new features

Android Pay is set to launch streamlined loyalty programme signups, Transport for London (TfL) ticket purchase integration and a function that allows users to discover which nearby stores accept the mobile payment service, a code analysis of the latest version of the mobile app by Android Police has revealed... More