What's New in Payments

UK regulator calls for banks to tighten cancellation processes for stolen contactless cards

FCA logo

The UK’s Financial Conduct Authority has set out measures it plans to tighten the processes banks undergo when a customer reports a stolen contactless card, which currently allow — in a “limited set of circumstances” — for a stolen card to be misused by fraudsters “several months after it has been cancelled”. More


UK consumers want more biometric security options for online banking

Equifax research

More than half of UK consumers (56%) would prefer to use a biometric security method over traditional options like passwords to log into their financial accounts online, research released by Equifax reveals. 33% would prefer to use fingerprint recognition, 31% would like to use iris scanners, 7% facial recognition and 3% voice recognition. More


Study reveals US attitudes to authentication methods

Nearly half of US millennials (48%) are willing to switch from passwords to another identification method to access their bank accounts, research released by Aite Group shows. This compares to 40% of generation X, 29% of baby boomers and 16% of seniors. More


NFC World

White paper explores how dedicated Android NFC devices can be used to improve the delivery of financial services in emerging markets

Famoco Emerging Markets white paper

Secure, affordable and dedicated Android NFC devices issued to local agents, farmers and financial institutions in emerging markets are improving the delivery of a wide range of services including branchless banking, know your customer procedures and food aid distribution, according to a 19-page white paper that is now available to download from the NFC World Knowledge Centre. More



Canadian banks to test blockchain digital identity network for consumers

Canadian flag

A blockchain-based digital identity network that will let Canadians verify their identity to organisations of their choice and access services such as new bank accounts, driving licenses or utilities using a mobile app is now undergoing testing ahead of a planned launch later this year. The service is backed by a group of Canadian banks that includes BMO, CIBC, Desjardins, RBC, Scotiabank and TD. More



NFC World

White paper explores how identification technologies are transforming the industrial and commercial landscape

HID Global white paper

A four-page white paper that explores how identification technologies such as RFID, NFC and Bluetooth Low Energy (BLE) are transforming the industrial and commercial landscape by making it possible for businesses to generate actionable results from large amounts of data is now available to download from the NFC World Knowledge Centre... More





NXP predicts ePassports will become virtual mobile identities

PARTNER NEWS: The electronic passport could soon become a “virtual mobile identity” that will allow owners to interact with and authenticate applications, as well as send credentials to other electronic devices using NFC smartphones and wearables, according to NXP... More







New guidelines to ‘simplify’ Mobile Connect service

Trade association SIMalliance has published a set of guidelines allowing mobile network operators and service and solution providers to more easily deploy Mobile Connect, which aims to provide a universal phone-based identity and authentication service to consumers worldwide... More