Proof of concept
News about Proof of concept.
November 16th, 2016
Metro Bank in the UK has successfully trialled a blockchain retail payment system, allowing consumers to make purchases from merchants equipped with contactless terminals, with merchant and consumer balances updated in real time. London-based financial…
November 14th, 2016
Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners. “The project simulated establishing the identity of both a legal entity and an individual using KYC data and identity attestations by third-parties,” International Business Times reports.
November 11th, 2016
Australian travel booking website Webjet has teamed up with Microsoft to develop a blockchain proof-of-concept solution for online booking services. ‘Smart contracts’ are being built to remove the risk of data inaccuracies, streamline payment processes and improve data security. “Blockchain… could potentially assist every one of our partners in the [travel] supply chain to improve their efficiency,” says John Guscic from Webjet.
October 20th, 2016
Contact centre solutions provider Eckoh has performed the world’s first Apple Pay payment via a telephone call. The proof-of-concept solution, developed in collaboration with Worldpay, will enable telephone-based payments to be taken at call centres,…
February 23rd, 2016
Visa is extending its Visa Token Service platform to auto manufacturers to enable in-vehicle payment experiences through Visa Checkout. The company has partnered with Honda and car parking solutions provider ParkWhiz to demonstrate fuel and parking proof-of-concept solutions at Mobile World Congress in Barcelona this week.
December 8th, 2015
Canadian NFC mobile wallet service Suretap and TSM provider EnStream have completed a proof of concept trial with public transport agency Société de transport de Montréal (STM) that enabled transit passengers to pay fares using their smartphone.
November 11th, 2015
Employees of UK-based payment processor Worldpay are taking part in a three week proof-of-concept trial to evaluate the use of finger vein technology (FVT) to authenticate payments at the point-of-sale without the need for a card.
September 29th, 2015
Visa has shown off a proof of concept NFC wristband in San Francisco, demonstrating how it could be used for making payments at the Rio 2016 Olympics next year. “Olympic hopefuls attending the Team Visa Summit learned to use new payment technologies that are expected to be implemented at the Rio 2016 Olympic Games including Visa Checkout and Samsung Pay,” Visa says. “We can’t yet confirm what kind of wearable payment devices we may have in Rio,” the company told NFC World.