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    Security

    News about Security.

    NFC Ring circles the globe

    August 24th, 2016

    NFC Ring has made its payments ring available to order worldwide, enabling wearers to make purchases with a tap of their finger at any contactless terminal.  More

    Three quarters of US retailers plan to accept Apple Pay before 2018

    August 16th, 2016

    More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals.  More

    New players in Apple Pay controversy

    August 16th, 2016

    Australia’s Heritage Bank and payment platform provider Tyro are the latest to enter submissions to the Australian Competition and Consumer Commission (ACCC), seeking to “collectively negotiate” with third party mobile wallet providers, while also urging Apple to open up the NFC technology in its handsets. Apple responded to the banks’ proposal last week, saying that doing so would undermine the security of Apple Pay.

    Samsung denies security flaw claim

    August 12th, 2016

    Claims of a potential security flaw in Samsung Pay’s tokenization technology, presented by researcher Salvador Mendoza at the Black Hat security conference and demonstrated in a video, have been dismissed. “Samsung Pay does not use the algorithm claimed in the Black Hat presentation to encrypt payment credentials or generate cryptograms,” Samsung says, adding that the possibility of completing a payment in this way is “extremely unlikely”.

    Apple says Australian banks’ plans would “diminish” security

    August 10th, 2016

    Apple is urging the Australian Competition and Consumer Commission to reject a request from a group of the country’s banks to “collectively negotiate” with third party mobile wallet providers over the introduction of mobile payment services. More

    Qatari bank to launch biometric ATMs

    August 9th, 2016

    Customers of the Commercial Bank of Qatar will soon have the chance to withdraw cash from ATMs via biometric scanning. “Implementation of this technology means customers will be able to access their account at Commercial Bank ATMs where finger vein scanners are installed,” the bank says. The technology will also be extended to allow corporate and VIP customers access to their internet banking accounts.

    Samsung Pay to get iris authentication with Galaxy Note 7

    August 9th, 2016

    Samsung Pay users will soon be able to secure purchases by scanning their eyes with the Galaxy Note 7, the latest addition to the Korean phone-maker’s pen-oriented line up. More

    Biometric banking to top $4bn by 2021

    July 29th, 2016

    Global revenues for biometric banking technologies are expected to top US$4bn by 2021, ABI Research has revealed. “Biometric market hype is shifting away from consumer electronics and toward biometric banking technologies that appeal to millennials,” the firm says. “Ease of transaction, increased security and greater user experience are the top tier features that attract customers to biometric banking.”

    AMS sells NFC and RFID reader business to STMicroelectronics

    July 29th, 2016

    PARTNER NEWS: Chip maker AMS has sold its NFC and RFID reader product lines to STMicroelectronics. AMS will continue to retain ownership of its NFC/RFID tag business, including the AS3955 NFC interface chip (NFiC) which AMS unveiled in May 2015. More

    Spanish clothing retailer to roll out QR code payments

    July 28th, 2016

    Customers at stores belonging to Spanish clothing company Inditex will soon be able to use their mobile phone to make in-store payments by scanning a QR code at the terminal via the company’s InWallet mobile payment service. More

    Windows Hello heads to apps and websites

    July 28th, 2016

    Microsoft is to extend its Windows Hello biometric authentication solution into apps and websites via the Microsoft Edge browser. “Beyond the hardware, Windows Hello will also give you instant access to paired apps and protected websites on Microsoft Edge — all while maintaining enterprise-level security,” Microsoft says. The update forms part of the company’s Windows 10 Anniversary Update.

    South Africans to get biometric authentication for card payments

    July 27th, 2016

    The Payments Association of South Africa (PASA) has unveiled a new standardised specification to facilitate biometric authentication on payment cards.  More

    Mobile-only bank goes live in Germany

    July 26th, 2016

    Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions. More

    LTA signs up Mastercard for account-based contactless ticketing in Singapore

    July 26th, 2016

    Singapore’s Land Transport Authority (LTA) has signed a partnership agreement with Mastercard to begin piloting a new account-based ticketing system that will let commuters pay for their train and bus journeys using their existing contactless debit and credit cards. More

    Mastercard planning to become a PSP in China

    July 25th, 2016

    Mastercard is planning to apply to become a payment service provider (PSP) in China this year but is still deciding whether to do so alone or with a partner, according to Reuters. “China in June allowed foreign payment card companies to operate in the country under new rules,” the publication reports. “Under the rules, China’s national security and cyber security standards must be met. Applicants must also hold 1 billion yuan (US$150m) in registered capital in a local company.”

    White paper advises banks on launching Android-based mobile payment services

    July 22nd, 2016

    A 16-page white paper designed to help banks make informed decisions about bringing an Android-based mobile payments service to market is now available to download from the NFC World Knowledge Centre. More

    Motorists rewarded for mobile payments at the pump

    July 21st, 2016

    Motorists using the GC Express gas station in Caro, Michigan, are being offered a free coffee or drink whenever they pay for fuel purchases of US$10 or more with Team One Credit Union’s mobile banking app. More

    More than half of Irish consumers now using contactless

    July 20th, 2016

    More than half of Irish debit and credit card owners (54%) are using contactless payments when purchasing goods and services, research released by payment technology provider BOI Payment Acceptance (BOIPA) reveals, with the average contactless payment standing at €11.33. More

    Marseille gets SMS payments for on-street parking

    July 20th, 2016

    PARTNER NEWS: Motorists in Marseille, France, will soon be able to pay for the time spent in a parking bay by sending an SMS when they enter and another one when they leave, charging the payment to their mobile phone bill. More

    Mahindra Comviva introduces Mobiquity Wallet 2.0

    July 19th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva has released an updated version of Mobiquity Wallet, a digital wallet platform that launched in March 2014 with support for QR codes, Bluetooth, NFC and host card emulation (HCE). More

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