PARTNER NEWS: Digital security giant Gemalto’s embedded secure element (eSE) solution is to be integrated into Samsung Galaxy S8 devices to support the deployment of Samsung Pay — including for transit and ticketing services — in select markets. More
Security
Contactless proving popular with UK over 50s
Almost 12m UK consumers aged over 50 are actively using contactless payments today, with one in five doing so up to three times a week, research released by Saga Money reveals... More
Hyundai builds car with contactless payments for Stand Up To Cancer donations
UK consumers will soon be able to make contactless donations to the Stand Up To Cancer charity by tapping their contactless card or NFC mobile phone against five payment points built into a Contactless Car designed by Hyundai Motor UK using a zero-emission Ioniq electronic vehicle. More
UK consumers show concerns over new payment methods
Almost four in five UK consumers (77%) have concerns about using new payment methods, research released by law firm Paul Hastings reveals, with risk of fraud cited as the main reason by 59%, followed by data security incidents (49%) and risk of theft (45%)... More
Gemalto completes 3M biometrics acquisition
PARTNER NEWS: Digital security giant Gemalto has completed the acquisition of 3M’s Identity Management Business, adding biometric technologies to its Government Programs offering... More
Frost & Sullivan explains how the blockchain is set to change the payments ecosystem
Financial services will be “strongly impacted” by the rise of blockchain technology and the payment ecosystem as a whole will be the most interesting vertical to target for early blockchain technology successes — but the road to this success is long, says Frost & Sullivan’s global program director. More
Guide introduces how Android Pay works
PARTNER NEWS: A seven-page guide that explores how Google’s Android Pay mobile payments platform works and why the service is beneficial to both consumers and banks is now available to download from the NFC World Knowledge Centre... More
Samsung Pay launches in Sweden and the UAE, enters early access in Hong Kong and Switzerland
Samsung Pay has expanded to four additional markets with official launches in Sweden and the United Arab Emirates (UAE) and early access launches in Hong Kong and Switzerland. The service has also been made available on Samsung’s Gear S3 smartwatch in Russia, Sweden and the UAE in addition to its availability on the Gear S3 in the US, Singapore and Australia. More
Visa EMV transactions pass 1bn in the US
US consumers made more than one billion Visa chip transactions for the first time in March 2017, an increase of 330% compared to a year previous... More
Orange to launch mobile-only bank with NFC payments and AI
Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. More
NXP and GCL Technologies offer NFC tamper evident closure solution for wine and spirits brands
PARTNER NEWS: Guala Closures Group, a world leader in security closures, has teamed up with NXP to introduce an NFC-based tamper evident closure solution for the wine and spirits industry that is designed to protect brands, enable advanced anti-counterfeiting and tamper-proofing and enable brand owners to make VIP offers, loyalty rewards and more available to customers through a tap of their NFC mobile device. More
Mastercard tests biometric payments card in South Africa
Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More
Kiwi millennials want biometrics for payments
Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals... More
Lloyds to trial biometrics for online banking
Customers of Lloyds Banking Group across the UK will soon be able to log into their online banking accounts using fingerprint or facial recognition through Microsoft’s Windows Hello biometric authentication technology. The banking group is to trial the solution with Lloyds Bank, Halifax and Bank of Scotland customers with Windows 10 devices in the second half of this year. More
Visa and American Express to strengthen security for stolen contactless cards
Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those who cancel their cards are protected against contactless fraud. More
Samsung Pay expands on online payments plan
Samsung Pay will be available for online payments at “hundreds of thousands of merchants around the world” where Visa Checkout is accepted later this year. The news follows an announcement by the company’s Justin Denison at Samsung Unpacked 2017 last week that the service was heading online through “strategic partnerships”. More
UK regulator calls for banks to tighten cancellation processes for stolen contactless cards
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
Apple details Touch ID and PC-to-phone payment security features
A new security white paper on Apple’s iOS 10 provides details about security improvements made to Touch ID as well as insight into the security infrastructure behind a feature of the operating system that makes it possible for developers to enable Apple Pay users to start a payment on a computer and finish it on their phone, Techcrunch reports... More
Samsung reveals S8 with multi-biometrics, Samsung Pay reaches quarter of a billion transactions and adds online payments
Samsung has unveiled its latest Galaxy S8 and S8 Plus flagship devices, with support for iris and facial recognition technology and a fingerprint sensor which is now located on the back of the phone. Samsung Pass deals with major banks, an expansion of Samsung Pay to include online payments and details of its Bixby virtual assistant have also been announced. More
NXP adds new NFC chips and sensors to secure the Internet of Things
PARTNER NEWS: NXP has unveiled two new NFC chips and a range of NFC offerings designed to “capitalise on the inherent security and interactive capabilities of NFC for advanced product authentication, integrity assurance and enhanced user engagement across consumer manufactured goods, healthcare, retail and other industries”. More