Banks in Singapore are working on a service that would let consumers make payments using their Facebook ID or Twitter username. “The system will allow electronic transfers between account holders who have registered their social media identities with their banks,” The Financial Times reports. “The service will be based on Singapore’s existing internal fund transfer system, known as FAST, which brings together 20 banks to allow near-instant fund transfers.” A pilot is due to take place in early 2017.
- Apple extends GymKit NFC functionality to additional gym equipment market leaders
- NFC testing disruptor Cilab joins the NFC World Partner Program
- Japanese government to adopt iPhone NFC chip reading for citizen ID
- Imperial College develops NFC tag-based freshness detection system to reduce food waste
- European mobile wallets adopt Alipay QR code format to boost payment interoperability