UK bank Natwest has trialled a behavioural biometrics system designed to offer continuous authentication throughout an online banking session, using more than 500 behaviour patterns to identify users and prevent fraud from unauthorised logins and automated attacks... More
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Australian bank branches stop dealing with cash
Six retail branches of Citi bank in Australia are to stop dealing with cash because of falling demand from customers who prefer to manage their money digitally, the Sydney Morning Herald reports... More
Indian mobile wallet ‘ready for 300m users’
Indian mobile wallet provider MobiKwik says it is ready to serve 300m users, up from its current 35m customer base, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes from circulation... More
OCBC bank in local and cross-border blockchain payments trial
Singapore’s OCBC Bank says it has become the first bank in South East Asia to use blockchain technology in national and international payments... More
PwC in digital currency project for everyday banking
Global consultancy firm PwC has joined forces with US blockchain technology outfit Bloq to create a platform allowing digital currencies to be used for everyday banking... More
NFC Forum calls on manufacturers to join NFC Tag Certification Program
The NFC Forum is calling on NFC tag manufacturers to join its new Tag Certification Program, which aims to provide global standards of interoperability with NFC-enabled mobile devices, as well as establishing tag compliance with the NFC Forum’s technical specifications... More
Apple to develop iPhone connected digital glasses?
Apple is looking at developing digital glasses connected wirelessly to a wearer’s iPhone, which would show images and other information in the wearer’s field of vision and may use augmented reality, a report in Bloomberg suggests... More
UK bank celebrates blockchain contactless payments trial
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... More
US Payments Forum to study mobile and contactless payments
The US Payments Forum is creating the Mobile and Contactless Payments Working Committee, to explore mobile and contactless payment opportunities and challenges, identify solutions, and share guidance and best practice... More
Amex cardholders to redeem loyalty points at pharmacy chain
American Express cardholders will soon be able to redeem Membership Rewards points at Rite Aid, the first US pharmacy chain to formalise such a deal with the financial services company... More
IBM in blockchain project with Singapore fintech startup
IBM has announced a blockchain project with Singapore fintech startup KYCK... More
Indonesian mobile wallet joins with blockchain money transfer network
Hong Kong-based blockchain money transfer network OKLink has teamed up with Doku, an Indonesian mobile wallet, to provide customers with cheap, real-time money transfers... More
Top marks for palm-vein biometric solution
Fintech firm Fiserv has collaborated with Gesa Credit Union in the US to introduce palm-vein biometric authentication into Fiserv’s DNA account processing platform — the first palm-vein authentication solution implemented by a US financial institution... More
Global NFC market to reach US$47.43bn
The global NFC market is expected to reach US$47.43bn by 2024, according to a new report by Grand View Research... More
French store uses augmented reality for Christmas shoppers
French department store Galeries Lafayette is using augmented reality to offer Christmas shoppers a virtual Arctic experience telling the story of climate change... More
Fashion brand adds NFC and blockchain for authentic personal clothing
Fashion brand Babyghost has partnered with Chinese blockchain-as-a-service company BitSE and its VeChain project to deliver a range of clothes incorporating NFC tags and verified using blockchain technology... More
Indian bank unveils AI-powered robot helper
India’s first artificial intelligence banking robot has made its debut in a branch of City Union Bank in Chennai, The Times of India reports... More
Banks ‘must consider human weakness’ to improve mobile banking security, report says
Banks must consider the weakness of their own consumers’ behaviours and avoid being distracted by technical vulnerabilities when it comes to improving the security of mobile banking and payments systems, a report by Mobey Forum says... More
Airport launches Android app to deliver offers via iBeacon
Hamad International Airport (HIA) in Qatar has launched an Android version of its mobile app, which uses iBeacon technology to deliver passengers information about special offers at retail outlets, as well as real-time details on flights, baggage claim and location-based services... More
Microsoft in blockchain trial for travel booking website
Australian travel booking website Webjet has teamed up with Microsoft to develop a blockchain proof-of-concept solution for online booking services... More