India’s Yes Bank is to integrate ToneTag’s sound-based contactless payments system into its Yes Pay mobile wallet, The Economic Times reports... More
Archive: News in brief
LG to develop its own MST technology?
LG Electronics is working on an alternative to Samsung’s proprietary Magnetic Secure Transmission (MST) technology for mobile payments, Android Authority reports... More
Samsung Pay set to go live in Canada?
Samsung Pay could be launched in Canada “from the first week of November 2016”, Android Central reports... More
NFC to lead sharp rise in global smart packaging market
The global smart packaging market is expected to reach US$26.7bn by 2024, according to a new report from market research firm Grand View Research... More
New MacBook Pro to support Touch ID?
Alleged leaked images of Apple’s new MacBook Pro show it will come with an OLED touch panel to support Touch ID, MacRumours reports... More
Federal Reserve calls for industry input on payments security
A task force set up by the Federal Reserve is calling on the payment and banking industry for comments on its efforts to enhance payment identity management, data protection and information sharing related to payments risk and fraud... More
Bell ID’s TSP to help Japan Apple Pay integration
PARTNER NEWS: Rambus Bell ID’s token service provider (TSP) service is being used by IBM Japan to support Japanese banks’ integration with Apple Pay, which went live in the country this week... More
EMVCo adds biometrics to 3-D Secure
An update to the EMV 3-D Secure specification means both biometrics and one-time passcodes can now be used to add security to card-not-present transactions... More
Bank of America adds AI to mobile app
A digital assistant that makes use of artificial intelligence, predictive analytics and cognitive messaging is to be built into Bank of America’s mobile app from next year... More
Mastercard to roll out biometric ID service in North America
Mastercard will launch its biometric identity verification system across North America in the first half of 2017, with Canadian bank BMO Financial Group the first to offer the service to its corporate customers... More
PayPal to be payment option in Messenger app
Online payments firm PayPal is to extend its relationship with Facebook and Messenger, becoming a payment option within the messaging app... More
App users positive on mobile payments
Consumers like the majority of mobile payment apps on the market and expectations of digital banking and payments are rising, according to a survey of user reviews of America’s flagship apps... More
Partnership deal for contactless payment wearables
Mastercard has announced a partnership with wearable payments platform provider Fit Pay to bring contactless payments to wearables and internet of things devices... More
Alipay targets 2bn global users
Chinese mobile payments giant Alipay is targeting 2bn users globally in the next decade, the company’s Douglas Feagin has revealed at Money20/20 in Las Vegas... More
Alipay gains acceptance in US and Europe
Chinese mobile payments giant Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone... More
Blockchain authentication for mobile transactions
South Korea’s KB Kookmin Card is working with Bitcoin exchange service startup Coinplug to release a blockchain-based personal authentication service for mobile transactions next month, Pulse reports... More
Delhi commuters to get wearable travel cards
Delhi Metro Rail Corporation (DMRC) is to release wearable travel smart cards from next month, The Hindu reports... More
US banks unveil money-transfer app
America’s biggest banks have launched a money-transfer app to compete with PayPal, Venmo and Square Cash, Reuters reports... More
US banks told to improve cyber security
Bank regulators in the US have outlined cyber security standards designed to protect financial markets and consumers from online attacks against the nation’s financial firms, Reuters reports... More
Face recognition ticketing system unveiled
Singapore-based ST Electronics is developing a transport ticketing system that uses facial recognition technology to recognise and charge commuters as they pass through fare gates... More