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    Archive: Technology

    Spanish bank offers ‘selfie’ service to open account

    November 9th, 2016

    BBVA bank is offering new customers in Spain the chance to open an account with them using their mobile phone, with identity verified using face recognition and video calls. The remote registration service sees the bank check ‘selfie’ images against a photo ID before a bank representative verifies the new customer’s identity through a video conference call. BBVA has also signed a memorandum of understanding to use Salesforce’s cloud computing services to become “a more flexible and scalable digital bank”.

    US bank app allows ability to dispute charges

    November 9th, 2016

    Citi credit card owners can now dispute charges within the bank’s iPhone app in the US. Customers can use the app to dispute damaged items, returned goods or duplicate charges, among others. Once the dispute is submitted, they will be notified via the app that Citi is taking action, the status of the case and what to expect next. Citi has also extended the app to allow customers to increase their credit limit, view recurring charges and enrol for paperless statements.

    PKO Bank Polski customers get Trusted Profiles to access government services using banking ID

    November 9th, 2016

    Some 35,000 customers of Polish bank PKO Bank Polski have created Trusted Profiles which allow them to log in to government services, file an application for an ID card or driving licence, obtain a criminal… More

    Brain biometrics study gets $900,000 grant

    November 9th, 2016

    Binghamton University in the US has been awarded US$900,000 to continue investigations into the next-generation of brain biometric technology. The four-year project, ‘Brain Hacking: Assessing psychological and computational vulnerabilities in brain-based biometrics’, will examine the strengths of weaknesses for cyberspace security of identifying a person by measuring their brainprint – the brain’s response to different stimuli.

    Cartes Bancaires certifies OT’s dynamic code cards

    November 8th, 2016

    French bank card association Cartes Bancaires has issued certification for a dynamic security code payment card developed by Oberthur Technologies. The OT Motion Code cards replace the three-figure security code on the back of plastic cards with a mini-screen displaying a code which automatically changes periodically to make online payments more secure. The cards were trialled by BNP Paribas in October 2015, following an initial trial conducted by French bank BPCE.

    Half of global banking customers use fintech services, but trust remains low

    November 4th, 2016

    Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in… More

    SIMalliance transfers Open Mobile API to GlobalPlatform

    November 4th, 2016

    Trade association SIMalliance is transferring ownership of its Open Mobile API (OMAPI) specification to standards body GlobalPlatform. “The OMAPI Specification defines how mobile applications may access different secure elements (SEs), including the UICC and embedded secure elements (eSEs) in a mobile device,” SIMalliance says. “This most recent move by SIMalliance will ensure that the technical specification continues to evolve in line with the wider secure chip ecosystem.”

    NEC aims for face recognition for payments by late 2017

    November 4th, 2016

    Japanese IT giant NEC is holding trials with banks and credit card companies to deploy facial recognition systems for payments, IT Wire reports. Such systems could be in public use by late 2017. Dr Hitoshi Imaoka from NEC told visitors to the iExpo exhibition in Tokyo there were still problems of accuracy to be overcome, including how to use the technology as people age.

    Nokia in ‘world-first’ NB-IoT trial over 4G network

    November 3rd, 2016

    Nokia and Finnish telecommunications company Sonera have successfully completed a trial using NB-IoT (Narrowband Internet of Things) technology over a commercial 4G mobile network. Information on temperature, humidity and air pressure was shared over Sonera’s 4G network in Helsinki, while a roaming device was also connected. In what is described as a “world first demonstration”, the trial showed how NB-IoT technology — which can enable billions of IoT devices to be connected — could allow companies to track mobile assets.

    LG unveils front-facing camera with built-in iris scanner

    November 2nd, 2016

    LG Innotek has unveiled an all-in-one module that functions as both a front-facing camera as well as an iris scanner which could be built into LG smartphones scheduled to launch next year, Korean publication Digital Times reports. It is not confirmed whether or not the module will be integrated into the company’s forthcoming LG G6 flagship smartphone, expected to be unveiled in spring 2017.

    Mastercard adds blockchain APIs to developer site

    November 2nd, 2016

    Mastercard has added blockchain APIs to its developer site to “facilitate new commerce opportunities for the digital transfer of value”, following Visa’s announcement last month it aims to pilot its B2B Connect system next year… More

    Sensitive drugs at Polish hospital kept safe using NFC temperature data tags

    November 2nd, 2016

    A Polish hospital is using isothermal boxes fitted with NFC data loggers provided by French-Polish startup firm Blulog to measure and record the temperature of vital drugs as they are transported between laboratories and medical… More

    Toyota to pilot BLE car-sharing device to unlock doors with mobile app

    November 1st, 2016

    Drivers may soon be able to lock and unlock car doors and start vehicle engines using their smartphone and a Smart Key Box (SKB) unveiled by Toyota that uses Bluetooth Low Energy (BLE). The device… More

    Apple unveils new MacBook Pro with Touch ID integration for Apple Pay payments

    October 28th, 2016

    Apple has unveiled a new version of its MacBook Pro, including Touch ID to allow owners to make secure payments with Apple Pay from their laptop, as well as unlocking the machine and switching user… More

    UK consumers eye up iris scanning for banking biometrics

    October 27th, 2016

    Iris scanning technology has overtaken fingerprinting as the biometric security measure most UK consumers would consider using, with more than a third saying they would be more likely to use a bank that offers biometric… More

    NFC to lead sharp rise in global smart packaging market

    October 27th, 2016

    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. NFC is projected to be the fastest-growing segment, registering a compound annual growth rate (CAGR) of more than 12% in the next eight years. Rising need for smart packaging products in electronics and automotive industries in Asia Pacific and the Middle East in particular is expected to fuel the growth.

    Bank of America adds AI to mobile app

    October 25th, 2016

    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. ‘Erica’ was unveiled at Money2020 this week and will “help customers do things like make payments, check balances, save money and pay down debt,” CNBC reports.

    Mastercard to roll out biometric ID service in North America

    October 25th, 2016

    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. Identity Check Mobile was soft launched earlier this year, and uses fingerprint and facial recognition to verify a cardholder’s identity. “Moving this technology beyond the pilot phase is a significant milestone in the evolution of payments,” says Ajay Bhalla from Mastercard. The service was rolled out in 12 European countries earlier this month.

    Mastercard to launch artificial intelligence bots for banks and merchants

    October 25th, 2016

    Mastercard has unveiled plans to launch artificial intelligence (AI) bots for its merchant and bank partners, allowing consumers to use chat, messaging and natural language interfaces to shop and manage their finances. Mastercard KAI, the… More

    US banks told to improve cyber security

    October 24th, 2016

    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. Leading banks will be expected to use the most sophisticated anti-hacking tools on the market and to be able to recover from any attack within two hours. Banks with assets of at least US$50bn must satisfy new rules that will be finalized “in the months ahead”.

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