19 news stories.
• Should IBM be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should IBM be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
IBM awarded patent for ‘self-aware token’ — Coindesk — “The patent outlines a ledger-based payments system that could make it easier for individual users, businesses and governments to track and trace transactions made using a cryptocurrency. Dubbed the ‘self-aware token’, it is designed to record all transaction data when not being used on a payments platform IBM patented in 2012. When the token rejoins the platform ecosystem at a later stage, it automatically uploads data from any ‘off-line transactions’.”
IBM Future of Identity study: Millennials poised to disrupt authentication landscape — IBM — “Security was vastly ranked as the top priority for banking, investing, and budgeting apps — for these categories on average 70% selected security as the top priority, with 16% selecting privacy, and 14% selecting convenience… 44% ranked fingerprint biometrics as one of the most secure methods of authentication; passwords and PINs were seen as less secure (27% and 12% respectively).”
Secure payments ‘on the go’ with blockchain technology from ZF, UBS and IBM — IBM — “Auto manufacturers, technology companies, suppliers and mobility service providers are all driving the development of driverless cars. To support autonomous driving, however, these vehicles require a digital agent that can independently carry out tasks and authorize payments without the owner or user having to be active themselves.”
A blockchain-based digital identity network that will let Canadians verify their identity to organisations of their choice and access services such as new bank accounts, driving licenses or utilities using a mobile app is now undergoing testing ahead of a planned launch later this year. The service is backed by a group of Canadian banks that includes BMO, CIBC, Desjardins, RBC, Scotiabank and TD. More
IBM is to integrate Visa Token Service into its Watson IoT cognitive technology platform to enable payments to be embedded into “any device connected to the Internet of Things (IoT)”, with all of IBM’s Watson IoT Platform customers gaining access to Visa payment services via IBM’s cloud service — rather than businesses needing to be approached on a one-by-one basis... More
PARTNER NEWS: Carta Worldwide is preparing to welcome leaders from across the payments and financial technology industry to the first Mobey Day in North America, to be held at the Four Seasons Hotel in Toronto from 7-8 December... More
IBM has announced a blockchain project with Singapore fintech startup KYCK... More
Drivers will soon be able to make purchases from within vehicles using their Masterpass account through OnStar — a subscription-based, in-car communications service and General Motors (GM) subsidiary... More
Canadian debit network Interac has unveiled its own token generation and management service that will enable financial institutions, merchants and its partners to build and manage secure digital payment experiences with support for tokenized digital debit transactions on any device or mobile wallet... More
IBM and Monitise have formed a strategic alliance designed to help financial institutions deliver cloud-based mobile banking, payments and commerce solutions to their customers... More
MeaWallet, a white label solution that supports mobile payments via NFC, Bluetooth LE, host card emulation (HCE), QR and more, is to be launched in May this year, enabling retailers, banks, MNOs and service providers to support a wide range of options for making mobile purchases in stores ... More
Computer giant IBM has added a two factor authentication solution to its IBM Worklight mobile app platform, providing “an extra layer of security when using an NFC-enabled device and a contactless smart card to conduct mobile transactions.”... More
A newly published patent application shows that Apple has been working on ways to combine the fingerprint verification technology it acquired in July 2012 with NFC — and may also be eyeing a variation of NFC that uses “body coupled communications”... More
The computer giant has partnered with Russia’s Skolkovo Foundation to create a Science and Technology Center that will work on intelligent operations, technology for the oil and gas industry and on “the creation of security-rich and customizable mobile payment transactions for use across a number of industries including telco, retail and banking.” More
AT&T, Verizon Wireless and T-Mobile USA have hired Michael Abbott, the chief marketing officer for General Electrics’ GE Capital card business, as the chief executive of their NFC-based US mobile payments venture, according to the Wall Street Journal... More
Plans at Metro Bank, the first new retail bank to be launched in the UK for more than a hundred years, include the provision of contactless stickers that customers could attach to their mobile phones to make payments at the point of sale, according to Computerworld... More
Bank of America will begin a field trial next month in partnership with Visa that will enable customers to use their smartphones to pay for purchases in stores, according to a Reuters news report... More
The mobile network operator has partnered with card issuers, airlines, a cinema chain, a car manufacturer and others to run a series of tests of NFC standard technology and aims to introduce NFC services “in the near future”. More
TechIPm, a research and consulting firm specializing in technology and intellectual property mining, has carried out an analysis of the strength of the patent portfolios held by companies in the NFC market... More