UBS backs Car eWallet project that lets vehicles make their own payments

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.”


Canadian banks to test blockchain digital identity network for consumers

Canadian flag

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’s Watson integrates Visa Token Service to enable tokenized payments on connected devices

IBM Visa

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






IBM partners with Monitise

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




Apple patent reignites iPhone NFC hopes

The iPhone's new home button?

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


IBM to develop NFC payments solutions in Moscow

IBM

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





KDDI to run multiple NFC tests in Japan

KDDI logo

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



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