What's New in Payments

IBM patents self-aware cryptocurrency token

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’.”


Consumers call for biometric logins to financial services apps

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).”


What's New in Payments

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


What's New in Payments

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









NFC World

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


NFC World

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





NFC World

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