12 news stories.
• Should UBS be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should UBS be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Residents of Switzerland can now remotely verify their identity when opening an account with Swiss bank UBS by scanning the contactless chip embedded in their biometric passport with their NFC smartphone and confirming their identity with a selfie using face recognition technology... More
Biometric payment cards containing a built-in fingerprint sensor could generate more than US$5bn in global banking revenue and account for 15% of the market by 2026, according to a forecast by analysts at Swiss bank UBS... More
Customers of Swiss bank UBS can now opt for an environmentally friendly credit card made from a corn-based plastic substitute — and will soon be able to apply for a digital-only card that they can start using immediately upon acceptance... More
Fashion watch buyers in Switzerland can now choose from one of a range of four Swatch watches that come with support for SwatchPay... More
Swiss watchdog investigates banks over alleged payments system boycott — Reuters — “Switzerland’s competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS, to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay… ‘There is the suspicion that the companies agreed not to make their credit cards available for use with Apple Pay and Samsung Pay, in order to favor the Swiss solution Twint,’ competition commission Weko said.”
Just one password? Swiss groups plan single online identity — Reuters — “Swiss consumers will be able to use a single digital identity to buy online products and services under a project unveiled on Tuesday by nine big companies. The aim is to let people use just one login profile to order in shops, buy train tickets or do banking transactions, according to the consortium… It includes UBS, Credit Suisse, Swisscom, Swiss Post, stock exchange operator Six, Raiffeisen, Swiss Railways, Zuercher Kantonalbank and insurer Mobiliar.”
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.”
The five largest banks in Switzerland are in talks with financial infrastructure operator SIX and retail giants Coop and Migros over the launch of a common solution for mobile payments “across all channels” that can be “rapidly spread” across the country. More
Shoppers in Switzerland can now make in-store mobile payments using Paymit, the P2P transfer service established by the country’s financial infrastructure operator SIX and telecommunications provider Swisscom... More
Paymit, the P2P transfer service set up by Switzerland’s SIX, UBS and Zürcher Kantonalbank, has added support from three more banks ahead of its launch as an in-store mobile payment solution in February 2016... More
Switzerland’s financial infrastructure operator SIX and telecommunications provider Swisscom have partnered with a number of banks in the country to establish a nationwide mobile payments service that would enable consumers to make in-store mobile payments at retail locations using either NFC, Bluetooth Low Energy (BLE) or a combination of both, SIX has told NFC World... More
Apple will sell 21million units of its much anticipated iWatch in fiscal year 2015, at a cost of US$300 per unit, according to a research note by UBS analyst Steven Milunovich, AppleInsider reports... More