Viewpost survey reveals 80% of Americans support ‘futuristic’ payment technologies and currencies

Viewpost survey reveals 80% of Americans support ‘futuristic’ payment technologies and currencies — Viewpost — “35% see facial recognition as a key authentication technology for making payments within the next ten years, and 32% of Americans trust facial recognition for securing electronic payments. Retinal scanning and voice control — these advanced biometric methods have gained traction in consumers’ consciousness, with some 31% citing retinal scanning as a viable technology for authenticating payments and 18% seeing themselves using voice control to make payments by 2027.”


Quantum cheques could be a forgery-free way to move money

Quantum cheques could be a forgery-free way to move money — New Scientist — “Say Alice wants to pay Bob using a quantum cheque. She would have to go to the bank, verify her identity and then the bank would issue her with two qubits taken from its central quantum computer. These qubits are inextricably linked to the remaining qubits within the bank’s central computer – a quality known as quantum entanglement. Measuring the state of any one qubit in an entangled system will reveal the state of all qubits within that system. The bank can use this entanglement to verify that its coffers were the origin of a quantum cheque.”



Synthetic fingerprints make plastic particles tiny security keys

Synthetic fingerprints make plastic particles tiny security keys — New Scientist — “Microscopic wrinkles squeezed onto the surface of tiny plastic particles could be used to create security keys that are impossible to duplicate… The particles could be used to verify a person’s identity instead of them using a security card, or their own fingerprint. The particles could also be fixed to a priceless piece of art so people can be sure it’s the real deal.”


Survey finds consumers view contactless shopping as both ‘cool’ and ‘creepy’

Rich Relevance

A survey of consumer attitudes to emerging technologies has found that the majority of both US and European consumers now believe that using fingerprint scanning to pay for purchases is ‘cool’ — but UK and European consumers are divided on the idea of contactless shopping services like Amazon Go, with 40% considering the technology to be ‘cool’ and 31% seeing it as ‘creepy’... More


Macau’s ATMs are using facial recognition to help follow the money

Macau’s ATMs are using facial recognition to help follow the money — Bloomberg — “Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions… China UnionPay Co’s network is the first to use the software, which will be installed in all the city’s 1,200 cash dispensers.”


A biometric ring could replace your passwords, cards and keys

A biometric ring could replace your passwords, cards and keys — Engadget — “With a fingerprint sensor on the inside, it can confirm that you’re the authorized user. Then, you slide on the ring, and an onboard IR optical sensor makes sure the device is still on your finger. As long as you have not taken it off, you can authorize transactions with a tap of your hand… Token transmits the authentication signal over NFC in most situations.”


Square gets green light to take on banks with ‘PIN on glass’ mobile technology

Square gets green light to take on banks with ‘PIN on glass’ mobile technology — Australian Financial Review — “Banks are set to face more competition in the lucrative mobile point of sale technology game as secret trials featuring Twitter founder Jack Dorsey’s payments company Square are set to help credit card companies allow more payments through smartphone screens.”




New BBVA Wallet release provides enhanced functionality and convenience

New BBVA Wallet release provides enhanced functionality and convenience — BBVA Compass — “MLC uses geolocation information being transmitted by a customer’s mobile device as a means of approving debit card transactions for customers when they travel. When a customer enrolls in MLC, the bank is able to know at the time of purchase whether the cardholder’s device is nearby.”





Rise of the technophobe – education key to tech adoption, says HSBC

Rise of the technophobe – education key to tech adoption, says HSBC — HSBC — “The study of more than 12,000 people in 11 countries reveals four in every five people (80%) believe that technology makes their lives easier but less than half (46%) trust fingerprint recognition to replace their password, despite it being recognised to be at least five times more secure and significantly more convenient than traditional passwords.”


Emirates Islamic is first Islamic bank to integrate blockchain technology into cheques

Emirates Islamic is first Islamic bank to integrate blockchain technology into cheques — Emirates Islamic — “Emirates Islamic will issue new cheque books carrying a unique QR (Quick Response) code on every leaf, along with a string of 20 random characters… In the next phase of the Cheque Chain project, the bank will have each cheque leaf registered on the Bank’s blockchain platform enabling it to validate the authenticity of the cheque at source.”



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