Alibaba challenges Google, Amazon with new Echo-like device

Alibaba challenges Google, Amazon with new Echo-like device — Bloomberg — “Importantly, the gadget — powered by the AliGenie system — may eventually simplify shopping for the Chinese e-commerce giant’s 450 million active buyers who turn to the website for everything from cherries to makeup. It will begin formal sales from August 8 only for China and won’t come with a display.”


Apple tests 3D face scanning to unlock next iPhone

Apple tests 3D face scanning to unlock next iPhone — Bloomberg — “For its redesigned iPhone, set to go on sale later this year, Apple is testing an improved security system that allows users to log in, authenticate payments, and launch secure apps by scanning their face, according to people familiar with the product… The company is also testing eye scanning to augment the system, one of the people said.”


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.”


Jack Ma’s Ant Financial nearly doubles profits amid deal push

Jack Ma’s Ant Financial nearly doubles profits amid deal push — Bloomberg — “The company controlled by Alibaba’s billionaire co-founder Jack Ma racked up an 86% jump in pretax profit to 5.56 billion yuan ($814 million) in the year ended March, according to Bloomberg’s calculations… Since starting as Alipay in 2004, Ant Financial has grown into an online giant that controls more than half of China’s $5.5 trillion mobile payments market.”








Apple Pay goes live in Japan

Apple Pay is now live in Japan, enabling local iPhone and Apple Watch users to make payments in stores and on public transportation services that support the widely used Sony FeliCa-based Japanese NFC payments system... More











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