US Bank to use phone location data to authorize transactions

US Bank adds opt-in location services to mobile app, making life on the go more flexible during the holidays — US Bank — “US Bank has added location services to the US Bank Mobile App, offering US Bank Visa credit and debit card customers technology that uses their phones’ location to help verify whether their mobile devices and credit or debit card are in the same location. By using the mobile device’s location in the authorization decision, US Bank can help give consumers the confidence that their transactions will be approved, minimizing disruptions and further reducing the risk of fraud.”


Drones relay RFID signals for inventory control

Drones relay RFID signals for inventory control — MIT — “MIT researchers have now developed a system that enables small, safe, aerial drones to read RFID tags from tens of meters away while identifying the tags’ locations with an average error of about 19 centimeters. The researchers envision that the system could be used in large warehouses for both continuous monitoring, to prevent inventory mismatches, and location of individual items, so that employees can rapidly and reliably meet customer requests.”



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.”







Android Pay preps new features

Android Pay is set to launch streamlined loyalty programme signups, Transport for London (TfL) ticket purchase integration and a function that allows users to discover which nearby stores accept the mobile payment service, a code analysis of the latest version of the mobile app by Android Police has revealed... More









Visa adds mobile location checking

Visa has launched Visa Mobile Location Confirmation, a service that works through a participating bank’s mobile banking app to determine whether a payment request is legitimate or not by matching a phone’s location to the location of a payment transaction... More



Revolution Money founder raises funds for location-based marketing venture

Hangit's Jason Hogg

Jason Hogg, founder and former CEO of Revolution Money and a co-inventor of the technology behind American Express’ Serve and Bluebird services, has raised US$6.2m for Hangit, a location-based messaging platform that, he told NFC World+, aims to give small merchants “the same skills and capabilities a large retailer would have with their marketing platforms.”... More


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