Purchasers of Google’s new Pixel 8 and Pixel 8 Pro smartphones will be able to make NFC payments using Google Wallet and access other compatible banking and payments apps with their face. ... More
Total global revenues from the provision of digital identity services and technologies, including third-party and civic identity apps, centralised identity schemes and digital ID verification, will exceed US$53bn in 2026 compared with US$26bn in 2021, according to a forecast by Juniper Research... More
Customers at Machsanei Hashuk supermarkets across Israel will soon be able to select and place items they want to buy in a self-checkout “smart cart”, receive personalised recommendations, product information and promotions via an on-cart screen, and pay for their purchases without needing to scan them or use a checkout... More
Customers at a supermarket in the German city of Cologne owned by retail giant Rewe will soon be able to enter the store by scanning a QR code, selecting the items they wish to buy and paying for them from their mobile phone without needing to scan their purchases or use a checkout... More
Customers of Emirates NBD in the Middle East, North Africa and Turkey are the first in the region to be able to verify their identity documents when they open a new account using an NFC-powered solution on the bank’s mobile banking app... More
US supermarket chain Giant Eagle is piloting a checkout-free shopping and payments system that uses a network of cameras and sensors to let customers enter a store, select and place items in their shopping basket as normal, check out from their mobile phone and then simply walk out of the store... More
Sam’s Club files patent for next-level Scan & Go test — Sam’s Club — “With the upcoming test, we’ll enhance the experience with the launch of a technology using computer vision and machine learning. Rather than having to locate the barcode and scan it just right, the camera in the app will identify the product with a simple hover and add it to the member’s shopping list.”
BBVA launches its ‘invisible payments’ strategy — BBVA — “BBVA is already working on developing a facial recognition system to allow users to pick up their food and sit down directly, without needing to make a manual payment, or for anyone to check the user’s identity… The system uses machine learning algorithms through which the machines ‘learn’ to identify both the faces of users and products on the tray in order to make the correct charge on their card.”
AT&T, Sprint, T-Mobile and Verizon unveil next-generation mobile authentication platform details — AT&T — “This highly secure solution will deliver a cryptographically verified phone number and profile data for users of authorized applications with their consent. Authentication security is strengthened by processing unique attributes such as a network verified mobile number, IP address, SIM card attributes, phone number tenure, phone account type and more. In addition, advanced analytics and machine learning capabilities will be used to help assess risk and protect customers. Registered developers will be able to submit applications through a system using private and permissioned blockchain technology to help ensure application integrity.”
Facial recognition on the iPhone 8 will work better than any Android phone — BGR — “Apple’s facial recognition software will incorporate technology from Realface, an Israeli machine learning company with advanced facial recognition software that Apple acquired earlier this year… Realface boasted that the success rate of its facial recognition technology stands at 99.67%.”
Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud — Feedzai — “‘Fraud mitigation tools have not kept pace with today’s mobile-enabled, always-connected consumers,’ said Gilead Kehat EVP human resources and staff of Leumi Card, ‘Feedzai’s agile machine learning platform helps predict and prevent fraud before it impacts our customers.’”
Retailers to lose $71 billion in card-not-present fraud over the next five years — Juniper Research — “The research predicted that three key battlegrounds would emerge in the fight against fraud in 2018. It cited machine learning as a key tool in identifying genuine users, while the shift to mobile ecommerce would rely on 3DS 2.0 and biometrics.”
Meet the Chinese finance giant that’s secretly an AI company — MIT Technology Review — “The smartphone payments business Ant Financial is using computer vision, natural language processing, and mountains of data to reimagine banking, insurance, and more… The company — which already operates a hugely successful smartphone payments business in China — aims to upend many areas of personal finance using machine learning and AI.”
NXP has announced that its Android Things platform now supports the new Google Cloud IoT Core, enabling enterprise and city developers to use NXP’s platform “to help create a smart, interconnected system of devices that are securely managed and provisioned through the Google Cloud”. More
Smart machines incorporating cognitive computing, artificial intelligence and machine learning will enter mainstream adoption by 2021, with 30% adoption by large companies, a report from Gartner says... More
Researchers at the Massachusetts Institute of Technology (MIT) have designed a machine-learning system that appears to have worked out itself a key factor in how the human brain recognises people’s faces... More
Amazon employees in the US are testing a physical grocery store format that will use technology developed for self-driving cars to allow consumers with a dedicated mobile app to walk in, pick up the items they want and leave without going through a traditional checkout... More
Drivers will soon be able to make purchases from within vehicles using their Masterpass account through OnStar — a subscription-based, in-car communications service and General Motors (GM) subsidiary... More