More than 17m users of Indian mobile wallet service MobiKwik will be able to make in-store payments at 55 WHSmith India stationery and book stores, the first time the service has been available for payments in physical locations... More
One time password (OTP)
Korea shifts to NFC authentication for mobile banking
Korean financial institutions are to offer streamlined NFC authentication for mobile banking transactions starting from as soon as the first half of 2015, according to local media reports... More
Payments security survey finds NFC and HCE are now top priorities
Seven in ten (71%) US IT operations, security, and electronic deployment professionals consider NFC to be essential or very important to their organization’s security, a survey by Ponemon Institute for HP Atalla has found, with host card emulation (HCE) following closely behind at 68%... More
MasterCard and Visa to create new security standard to replace passwords for online payments
MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range of biometric technologies... More
CBD launches bank branch in Facebook
Commercial Bank of Dubai (CBD) has launched a virtual bank branch for Facebook, letting its online banking customers check balances, pay credit card bills, transfer money between accounts and track expenses from within the social network... More
Kotak launches P2P payments for Facebook
Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list... More
Edgetech to offer acoustic mobile payments in Zimbabwe
Zimbabwe-based banking solutions provider Edgetech Solutions is preparing to launch a new mobile payment service that uses sound-based communication technology from NearBytes to let people make payments in stores with their phones... More
IBM launches two-factor authentication for NFC devices
Computer giant IBM has added a two factor authentication solution to its IBM Worklight mobile app platform, providing “an extra layer of security when using an NFC-enabled device and a contactless smart card to conduct mobile transactions.”... More
Google and NXP join Fido Alliance to develop secure authentication standards
Momentum is building for Fido, an open security authentication concept that aims to allow users to replace passwords with a range of authentication methods, including NFC and biometrics. Both Google and NXP have now signed up to the project, alongside founder members that include PayPal and Lenovo. More
Call for contributions: New report on mobile payments and the future of merchant transaction fees
The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated — and we’d like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale. More
NFC phones and tablets with fingerprint security protection “expected later this year”
A new fingerprint sensor from Authentec is now being designed into a number of new devices so that NFC phone users can add an extra layer of protection to their mobile wallets, the company says. More
Yubico introduces one-time password token that secures access to the contents of NFC phones
The online identity protection specialist, which has more than one million users in 100 countries, has developed a new version of its YubiKey device that can be used to lock and unlock access to applications and data stored on NFC phones. More