Worldpay shows how delivery drones could make use of contactless payments

Drone delivery ready to take off in the UK — Worldpay — “Worldpay’s Drone Pay proof-of-concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person at the right address. This technology is embedded into a drone landing pad, which is issued to the customer in the form of a doormat. When the drone lands to drop off the package, the card details stored within the doormat are read automatically. If the information matches that of the correct recipient, the parcel is released.”


Spanish banks to build blockchain customer identity verification platform

The Niuron banking consortium will develop a platform to verify the digital identity of clients — Europa Press (translation) — “For banks, the benefits of this platform translate into an increase in speed, cost savings, reduction of fraud, reduction of operational risk and improvement of the prevention of money laundering. The client, on the other hand, decreases the time necessary during a registration process and has control and sovereignty over their personal data, thus improving their experience.”


Korean banks to launch blockchain identity platform

Banks plan blockchain ID system — Korea JoongAng Daily — “According to the Korea Federation of Banks (KFB), which represents major commercial banks in Korea, ‘BankSign’, a blockchain-based identity verification program, will officially be launched in July… ‘While BankSign will start off by providing the service in the banking sector, we will work with the government and other public organizations to expand its usage,’ said the KFB spokesperson.”


Chinese province uses Alipay QR codes for citizen ID

China to launch e-ID cards for citizens via phone QR codes — Asia Times — “China requires its citizens to produce ID cards for verification when checking in at a hotel, boarding a train or plane or accessing government services. Now with the e-ID card, a user can just tap an Alipay app to show their QR code for similar verification, while leaving their wallet or physical card at home.”



Millennials back biometrics and AI for payments

Millenials driving demand for AI and biometric security — Vocalink — “77% of millennials thought that new AI technologies such as virtual assistants and hands-free speakers like Amazon Echo and Google Home are appealing as payment devices. In addition, 28% of millennials have used fingerprint technologies to verify payments and 35% of the group now believes that fingerprint technology is the most secure method of verification followed by iris scanning at 22%.”


UK supermarkets to test face recognition for proof-of-age at self-checkout tills

Supermarket self-service tills replace ID checks with facial recognition — The Telegraph — “The technology will be used to remove in-person age checks when customers are buying alcohol and other age restricted items… Using Yoti at a self service till would involve a QR code showing up on the checkout screen, which could be scanned by the app. The Yoti app would then scan the shopper’s face to confirm their identity, and would then connect to the till over the internet to verify the purchase.”


Mastercard applies for blockchain ‘instantaneous payment’ patent

Method and system for instantaneous payment using recorded guarantees — USPTO — “The present disclosure relates to the use of recorded guarantees for payment transactions for verification by acquiring institutions to facilitate instantaneous payment to a merchant involved in the payment transaction, specifically the use of a blockchain or other third party network for verification of a guarantee associated with the payment transaction.”


Canadian banks, carriers and government back blockchain-based digital IDs

Forget iris scans, Canadians to use blockchain for digital IDs — Bloomberg — “Soon Canadians will be able to verify personal information for everything from driver’s licenses to banking using mobile phones and blockchain… Canada’s six largest lenders, including Toronto-Dominion Bank and Royal Bank of Canada invested C$30m (US$24m) in the project. The country’s three main wireless carriers — owned by Rogers Communications Inc, Telus Corp and BCE Inc — are also involved through their EnStream venture, along with a number of provincial governments.”



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.”




Nets rolls out preventative fraud service to protect online consumers across the Nordics

Nets rolls out preventative fraud service to protect online consumers across the Nordics — Nets — “The service is designed to mitigate two high growth instances of online fraud: ‘too good to be true’ clickbait offers and unsolicited direct debits, and works by continuously analysing data collected from card disputes to proactively identify and block transaction requests between consumers and fraudulent merchants.”



Makati launches digital payments card for gov’t transactions, purchases

Makati launches digital payments card for gov’t transactions, purchases — Rappler — “The Makatizen Card, launched by the city government in partnership with Globe and iBayad, functions as an ATM card and a valid government ID… It comes with a near-field communication (NFC) feature that allows city offices equipped with iBayad machine readers to verify the identity of residents and city government employees.”


NEC earbuds showcase hands-free biometric verification

NEC earbuds showcase hands-free biometric verification — New Atlas — “The new prototype earbuds are an application of NEC’s “hearable device user authentication technology”… NEC says the technology can identify the user within one second and with “greater than 99% accuracy”. Unlike biometrics based on the iris recognition or fingerprints, you don’t need to hold or look at your phone to use it.”


One in four banks find it difficult to verify the identity of online banking customers

One in four banks find it difficult to verify the identity of online banking customers — Kaspersky Lab — “According to the research, in 2016, 30% of banks have had security incidents affecting banking services delivered via the internet — with phishing against customers, and using customer credentials for fraudulent activities, as the top contributing factor leading to the attacks.”



Mastercard tests biometric payments card in South Africa

Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More


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