“In Canada, Service Credit Union customers can now upload their payment cards to the platform, while China Construction Bank has enabled the service for its Mastercard and Visa cardholders.” A bunch of banks and credit unions have been added to the roster of institutions supporting Apple’s biometrically secured mobile payments platform. Thirty-six of them are…
With the fingerprint scanning Touch ID system missing from the iPhone X, Apple has posted a new video tutorial on its YouTube channel showing users how to make purchases with Apple Pay. On other recent iPhone models, including this autumn’s iPhone 8, Touch ID remains an important part of the Apple Pay transaction process. It’s…
A new report is claiming that Apple has compromised the security of its facial recognition system for the iPhone X – and Apple is flatly denying it. The Bloomberg report appears to be based a single anonymous source with knowledge of Apple’s production process, who asserts that Apple “relaxed some of the specification for Face…
Apple has created quite a stir with its unveiling of the iPhone X, and not least because of its Face ID facial recognition system. Together with Apple’s framing of the issue, and the media response it has provoked, casual observers might be led to believe it’s a revolutionary new technology. But facial recognition in general…
The new facial recognition system on Apple’s iPhone X is generating a lot of buzz, but a sizeable proportion of iOS users are skeptical about whether they would actually use it, according to new survey findings from Juniper Research’s new report, “Consumer Attitudes to Mobile Banking & Contactless Payments”. Polling a thousand smartphone users evenly…
Apple Pay’s forthcoming peer-to-peer payment system will require users to scan an ID card in order to set it up, suggest newly discovered lines of code in the iOS 11 beta. Apple confirmed that it was working on a P2P payments service for its Messages app in June. The service is meant to essentially let…
Another dive into Apple’s HomePod code has turned up a new pearl: Apple appears to be bringing facial recognition to Apple Pay. The new findings come immediately after the revelation that lines of code for the firmware of HomePod, Apple’s forthcoming smart home hub device, appear to refer to an infrared facial recognition capability in…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Banking With a Selfie in Argentina ICBC, the largest bank in the world by asset volume, recently embraced facial recognition based security at its Argentinian subsidiary. The biometric security comes via…
“Weiss alleges that in 2010 he approached both companies regarding 13 patents he held, at least some of which pertained to smartphone-based biometric authentication and the use of one-time tokens in financial transactions.” A Massachusetts-based company called Universal Secure Registry is suing both Apple and Visa for alleged patent infringement related to Apple Pay, Apple’s…
Western Union has enabled Apple Pay for money transfers. It’s a reflection of the growing popularity of the mobile channel. In a statement announcing the new functionality, Western Union SVP Khalid Fellahi noted that 60 percent of all of the company’s money transfers are now performed through mobile devices; as such, in enabling Apple Pay…
Apple has extended support for its biometrically secured wallet among financial institutions in the US, China, and Australia. Apple Pay got its biggest additional boost in the US, with a number of banks and credit unions coming on board, including names like Barksdale Federal Credit Union and Lyons National Bank. Santander also found its way…
Apple Pay has launched in Ireland, making it the 14th country in which Apple’s biometrically secured mPayment service is available. It arrived with the support of Ulster Bank and KBC, as well as the Boon app, which lets users pay with Apple Pay using digital prepaid cards. Merchant partners include Applegreen, Centra, Guinness Storehouse, and…
Taiwan’s financial regulator, the Financial Supervisory Commission, has granted approval to seven major banks to offer Apple Pay – Apple’s biometrically secured mobile wallet – to their customers, paving the way for the service to launch in the state. The banks concerned are Union Bank of Taiwan, First Commercial Bank, CTBC Bank, Taishin International Bank,…
ING Direct and Macquarie are embracing Apple Pay in Australia, with the financial services organizations joining ANZ Bank in supporting the digital payment platform while the country’s major banks continue to resist its emergence. The firms evidently see an opportunity to get a competitive edge in the Australian market. As Reuters reports, each organization holds only…
Having made a pioneering entry into the China market close to the start of 2016, Apple Pay is closing out the year with new bank support in the country. Fourteen new China-based financial services supporters have been announced, from ChengDu Rural Commercial Bank to HSBC. Apple Pay made its start in the country this past…
Online accounting software provider Xero has enabled Apple Pay for its customers, allowing them to pay invoices via fingerprint scan. With the integration, Apple Pay will now automatically appear as a payment option on invoices from Xero customers using Stripe as their payment service. That means customers who opt to use the mPayment platform won’t…
Banco Santander has now enabled Apple Pay support in Spain. In so doing, it holds claim to being the first Spanish financial institution to offer Apple’s mPayment platform. It actually enabled Apple Pay in the UK last year, and offered support to rival mPayment platform Android Pay toward the end of this past summer. It…
Apple Pay’s base of support in Russia has dramatically expanded today, letting more Russians order products and services through their iPhones and verifying them with secure Touch ID fingerprint recognition. While the mPayment platform launched in the country almost a month ago, it was supported at launch only by Sberbank and Mastercard. Now, as MacRumors…
Apple Pay has gone live in Japan, albeit with some hiccups. While the platform’s pioneering use of Touch ID fingerprint scanning to confirm transactions has helped to popularize the ease of use of mPayments for increasing numbers of customers around the world, compatibility issues with IT infrastructure from partner JR East has caused some difficulty…