Apple Pay

Apple Card Purchases Authenticated with Touch ID or Face ID Biometrics

Apple Card Purchases Authenticated with Touch ID or Face ID Biometrics

“A titanium physical card will also be available for shopping in stores, but the card won’t feature a card number, CVV, signature, or even an expiry date – all of that information will need to be accessed from the iPhone.” The rumors were true: Among its other announcements this week, Apple has unveiled a new…

Romania Gets Its First Biometric Payment System Thanks to Wirecard and Oney Bank

Romania Gets Its First Biometric Payment System Thanks to Wirecard and Oney Bank

Romania is getting its first biometric payment system thanks to a new partnership between Wirecard and Oney Bank. The two organizations will collaborate on Well.com, a mobile app that will allow customers to use their fingerprints or a QR code to authorize payments in Auchan Retail stores throughout the country. “Payment methods are continuously improving…

Face Scanning iPhones a Big Hit as Apple Reports Record Revenues

Face Scanning iPhones a Big Hit as Apple Reports Record Revenues

“There are also signs that Apple is seeing more of a return on its Apple Pay mobile payments service…” Apple’s face-scanning new iPhones are a big hit, if its latest quarterly update offers any indication: Revenues are up 20 percent, year-over-year. The figure itself for those quarterly revenues is a stunner: $62.9 billion. And while…

July Member Meeting of the U.S. Payments Forum to Feature Biometics

July Member Meeting of the U.S. Payments Forum to Feature Biometics

Biometrics and other innovative methods of authentication will be a key topic at the July Member Meeting of the U.S. Payments Forum, a non-profit cross-industry alliance that encompasses the whole payments ecosystem. Organizers have announced the agenda for this year’s event, and it’s going to kick off with a plenary panel entitled, “Next Generation Consumer…

JCB Now Supports Apple Pay in Taiwan

JCB Now Supports Apple Pay in Taiwan

“The move comes soon after JCB enabled Google Pay in its home country, reflecting the company’s growing interest in novel payment technologies.” Japanese credit card company JCB is now supporting Apple Pay in Taiwan, the company has announced. JCB’s support in Taiwan comes in partnership with E.SUN Bank and Union Bank of Taiwan, with Taiwan…

Apple Pay Brings Biometric Payments to Norway

Apple Pay Brings Biometric Payments to Norway

Apple Pay has made it to Norway, launching in the country with the support of Nordea Bank, Santander Bank and Sbanken. The banks are allowing customers to upload their Mastercard, Visa, and debit cards to Apple’s biometrically secured mobile payments platform. Meanwhile, Danish merchant acquirer Clearhaus says it’s extending Apple Pay support across Norway-based online merchants.…

BRIEF: The Continued Ascent of Biometric FinTech

BRIEF: The Continued Ascent of Biometric FinTech

The biometrics industry as a whole has enjoyed considerable growth in recent years, and not least in the financial services sector. More and more banking and other financial transactions are being done online, and fraudsters have followed suit, launching ever-more sophisticated attacks. As the risk of digital fraud and theft has escalated, many organizations have…

Gambling App Embraces Face ID Security, Apple Pay Funding

Gambling App Embraces Face ID Security, Apple Pay Funding

Sweden-based LeoVegas is bringing Apple Pay and facial recognition to its mobile gambling platform, the company has announced. The support for Apple Pay will arrive first in the UK, where market regulations and a licensing system are in place to support the integration. In a statement, LeoVegas asserted that 55 percent of its users in…

Apple’s Biometrically Secured Mobile Wallet Gets More Support

Apple’s Biometrically Secured Mobile Wallet Gets More Support

“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…

How Does Face ID Change the Apple Pay Experience?

How Does Face ID Change the Apple Pay Experience?

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…

Apple Says Face ID’s Accuracy Has Not Changed, Despite Report

Apple Says Face ID’s Accuracy Has Not Changed, Despite Report

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…

Face ID: Exactly How Revolutionary Is It?

Face ID: Exactly How Revolutionary Is It?

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…

Survey Shows iOS Users Skeptical About Using Face ID For Payments

Survey Shows iOS Users Skeptical About Using Face ID For Payments

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…

Will ‘Apple Pay Cash’ Take Advantage of iPhone Facial Recognition?

Will ‘Apple Pay Cash’ Take Advantage of iPhone Facial Recognition?

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…

Is ‘Pearl ID’ iPhone Facial Recognition?

Is ‘Pearl ID’ iPhone Facial Recognition?

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…

Financial ID Briefing: Banking With A Selfie

Financial ID Briefing: Banking With A Selfie

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…

Inventor of SecurID Sues Apple and Visa Over Apple Pay-Related Patent Infringement

Inventor of SecurID Sues Apple and Visa Over Apple Pay-Related Patent Infringement

“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 Enables Apple Pay, Emphasizes Biometric Convenience

Western Union Enables Apple Pay, Emphasizes Biometric Convenience

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 Gains Support For Mobile Wallet in US, China, and Australia

Apple Gains Support For Mobile Wallet in US, China, and Australia

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…

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