mobile payments

Apple Pay Brings Biometric Mobile Payments to Iceland

Apple Pay Brings Biometric Mobile Payments to Iceland

The Apple Pay network continues to expand. The tech giant has announced that its biometrically secured mobile wallet platform is now available in Iceland, launching with support from the Icelandic banks Arion Banki and Landsbankinn. More banks are expected to add support for the platform in the not-too-distant future. To use Apple Pay, Arion Banki…

FIDO, EMVco and W3C Assemble Web Payment Security Interest Group

FIDO, EMVco and W3C Assemble Web Payment Security Interest Group

“This could prove to be an important step forward in online security as more and more payment transactions are performed over online channels.” The biggest industry associations in the fields of payments, the internet, and authentication have announced a new cross-industry interest group aimed at fostering security and interoperability for online payments. The groups involved…

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…

SiriusXM and Visa Bringing Biometric Payments to the Connected Car

SiriusXM and Visa Bringing Biometric Payments to the Connected Car

“…the system will use biometric authentication to confirm the payments, with Visa and SiriusXM suggesting in a statement that they’re consider the use of voice recognition and fingerprint scanning through the dashboard’s touchscreen.” SiriusXM is getting into the payments business, with a Visa partnership aimed at delivering in-car payments to consumers. Thanks to the companies’…

Applied Recognition Tech Adopted by ‘the PayPal of Vietnam’

Applied Recognition Tech Adopted by ‘the PayPal of Vietnam’

Biometric technology from Toronto-based Applied Recognition is now being used to verify individuals signing up for SmartPay, a mobile-based financial services platform operating in Vietnam. The integration of Applied Recognition’s Ver-ID facial recognition technology means that end users can confirm their identities simply by submitting a selfie photo through the platform. At the same time,…

Google Pay Finally Launches in France

Google Pay Finally Launches in France

“The French launch of Google Pay also comes after a major extension of its support in the US, with Google announcing in late summer that 111 additional banks and credit unions were supporting the platform.” Google’s mobile payments platform has finally arrived in France, long after its major rivals. Six banks and credit card companies – Boon,…

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…

579 Million Biometric Payment Cards Will be in Use by 2023: Goode

579 Million Biometric Payment Cards Will be in Use by 2023: Goode

Just in time for this year’s Money20/20 event in Las Vegas, Goode Intelligence has issued a new report on the growing prominence of biometric technology in payments, entitled, “Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition”. Much of the report’s analysis concerns the same trends outlined in FindBiometrics’…

The Convenient Revolution: How Biometric Tech is Driving Financial Innovation

The Convenient Revolution: How Biometric Tech is Driving Financial Innovation

When it comes to matters of money, security has long been the paramount concern. When bank customers call to access information or perform certain transactions, bank representatives have to ask for passcodes and biographical data; in a bank branch, customers have to enter PINs even when conducting business in person. When making payments, a signature…

Biometric Payments Come to South Africa via Samsung Pay

Biometric Payments Come to South Africa via Samsung Pay

Samsung Pay has now reached South Africa, the company has announced. Samsung’s mobile payments platform arrives in the country with the support of domestic banks Absa and Standard Bank, as well as Visa and Mastercard. Other partners for the launch include Virgin Money, British Airways, and the Avios airfare rewards program. In a post on…

Ipsidy, Skypatrol Seek to Establish Mobile Payments Ecosystem for Truckers

Ipsidy, Skypatrol Seek to Establish Mobile Payments Ecosystem for Truckers

A big new partnership is poised to lock truck drivers in Latin America into a mobile payments network secured with biometric authentication. Ipsidy, the provider of a recently launched mobile facial recognition app, has teamed up with Skypatrol, the provider of a GPS-based truck fleet management solution that supports over a million vehicles across Latin…

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…

Mobile Payments Must Embrace Multimodal Biometrics

Mobile Payments Must Embrace Multimodal Biometrics

Mobile payments need to embrace biometrics in order to really catch fire in the mass market, according to a new report from Lux Research. Entitled “Securing Mobile Payments with Biometric Authentication”, the report argues that biometric technologies can improve both security and the user experience in significant ways for mPayment platforms. While the leading mPayment…

How Long Until We See Samsung Pay in Australia?

How Long Until We See Samsung Pay in Australia?

Samsung Pay will soon launch in Australia. The news comes by way of American Express Australia and New Zealand’s digital commerce head Rob Bourne, who touched on Samsung Pay while speaking at an IT event in Sydney. “I can’t tell you exactly when it’s going to go live,” he said, “but it’s appearing very soon.”…

Samsung Pay Has Launched in China

Samsung Pay Has Launched in China

Samsung Pay has at last launched in China. The mobile payment service was launched this week in cooperation with China UnionPay, the country’s sole domestic bank card company. At its launch, Samsung Pay supports payment cards from numerous banks, including China CITIC Bank, China Everbright Bank, China Merchants Bank, and Industrial and Commercial Bank of…

BIO-key Acquires IP Portfolio in Major Investment Deal

BIO-key Acquires IP Portfolio in Major Investment Deal

BIO-key International has completed a major new investment and licensing deal, the company has announced. The agreement was made between the company and parties affiliated with the China Goldjoy Group, formerly known as World Wide Touch Technology (Holdings) Ltd (WWTT), as well as a CGG subsidiary and another investor. The major component is BIO-key’s purchase, at…

RBC Announces Biometric Mobile Wallet

RBC Announces Biometric Mobile Wallet

The Royal Bank of Canada has announced a new mobile app called RBC Wallet. First unveiled at the recent Google I/O developer conference, the app will take advantage of the new Android M OS’s biometric capabilities. That means users will be able to sign in via a combination of fingerprint authentication and a PIN. It’s…

Alipay to Use Facial Recognition Biometrics

Alipay to Use Facial Recognition Biometrics

Alipay is going to use facial recognition to authenticate users for mobile payments, reports IDG’s Michael Kan in a PCWorld article. The announcement came by way of Jack Ma, the CEO of Alipay’s parent company Alibaba, who provided a few details in a speech at the Cebit trade fair in Germany. Ma explained the development…