mPayments

NEC to Update Oman’s Bus Network with Automated Fare System

NEC to Update Oman’s Bus Network with Automated Fare System

NEC has landed a contract to update Oman’s public transportation network with an Automated Fare Collection System (AFCS) and other smart technology. The use of AFCS tech will allow Omani riders to make contactless fare payments through a new mobile app, and will make transit more efficient for the country’s 20,000 daily commuters. Meanwhile, NEC’s…

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…

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…

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,…

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…

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…

Apple Pay Goes Live in Japan, with Some Transit Glitches

Apple Pay Goes Live in Japan, with Some Transit Glitches

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…

Partnership to Push Iris Authentication Standard for mPayments in China

Partnership to Push Iris Authentication Standard for mPayments in China

Influential mobile companies in China are preparing for the rise of mobile iris scanning. Spreadtrum, a fabless semiconductor maker, has announced a new partnership with the Internet Finance Authentication Alliance (IFAA) to promote an iris-based payment authentication framework in the country. The IFAA carries some major weight. It’s a consortium launched by high-profile firms including…

How Do Apple Pay and Samsung Pay Compare in Russia?

How Do Apple Pay and Samsung Pay Compare in Russia?

“Between the two, Samsung Pay has a bit of an edge.” The two most prominent mobile payment platforms are now available in Russia. Samsung Pay launched in the country at the start of the month, and Apple Pay made its debut early this week. Between the two, Samsung Pay has a bit of an edge. Like Apple…

Samsung Pay Receives Iris Scanning Upgrade

Samsung Pay Receives Iris Scanning Upgrade

“Consumers need only to look at their phone to confirm transactions, which could make mPayments an even easier way to pay.” With a new software update, iris-based transaction verification has arrived to the Samsung Pay mobile payment platform. It comes by way of Samsung’s Galaxy Note7 smartphone. While it isn’t the first mobile device to…

Financial Institutions Are Investing in Tech Companies With an Eye for mPayments

Financial Institutions Are Investing in Tech Companies With an Eye for mPayments

Market research firm Technavio has named its top vendors in the area of mobile payment services. They are very big names: Amazon Payments, HP, IBM, MasterCard, Orcale, and PayPal. The analysis comes from Technavio’s report, Global IT Spending by Mobile Payment Service Providers Market 2015-2019, released last autumn. In a new statement announcing Technavio’s top vendors,…

MasterCard’s Selfie Based Authentication To Launch in Summer

MasterCard’s Selfie Based Authentication To Launch in Summer

MasterCard is getting ready to roll out ‘selfie’-based authentication, the company has announced. A new security system for the company’s mobile app will prompt users to use their mobile devices’ cameras to take short videos of themselves to confirm some payments; the system uses facial recognition to confirm their identities. Moreover, users are asked to blink…

Worldcore Relies on Voice Biometrics for Payment Authentication

Worldcore Relies on Voice Biometrics for Payment Authentication

A new digital payments platform is aiming to use voice biometrics as a secure means of customer authentication. Called Worldcore, the company aims to be the first European Union-regulated payment platform. It’s currently seeking PCI DSS Level 1 certification, with an eye to launching its e-commerce solution by this summer. And a major component of…

Biometrics in Banking to Reach $11 Billion by 2020: Goode Intelligence

Biometrics in Banking to Reach $11 Billion by 2020: Goode Intelligence

Goode Intelligence has outlined five key trends driving the adoption of biometric technology in the financial services sector. Basing the assessment on three reports comprising its Biometrics for Financial Services series, the market research firm predicts that the market will reach a value of $11 billion by the year 2020.   One of the major…

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