Mobile commerce is quickly rushing from online shops to brick and mortar retail stores across the globe. Earlier today Mobile ID World reported that Visa, MasterCard and American Express are in talks with Apple to allow for NFC enabled payment with the next generation of iPhone, and now we bring you news that a new partnership between Alibaba and Huawei will be picking up the physical mCommerce torch in China.
Alibaba’s popular mobile wallet, Alipay – which can boast over 100 million subscribed users – will not only be available for use on the upcoming Huawei Ascend Mate 7 smartphone, it will also use the biometric fingerprint sensor to authorize payments. Whether it’s in a store or online, Ascend Mate 7 users will have the option of approving payment with the swipe of a finger.
The Ascend Mate 7 will store fingerprint information on-device, protected by high level encryption and only accessible by Huawei approved third party apps.
Mobile commerce is a constant topic of discussion in the realm of strong authentication, smartphones and biometrics. Mobility brings with it the promise of convenience, while the mainstreaming of biometric sensors eases consumers’ minds when it comes to paying with new technology.
Recently, Mobile ID World published a two-part interview with BIO-key’s Jay Meier on the topic of the current state of mobile biometric commerce. The discussion gets to the root of the differences between mobile payments and mobile banking, while offering a possible solution that could revolutionize identity management and finance in North America.