Last week at Mobile ID World mobile wallets took center stage as we saw another entrant in the already crowded mCommerce wars. Wearables and Internet of Things had their share of the headlines too, while FinTech and mobile biometrics solutions filled out the week’s industry news.
Here is a look back on the top trends in last week’s mobile identity management news:
Fashion and wearable tech are set to converge at the upcoming CES 2016 conference thanks to the FashionWare showcase, now in its fifth year. We heard some rosy estimates about Apple Watch sales out of the Glance Conference, and Android announced an upgrade to its Authenticator, which now features wearable compatibility.
Walmart launched a mobile wallet last week, which leverages QR code scanning instead of NFC, while Samsung Pay was in the news for its new gift card and transportation card support. That said, Samsung’s mPayment platform hit a bit of a speed bump in its race to catch up with Apple, announcing that Samsung Pay won’t be making it to smartwatches until next year. Apple Pay, for its part, was mostly surrounded by Australia-themed controversy last week, still coming into conflict with the nation’s banks while MasterCard used it as a reason to call for the regulation of American Express.
Continuing in the financial vein, we saw a new report from Goode Intelligence predicting that, by 2020, more than 1.1 billion financial services customers will be using biometrics. We caught up with Alan Goode, managing director of the firm, in an interview exploring the results of this research. EyeVerify made up the last of the commerce news, with its Eyeprint ID solution being used by Mountain America for its mobile app, and announcing its presence at FinovateEurope.
Internet of Things
In the Internet of Things news last week, we saw Entertech Systems underlying the important place for biometrics in the burgeoning sector, while a new report from SNS Research predicted that IoT service providers could be making hundreds of billions of dollars by the year 2021.
In mobile biometrics news we got a peek at what Symantec plans to do about its password problem (hint: it involves biometrics) while BioID launched its facial recognition solution for iOS devices. Morpho (Safran) set its sights on mobile authentication, Fingerprint Cards announced its 2016 revenue guidance, and we reported on the newest members of BIO-key International’s board of directors. ImageWare Systems made the news last week too, having signed contract to continue providing biometrics to the Department of Veterans Affairs.
Lastly, we had vital biometrics in the news last week: Valencell announced that it has once again come to the end of a year showing triple digit growth. We also learned about what Olea Sensor Networks has planned for the upcoming CES 2016 exhibition, where it will showcase its vital sign scanning technology.
Stay posted to Mobile ID World through the coming week as we continue to bring you the most important news in mobile digital identity. Be sure to follow us on Twitter so you don’t miss a beat.