Juniper Research has released a new report that suggests that the Mobile Financial Services (MFS) market is set to explode in the next few years. The firm predicts that the total transaction value of the market will climb from $580 billion in 2019 to more than $1 trillion by 2024. The expansion of the Latin…
“The company says it will be targeting not only the smart card sector, but also wearables.” Zwipe has completed a prototype of what could become a critically important component of its biometric payment card business activities. Dubbed the “Z5” chip, the solution is designed to consolidate components needed for energy harvesting and management for embedded…
IDEX Biometrics has been granted another important patent pertaining to its on-card enrollment solution for biometric cards, this time from the UK Intellectual Property Office. In announcing the latest patent approval, IDEX indicated that the filing concerned is “in the same patent family” as on-card enrollment patents approved by the Australian patent authority and by…
IDEMIA has established a licensing agreement with IDEX concerning the latter’s biometric enrollment technology for payment cards and smart cards. The agreement grants IDEMIA the use of certain IDEX patents for the purpose of developing and selling on-card enrollment devices that function with IDEMIA’s own biometric card software. IDEX first announced its enrollment system for…
“It is a breakthrough in our business strategy, since we are entering a new sector in which we had no presence before.” – Javier Mira, CEO, FacePhi Spain-based biometric authentication specialist FacePhi has made its first big leap beyond the financial services sector, announcing that a new partnership with Swiss Medical Group has brought it…
Zwipe has completed delivery for the first order of its second-generation biometric inlay for smart cards, the company has announced. The company has not disclosed the name of its client, but indicated in a statement that the order concerned “a few thousand units”, and would generate revenues of about half a million NOK in the…
CO-OP has expanded the utility of the CardNav platform, allowing users to manage both debit and credit cards from a single account. CardNav is a card management and alert app that allows users to take more control of their various payment cards, whether that means setting a spending limit on a shared card or deactivating…
This week’s top stories on Mobile ID World are all about partnerships. The first is a bit of an unwitting one. In addition to launch a slate of new devices, Apple announced this month that it had upgraded its iOS mobile operating system to support both read and write NFC communications, opening the door for…
Apple recently revealed that it is paying close attention to the growing cryptocurrency trend, though it’s not yet clear what role the company would like to play in the evolving market. “We’re watching cryptocurrency,” Apple Pay VP Jennifer Bailey told CNN during a private event. “We think it has interesting long-term potential.” “This would be…
“… IDEMIA and Zwipe say that their solution will be distinguished by its relatively small number of components, with things like the Secure Element and the microcontroller all embedded in a single chip mounted on a flexible Printed Circuit Board.” IDEMIA and Zwipe have teamed up on a biometric payment card solution that they are…
“We have selected Zwipe because of their proven ability to integrate biometrics with payment functionalities into an extremely space and energy-constrained environment.” – Gabrielle Bugat, Group Senior Vice President, Head of Business Unit, Financial Services, G+D Mobile Security Zwipe and Giesecke + Devrient Mobile Security (or “G+D”) are teaming up on a new payment device,…
The electronic money issuer Treezor has deployed the SafeNet Data Protection On Demand (DPoD) platform from Thales to protect the personal and financial information of its users. The cloud-based HSM service will allow Treezor to remain compliant with data protection regulations like GDPR and the Mastercard network. “The financial industry is one of the most…
ID R&D has added a trio of new executives to its team. The company has announced that Steve Cook has signed on as the new Global Head of Business Development, while Kim Martin has joined as the new VP of Marketing and Scott Rosenthal is stepping in as the new Director of Sales, Financial Services.…
“In implementing biometric security based on facial recognition, Bitcoin IRA joins a growing trend in the cryptocurrency space, with players like the Paxful marketplace and the ZenGo cryptocurrency wallet also having recently embraced face-based authentication.” Bitcoin IRA, a platform designed specifically to allow individuals to buy and sell Bitcoin cryptocurrency through their Individual Retirement Account…
“Our vision for a decentralized future, self-sovereign identity, data and payment, facilitated by blockchain technology, works well with the identity verification services Onfido offers.” – Alastair Johnson, CEO, Nuggets Nuggets, the provider of a blockchain-based digital identity and payments platform, has embraced Onfido‘s selfie-based approach to customer authentication. The latter’s approach to identity verification revolves…
“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…
Professionals in the payments industry are very concerned about cybersecurity, but are at least a little mistrustful of third party solutions providers, suggest the results of TD Bank’s 2019 NACHA PAYMENTS survey. Conducted at the 2019 NACHA PAYMENTS Conference in Orlando this past May, the survey polled just under 500 of the payments industry professionals…
Onfido is testing a portable identity solution in conjunction with a group of FinTech partners that includes Monese, Seedrs, Curve, and B-Social. The regulatory sandbox test is being carried out in Britain as part of an FCA program that gives businesses the opportunity to pilot new ideas with real consumers. The FCA is the UK’s…
“The Apple Card number is stored on the iPhone’s Secure Element, and purchases made with the virtual card are authorized biometrically through either Face ID or Touch ID.” Apple has officially launched its new credit card, the Apple Card, in the US. Virtual versions of the card will be hitting users’ digital Apple Wallets today,…
