IDEMIA has teamed up with Mastercard and Deutsche Bank to place its Motion Code technology in a new credit card in Spain. The new card has been dubbed the Tarjeta Calma. So what makes Motion Code so significant? Traditional credit cards have a static three-digit CVV code on the back of the card, which usually…
QRails has teamed up with Samsung Pay to improve the loyalty programs for several football clubs in the UK. The partnership will allow fans of Queens Park Rangers, Swindon Town, and Peterborough United to add a club-branded debit Mastercard to a Samsung Pay account, which will then allow them to use Samsung Pay to complete…
Biometric payment tech is once again a hot topic in this week’s roundup of Mobile ID World’s most popular stories, and there’s even a bit of politics in the mix, to boot. First, though, is the news of Simeio Solutions’ recently launched identity verification app. Dubbed the ‘Simeio Identity Vault’, the app relies on facial…
The Credit Union Service Organization (CUSO) CULedger has completed a successful pilot of its new MyCUID digital credential. MyCUID is compliant with the latest Know Your Customer regulations, and uses mobile biometrics to verify the identities of credit union customers. The platform leverages the biometric readers available on many modern smartphones, and can authenticate users…
Trulioo’s mobile identity verification services are now available to customers in Nigeria and Ghana. The news will greatly expand Trulioo’s presence in Africa, and facilitate its efforts to raise financial inclusion through the creation of secure digital identities. “Financial institutions are reluctant to do business with citizens who lack a verified digital identity, as it…
Thales has shed some light on the future of cybersecurity with a new blog post that explains how the financial industry is leveraging tokenization technology to reduce the threat of data breaches and online credit card fraud. The company notes that while PINs and chips have lowered the amount of fraud that is carried out…
Fingerprint Cards has a new partner in its efforts to target the emerging biometric payment cards market: the company has announced a new partnership with Valid that will see the latter take advantage of FPC’s T-Shape fingerprint sensor module for smart card applications. Valid originally started up in Brazil over half a century ago as…
Signicat has teamed up with SurePay to give Dutch customers more confidence when delivering payments. The joint solution blends Signicat’s Digital Identity Platform with SurePay’s Account Check service to make sure that payments reach the intended recipient. The service is primarily geared towards employers and other large organizations, and cross-references a payee’s personal information with…
Apple Pay has now arrived in Bulgaria and Belarus. Apple’s biometrically secured mobile payments platform arrived in the former country via First Investment Bank, or Fibank, earlier this month; in Belarus, meanwhile, the platform has just launched with the support of BPS-Sberbank. As 9to5Mac reports, this is the domestic arm of the major Russian bank…
American Express has released is 2019 Digital Payments Survey, which found that payments fraud is still a pressing concern for American businesses. The vast majority (77 percent) of respondents indicated that they had experienced some form of fraud during the past year, with 69 percent reporting that fraud fallout placed a significant strain on company…
Signicat has partnered with the SEPA specialist Twikey to make it easier for customers in Belgium and the Netherlands to authorize recurring payments. The partnership leverages Signicat’s secure e-signature technology, and allows for the creation of payment agreements that are compliant with Single European Payment Area (SEPA) mandates. The SEPA mandate is an authorization tool…
“FacePhi has indicated that Banesco Panamá will integrate [SelphID] technology into its mobile app and desktop site, allowing customers to open new accounts from the comfort of their personal devices.” FacePhi has solidified its position in the Panama market and in the Latin American region more broadly through a new contract with Banesco Panamá. The…
“…just as younger consumers tend to show a higher preference for mobile banking, those in the 18-34 age range tend to prefer using the biometric authentication capabilities of those devices, whereas older survey respondents showed more of a preference for security questions.” Customers are increasingly accessing financial services on mobile devices, and providers need to…
Money20/20 organizers have officially announced the return of their China-based event. First launched last year, Money20/20 China drew a crowd of over 2000 professionals from 53 countries. Now, organizers say that Money20/20 2019 will have capacity for more than 2500 people, and will feature over 300 speakers. Organizers have also revealed an ambitiously wide-ranging slate…
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…
