FinTech

FPC Teams with Valid on Biometric Payment Cards

FPC Teams with Valid on Biometric Payment Cards

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…

Apple Pay Extends Reach in Europe

Apple Pay Extends Reach in Europe

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…

Merchants are Worried About Fraud in American Express Payments Survey

Merchants are Worried About Fraud in American Express Payments Survey

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 Lets Twikey Customers Authorize Payments with e-Signatures

Signicat Lets Twikey Customers Authorize Payments with e-Signatures

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…

Latest Bank Partner Solidifies FacePhi’s Panama Presence

Latest Bank Partner Solidifies FacePhi’s Panama Presence

“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…

Iovation Study Points to Importance of Mobile Security in Financial Services

Iovation Study Points to Importance of Mobile Security in Financial Services

“…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 Driving Biometric FinTech Discourse in Las Vegas and Hangzhou

Money20/20 Driving Biometric FinTech Discourse in Las Vegas and Hangzhou

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 Forecasts Major Growth for LATAM Mobile Financial Services Market

Juniper Forecasts Major Growth for LATAM Mobile Financial Services Market

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…

Zwipe Completes Prototype Power Management Chip for Biometric Solutions

Zwipe Completes Prototype Power Management Chip for Biometric Solutions

“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 Gets UK Patent for Enrollment Solution for Biometric Cards

IDEX Gets UK Patent for Enrollment Solution for Biometric Cards

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 Licences IDEX Enrollment Tech for Biometric Cards

IDEMIA Licences IDEX Enrollment Tech for Biometric Cards

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…

FacePhi Expands Beyond Financial Sector with Swiss Medical Group Partnership

FacePhi Expands Beyond Financial Sector with Swiss Medical Group Partnership

“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 Delivers First Order of Inlay Solution for Biometric Cards

Zwipe Delivers First Order of Inlay Solution for Biometric Cards

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 Expands Utility of CardNav App to Cover Credit and Debit Cards

CO-OP Expands Utility of CardNav App to Cover Credit and Debit Cards

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…

Partnerships Aplenty in This Week’s Top Mobile ID Stories

Partnerships Aplenty in This Week’s Top Mobile ID Stories

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 Acknowledges Interest in Cryptocurrency Market

Apple Acknowledges Interest in Cryptocurrency Market

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, Zwipe Partner on Simplified, Low-Cost Biometric Payment Card

IDEMIA, Zwipe Partner on Simplified, Low-Cost Biometric Payment Card

“… 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…

Zwipe, G+D Team Up On ‘Biometric Payment Device’

Zwipe, G+D Team Up On ‘Biometric Payment Device’

“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,…

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