FinTech

IDEMIA Deploys Motion Code Tech in New Credit Card in Spain

IDEMIA Deploys Motion Code Tech in New Credit Card in Spain

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 Brings Samsung Pay Benefits to UK Football Fans

QRails Brings Samsung Pay Benefits to UK Football Fans

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…

Biometrics and Politics in This Week’s Top Stories Roundup

Biometrics and Politics in This Week’s Top Stories Roundup

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…

CULedger Celebrates Pilot of Biometric MyCUID Solution for Credit Unions

CULedger Celebrates Pilot of Biometric MyCUID Solution for Credit Unions

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 Brings ID Verification Tech to Ghana and Nigeria

Trulioo Brings ID Verification Tech to Ghana and Nigeria

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 Explains How Tokenization will Improve Credit Card Security

Thales Explains How Tokenization will Improve Credit Card Security

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…

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…

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