Mastercard has formed a global partnership with Samsung that will make the Pay on Demand platform more readily accessible to consumers and small businesses in emerging markets. The Pay on Demand platform allows consumers to gain access to devices on a pay-as-you-go basis, and is part of a broader effort to raise digital inclusion around…
Mastercard has further solidified its relationship with Trust Stamp after formally making a strategic investment in the company. Based out of the Georgia Institute of Technology, Trust Stamp went through Mastercard’s Start Path accelerator back in 2018, and later collaborated with Mastercard on an AI-based authentication solution that does not rely on Personally Identifiable Information.…
Mastercard and the Government of Canada have announced a new $510 million facility for the city of Vancouver that will focus on cybersecurity and tech innovation. The project was announced by Mastercard and federal Innovation Minister Navdeep Bains at the World Economic Forum in Davos, Switzerland, last week, and will include a $49 million subsidy…
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…
Digital payments giant Visa has announced that participants in its Visa Token Service are set to reach an estimated $1 trillion in combined eCommerce transactions since the service was first introduced in late 2014. The Visa Token Service was launched as a way to replace a user’s sensitive account information with a unique digital identifier…
Mastercard is moving forward with a pilot of a new digital identity service that would facilitate secure identity checks in digital and real-world settings. The first tests will be carried out in Australia, and specifically at the Australia Post and Deakin University. The new solution was designed as a replacement for physical ID documents. To…
Last week, Mobile ID World kicked off Biometric Smart Cards Month with an overview of the industry trends and technological developments that led to the emergence of this compelling new technology. This week, we’ll take a closer look at the specific technologies in play in the world of biometric payment cards in particular, which are…
“The biometric credit card trial will see payment cards issued to 150 participants, with spending limits for contactless transactions set to £100…” NatWest has started trialing biometric credit cards in the UK, the major bank has announced. The move follows a trial of biometric debit cards conducted earlier this year. As in that pilot program,…
Some of the world’s leading cybersecurity and international policy experts have joined forces to create the CyberPeace Institute, a new NGO that will seek to mitigate the effects of major cyberattacks. Stéphane Duguin will come on as the organization’s CEO, while Marietje Schaake will serve as President and Chair of the Advisory Board. Together, they…
The digital identity startup Syntizen Technologies has completed a successful Pre-Series A funding round, receiving an undisclosed amount of money from Mastercard and ACPL, a biometric solutions provider. Syntizen is based in Hyderabad, India, and plans to use the funds to improve its products and fuel its domestic and global expansion. “Mastercard’s investment is…
“As previously communicated, we are expecting modest initial volumes of biometric smart cards to be delivered at the end of 2019, followed by larger volumes in 2020.” – Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics has issued its latest quarterly results, depicting a dip in revenues but continuing progress in the company’s three key…
Looking back on this week’s most popular articles on Mobile ID World, it’s clear that money was the big theme. Breaking that broad theme down further, a major topic was digital wallets. Mezu and Mastercard announced a new digital debit card for mobile payments, and a cryptocurrency wallet revealed some hard evidence of the security…
Mezu is teaming up with Mastercard to release a digital debit card that will allow Mezu users to make purchases anywhere Mastercard is accepted. Mezu is a mobile payments app that does not share any personal information or transaction history with third parties and leverages biometric authentication for added security. The partnership with Mastercard will…
“We consider the partnership with LG as proof of the market leadership of our mobile payment solutions competence and look forward to continue developing LG Pay together with LG.” G+D Mobile Security is providing cloud payment services to help LG bring the LG Pay platform to the United States. The US is the first country to…
The iBeta Quality Assurance lab can officially add another certificate to its wall. The biometric testing facility has now been accredited by Mastercard, becoming a certified provider of Mastercard’s Formal Approval Services as of June. iBeta is one of the world’s leading biometric testing facilities, and is equipped to test face, palm, voice, and fingerprint…
NXP has become the first player in the emerging biometric payment cards market to reach an important milestone, announcing that its Secure Processing Module for fingerprint-on-card technology has become the first such solution to attain certification through Mastercard’s Compliance Assessment and Security Testing, or CAST, program. A Secure and Efficient Solution NXP says its module…
Truxtun Capital has released a new payment card that leverages acoustic technology for an additional layer of security. The new Wega 3DSA 2.0 is available in the UK through the company’s partnership with the Manchester City Football Club, and is being billed as the first commercial deployment of a FIDO-certified payment card. “Truxtun’s Acoustic technology…
‘The digital IDs would theoretically make it easier to open and access accounts in brick-and-mortar institutions like banks and digital business like social media or online retail…’ Mastercard and Samsung are teaming up to provide customers with secure digital identities that will be stored on people’s smartphones. The new IDs are designed for both in-person…
