‘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…
IDEX Biometrics will play an integral role in a new biometric card trial from MasterCard and Edenred Mexico. Launched in conjunction with the Mexican state of Sonora, the new pilot program will use biometric fingerprint-scanning cards to distribute state benefits as part of an ongoing effort to give more people secure access to banking services.…
The Kuwait Financial House (KFH) will be offering laser-engraved, one-of-a-kind metal payment cards to a select group of elite clients. The cards will be produced by IDEMIA, and have been designed with an eye towards status as much as security. In other words, the metal cards will only be given to KFH customers with a…
Veridium has become the latest biometrics specialist to join Mastercard Start Path, the financial services giant’s startup accelerator program. It’s an impressive feat. Only about 40 startups are admitted to the program each year, and Veridium says it was part of an applicant pool of almost 2,000. Criteria for selection include demonstrated commercial traction, seed…
“…their service will be focused on the areas of financial services, digital commerce, government services, and consumer-focused online services like music streaming and social media.” Mastercard and Microsoft have announced that they’re teaming up on a digital identity project. What exactly this project will entail is pretty vague at the moment. In a statement, the…
A new environmental partnership entails an alliance between Mastercard, IDEMIA, and Gemalto on payment card solutions. Also including card printer Giesecke+Devrient, it’s called the Greener Payments Partnership, and is aimed at reducing the use of PVC plastic in payment cards. According to a statement from the companies announcing the partnership, they are committing to accelerating research…
“We are incredibly proud to have reached this very important milestone with our strategic partner. The order marks the start of the industrialization phase for biometric cards, and is the result of years of dedication and hard work and is validation of IDEX’s leadership position in this very innovative market.” -Stan Swearingen, CEO, IDEX Biometrics…
When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…
France-based Alcinéo, a specialist in embedded software for payments, is taking advantage of Trustonic technology to secure its mobile Point of Sale apps. The security comes by way of the Trustonic Application Protection (TAP) SDK, which allows Alcinéo to integrate digital payment microkernels from Mastercard and Visa into a given device’s Trusted Execution Environment. Meanwhile, Trustonic’s Trusted…
Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…
Biometrics and other innovative methods of authentication will be a key topic at the July Member Meeting of the U.S. Payments Forum, a non-profit cross-industry alliance that encompasses the whole payments ecosystem. Organizers have announced the agenda for this year’s event, and it’s going to kick off with a plenary panel entitled, “Next Generation Consumer…
IDEMIA and US-based payment processor WorldPay are embarking on North America’s first trial program of IDEMIA’s Motion Code payment card solution. Motion Code was first launched in the autumn of 2016 by Oberthur Technologies, before that company merged with Safran Identity & Security to form what is now IDEMIA. The solution essentially replaces the three-digit…
NXP Semiconductors has unveiled a new digital wallet system designed for easy integration into a range of potential hardware products. Developed in collaboration with Mastercard and Visa, the mWallet 2GO solution features NFC for contactless payments, a comprehensive Secure Element system, and functionality with the Mastercard Digital Enablement Service and Visa Token Service platforms. It…
Mastercard is hearing increasing chatter about ‘conversational commerce’, an emerging shopping experience in which users make purchases by talking with AI bots. The company’s new report on the matter, “Is anybody there? Giving Conversational Commerce a voice”, draws on a few recent findings from Mastercard’s own research and that of CapGemini, Walker Sands, and OC&C.…
MasterCard has been speaking about its digital securitization efforts at this year’s Risk to Reward conference in London, according to a Business Reporter article by Joanne Frearson. To that end, the company says it’s developing fingerprint and facial biometric systems. “The future is moving towards biometrics,” said Ajay Bhalla, MasterCard’s president of enterprise security solutions.…
Today, Cartes Secure Connexions America announced the keynote lineup of its upcoming fourth iteration, held May 5 through 7 in Washington, DC. This year’s event will focus on a number of important topics in mobile identity including mPayment technology, EMV integration and digital currency. The keynotes announced today run Tuesday, Wednesday and Thursday of the event and…
