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…
November was Biometric Smart Cards Month at Mobile ID World, so on the latest episode of the ID Talk Podcast, host Peter Counter spoke with David Orme, Senior Vice President of Sales and Marketing for IDEX Biometrics, about the misconceptions around biometric payment cards. IDEX Biometrics is completely focused on developing useful, functional, and affordable…
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…
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…
Professionals in the payments industry are very concerned about cybersecurity, but are at least a little mistrustful of third party solutions providers, suggest the results of TD Bank’s 2019 NACHA PAYMENTS survey. Conducted at the 2019 NACHA PAYMENTS Conference in Orlando this past May, the survey polled just under 500 of the payments industry professionals…
“The Apple Card number is stored on the iPhone’s Secure Element, and purchases made with the virtual card are authorized biometrically through either Face ID or Touch ID.” Apple has officially launched its new credit card, the Apple Card, in the US. Virtual versions of the card will be hitting users’ digital Apple Wallets today,…
Malaysia’s RHB Banking Group has become the first financial services firm in Southeast Asia to officially adopt IDEMIA‘s Motion Code solution for payment cards. First announced back in 2017 by Oberthur Technologies – prior to its merger with Safran Identity and Security to form what is now IDEMIA – the Motion Code solution revolves around…
‘“I am delighted to welcome Pascal to the team,” said IDEX Sales and Marketing SVP David Orme…’ IDEX Biometrics has named Pascal Dufour as its new Director of Sales for Europe, the Middle East, and Africa (EMEA). Darfour officially took over the role on July 9th, and brings more than 25 years of experience to…
Shell and WEX are releasing a new mobile app that will allow drivers to pay for gas without needing to leave their cars. WEX Fleet DriverDash processes payments electronically, using a smartphone’s biometric features to authenticate each transaction. “DriverDash delivers increased security and control for fleet managers, while offering drivers a faster and easier…
“We are proud to strengthen our long-standing partnership with a global technology leader such as Infineon. This collaboration further enhances our ability to commercialize our technology and IP through competitive solutions for mass-volume deployment.” – André Løvestam, CEO, Zwipe With the clock ticking down to mass deployment of biometric payment cards, Zwipe and Infineon are…
“I’m more confident than ever that biometric smart cards are poised for mass adoption.” – Stan Swearingen, CEO, IDEX Biometrics IDEX Biometrics announced today that biometric payment cards featuring its SmartFinger sensor technology have begun a certification process on behalf of a “major global payment scheme in Asia.” The Bank Card Testing Center, an independent…
IDEMIA is joining forces with G+D Mobile Security to form the White Label Alliance, a new, independent organization that will work to establish global standards for the payments industry. The standards will be based on existing EMV technology, and will cover all aspects of the industry, including payment cards, terminals, and mobile devices. “Supporting open…
ABI Research is charting a strong ascent for EMV payment card issuance, with emerging biometric card technology playing an important role. The market research firm says it expects EMV payment card issuance to rise from 3.18 billion this year to over 3.75 billion by 2023, with several factors propelling that growth. These include contactless migration,…
If there are any themes in this week’s top stories for Mobile ID World, at least one of them would have to be the fight against fraud. It’s a topic that permeates the discussion of one of the most popular recent interviews we’ve had in some time, with the Chief Technical Officer of a leading…
The Apple Pay network continues to expand. The tech giant has announced that its biometrically secured mobile wallet platform is now available in Iceland, launching with support from the Icelandic banks Arion Banki and Landsbankinn. More banks are expected to add support for the platform in the not-too-distant future. To use Apple Pay, Arion Banki…
The emerging biometric payment cards market remains an area of intense focus for a number of fingerprint sensor specialists, FinTech stakeholders, and banks. Fingerprint-scanning payment cards are expected to be the next big wave in the world of financial services, enabling highly secure contactless transactions by authenticating cardholders as they tap to pay at a…
Growth consultancy Frost & Sullivan has named Gemalto the recipient of its 2018 Middle East & Africa Customer Value Leadership Award. The award is in recognition of PURE, Gemalto’s white label payments platform that is designed to let domestic schemes and private label card issuers offer their own payment cards to customers. The system was used…
Apple Pay has made it to Norway, launching in the country with the support of Nordea Bank, Santander Bank and Sbanken. The banks are allowing customers to upload their Mastercard, Visa, and debit cards to Apple’s biometrically secured mobile payments platform. Meanwhile, Danish merchant acquirer Clearhaus says it’s extending Apple Pay support across Norway-based online merchants.…
Mobile Point of Sale (mPOS) terminals are going to see huge growth over the next several years, and a small chunk of them are going to be biometric, according to a new market forecast from Juniper Research. The firm predicts that by 2023, almost one in four POS transactions will be on mobile POS devices.…
