Artificial Intelligence (AI) is here for quite some time and is successfully being used in banking applications like Fraud Analysis and Customer Risk Scoring but with a limited scope. With such high expectations for the technology in payments and in myriad other industries, what will AI actually mean for consumers and merchants? What types of…
It’s been another rich and varied week in Mobile ID World news, with payments, biometrics, and connectivity being the hot topics in the latest roundup of our most popular stories. On the FinTech side of things, Mobile ID World visitors were understandably interested in learning more about Samsung’s new debit account platform, about which the…
“…the new eco-friendly card is composed of more than 85 percent recycled PVC, which makes it the card with the highest concentration of recycled PVC materials currently on the market.” The longstanding partnership between IDEMIA and Treezor will soon lead to the launch of France’s first eco-friendly fintech card. The two companies joined forces more…
Zwipe has officially renewed its partnership with the Brazilian smart card manufacturer Thomas Greg & Sons (TGS). The two companies first joined forces in April of 2019 in an effort to develop biometric payment cards for the Latin American market. Now that the contract has been renewed, TGS will move forward with the small scale…
Facebook is enabling person-to-person payments for WhatsApp users in Brazil. The new feature is being delivered in collaboration with Visa, which is outfitting Facebook with the technology needed to secure individual transactions. That includes the Visa Direct real-time push payments platform, as well as the company’s new Visa Cloud Tokenization solution. Visa’s technology will allow…
Zwipe has a new Executive Vice President of Strategy and Channels: Bishwajit Choudhary has joined the company’s leadership, bringing with him extensive experience in the digital payments sector. Before his new appointment, Choudhary spent 20 years with Nets Group, a Denmark-based digital payments solutions provider focused on financial institutions. Choudhary worked his way up from…
Japan-based JCB has announced a new solution aimed at broadening the use of mobile payments. Dubbed ‘Tap on Mobile’, it’s a contactless payments program that JCB has developed in collaboration with Soft Space, an APAC-based FinTech company. Integrating JCB’s contactless engine for payment transactions, the program is designed to let end users make contactless payments…
Airport hospitality group OTG has announced it will be implementing Amazon’s “Just Walk Out” cashierless payment technology at one of their stores in Newark Liberty Airport. The store — a CIBO Express Gourmet Market — is located in Newark Liberty’s Terminal C, and will allow customers to enter the store by swiping their credit card.…
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…
