Use of biometrics gets lower transaction fees for Apple Pay merchants

Apple announced that it is allowing Apple Pay merchants to pay card present rates (aka cardholder present) for all transactions consumers make in store using their mobile phones, which will save them as much as 1.25 percent on each transaction, according to a report by PYMNTS.com. Apple Pay’s cardholder present rates of 1.5 percent is considerably less than card not present rates, which can command 2.75 percent or more per transaction. The lower transaction fee can be attributed to Apple’s

Idiap engineers developing vein reading biometric wristwatch

Engineers from the Idiap Research Institute are currently developing a new vein reading biometric watch called BioWatch, enabling users to own and control the watch themselves. Joe Rice – touted as the inventor of vein recognition – has partnered with Matthias Vanoni and the engineers at Idiap in Martigny, Switzerland to develop a personal worn biometric system that will secure people’s transactions. At the core of BioWatch is the wrist vein reader, a wearable technology that reads the vein pattern

Apple partners with Visa, Mastercard and American Express for iPhone wallet

Apple is partnering with credit card companies, financial institutions and retailers to enable iPhone users to make secured mobile payments, according to a report by Bloomberg. The partnership, which includes Visa, MasterCard and American Express, will be officially announced on September 9, along with details about the new iPhone 6, according to the report which cites an unnamed source familiar with the situation. The iPhone 6 will enable users to easily make secured mobile payments by including a near-field communication

Fujitsu to release new digital advertising solution with facial detection

Fujitsu announced that version 6.3 of digital advertising solution, TELentice, which will be released in August in Australia, will integrate facial detection. Incorporating near field communications capability and Bluetooth connectivity, the new facial detection functionality will allow marketers to send targeted messages and personalized content to consumers as they walk toward or pass media screens. The solution also has an optional demographic recognition feature, allowing marketers to customize advertising content around the target consumer’s estimated age and gender to execute

Logic PD Tests POS Facial Recognition for Fraud Prevention

Logic PD announced this week that its team of engineers and designers addressed the challenges of identity fraud and highlighted new insights on how the Internet of Things technology can help improve people’s lives during the Logic PD ACME-thon held late last month. The solution is a multi-modal security platform for card purchases that uses near field communication authentication coupled with camera imaging to protect users. The way it works is that when a user makes a mobile payment at

SmartMetric plans North American launch for fingerprint EMV payment card, loses patent suit

SmartMetric is about to launch its fingerprint-activated biometric payment card for use in North America. The card, which the company says is the first of its kind in the world, includes a built-in fingerprint reader to authenticate purchases. Specifically, the card ‘turns on’ when the cardholder’s finger is present on the sensor. Smartmetric is positioning itself to issue its card to customers in the U.S. through a strategic alliance with a bank. The fingerprint activated EMV card will be offered as

Oberthur NFC embedded secure element included in Samsung GALAXY S4

Oberthur Technologies has announced that its NFC embedded Secure Element will be included in the newly-released Samsung GALAXY S4. The secure element – PEARL – is an advanced multi-application embedded secure elecement and according to the company, offers the largest memory on the market. In addition, says the company, it is also the first of its kind to be certified by Visa, MasterCard and Google. “We are proud to be recognised through this contract as a trusted partner for the deployment of

NFC smartphone support for Emirates ID soon

During the Cards & Payments Middle East and Mobile Show in Dubai this week, the Emirates Identity Authority announced that Emirates ID cards will soon start working with mobile phones through NFC technology. Reported in Emirates247.com, according to Dr. Ali Al Khouri, Director General of the Emirates Identity Authority, the new NFC system is currently being developed broadly with various stakeholders. “We are currently working with the local telecom operators in the UAE and other technology firms to develop NFC enabled

SmartMetric incorporates NFC into biometric chip card

SmartMetric has incorporated Near Field Communication (NFC) technology into its fingerprint activated biometric chip card, aimed at financial institutions. “This will enable institutions to offer a safer NFC solution than that which is currently available since the NFC Biometric Card will only be turned on allowing NFC communication to be inactive until the user touches the cards fingerprint sensor,” Chaya Hendrick, SmartMetric President and CEO said. “All other NFC technologies are inherently unsafe in that the device is always on

INSIDE Secure expands to Turkey, Ismosys to represent product offerings

INSIDE Secure has announced an expansion to Turkey and Ismosys has been named to represent the company’s product offerings in Turkey. “With the addition Ismosys, INSIDE now has a strong presence in an important market, where we believe our extensive portfolio of security offerings will provide compelling solutions for customers,” Christian Fleutelot, executive vice president, digital security at INSIDE Secure said. “INSIDE will continue to expands its global sales network in strategically important regions to better serve our customers and exploit new