Safran exec discusses three ways to use payment infrastructures for new functions

In a recent blog post, Jesper Domargård, director of marketing at Safran Identity & Security, discussed three ways of leveraging existing payment infrastructures for new functions: person-to-person payments, apps integrated in terminals, and social benefit distribution and proof of liveness. Since its launch in the 1970s, card payment infrastructure has been solely used to conduct a payment transaction from a consumer to a merchant. However, Domargård highlights three examples to emerge in recent years of how the infrastructure can be

Enfuce, Gemalto offering mobile authentication services in the Nordics

Gemalto has partnered with Finnish financial services provider Enfuce to provide financial enterprises in the Nordics with mobile authentication services. Built on Gemalto’s Mobile Protector Software Development Kit (SDK) and Confirm Authentication Server (CAS), Enfuce’s cloud-based authentication-as a-service solution enables financial institutions, retailers and fintechs to secure their mobile applications. Users can select from a range of authentication factors for transactions including PIN code, fingerprint or facial recognition. Leveraging the capabilities of the Mobile Protector SDK, Enfuce’s customers can deploy

Visa research reveals more consumers adopting biometric solutions

Credit card firm Visa recently released new research which shows that biometrics are reaching mainstream use as retailers and consumers are increasingly adopting the technology, according to a report by Essential Retail. Consumers are increasingly embracing biometric technologies such as face recognition and fingerprint authentication within the retail environment, the study finds. Natasha Toothill, head of merchant services at Visa, said that consumers were previously skeptical about biometrics. However, with technologies like face recognition being adopted by airports, the majority

Android Pay feature could use face recognition for loyalty programs

Google has uploaded a new version of its Android Pay application to the Play Store that could potentially include a feature to authenticate loyalty programs at retailers and waive payments, according to a report by 9 to 5 Google. Earlier this year, Google discontinued the Hands Free pilot program it launched in early 2016 that allowed users to make payments at retailers using Wi-Fi, Bluetooth, and visual authentication. At the time, Google attributed the decision to turning its focus on

Visa testing behavioral biometrics for use in future social payments

Visa is testing and refining a range of behavioral biometric technologies including voice recognition and ambient authentication, in preparation for the next generation of social payments, according to a report by International Business Times. The credit card giant is looking to work with social payment platforms to create secure transactions that don’t require the level of intervention by the payer that they perhaps do today. “If your screen is always on and you are looking at it while you are

NXT-ID, Fit Pay, Inc. enter letter of intent to combine businesses

NXT-ID, Inc. and Fit Pay, Inc. have entered into letter of intent to combine their businesses in a deal that includes stock and cash consideration. The press release specifies that NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a critical component to our payment and authentication products, but also a platform which will enable a whole new suite of offerings including payments, credential management, and secure authentication

Oxford Economics study reveals consumers want biometric security measures

Oxford Economics released a study titled “The Future of Money: How digital payments are changing global commerce”, which finds that both consumers and business executives want biometric security measures when using payment methods, according to a report by betanews. The report, for which Oxford Economics interviewed 2,000 consumers and 300 business executives, finds that 70 percent of consumers would like fingerprint scans or facial recognition, and 67 percent iris recognition. Business executives tend to be more traditional, with 64 percent

Singapore’s new digital identity system to include biometrics

The Singapore government is evaluating biometrics, open APIs and e-payments for its new digital identity system, according to a report by GovInsider. “I have asked the team to look at three features in the short term,” Minister in charge of Smart Nation, Vivian Balakrishnan, said in Parliament. “One, to include biometric elements; two, to enable encryption; and three, to have open Application Programming Interfaces.” Biometrics could allow citizens to use their fingerprints to login to services, while the encryption function

National e-payment plan driving biometrics growth in Thailand

Efforts by the government of Thailand are contributing to growth and optimism at companies providing biometric identity systems in the country. The Thai government announced the roll-out of a national e-payment system last year, and the Bank of Thailand seperately notified financial institutions of the need to update customer’s password verification protocols due to fraud. Now, Singapore-based identity management firm i-Sprint Innovations has selected DataOne Asia Thailand as its local authorized distributor, the Bangkok Post reports. “Apart from Singapore, Thailand

Cartes Afrique

Cartes Afrique April 27-28, 2017 Marrakech, Morocco Every year, Cartes Afrique gathers hundreds of leaders and experts of the Payment industry who are looking to learn about the latest innovative solutions in the market and to discuss the evolving role of e-Gov implementation in the region. Through a rich conference program with over 30 conferences, 40 speakers, 12 innovation sessions, 1 day workshops, and a 2,500 m² exhibition space, Cartes Afrique 2017 is undoubtedly the annual event not to be