Fingerprints, voice prints, palm vein patterns, face recognition and iris scans are all now being tested for verifying a consumer’s identity for payments at the point of sale and to protect access to mobile wallets, online commerce, mobile banking applications, individual apps on a device and physical locations. We take an in-depth look at the latest developments.
A detailed new report from the World Bank member IFC explains why many mobile financial services fail to take off, PXT’s Looped In payments and marketing app for college students is gathering pace with 125 merchants now signed up in the Boston area, and Timberland puts plans in place to roll out Bluetooth LE marketing after a successful pilot.
Borica Bankservice’s Bogdan Stavrev explains how Bulgaria’s new Mobb national mobile payments platform works, a national mobile payments service to launch in Colombia this year, and BNP Paribas Fortis’s Gunter Uytterhoeven explains how the new Belgian Mobile Wallet platform has been designed to meet merchants’ needs.
In this 20-page edition of The Mobile Wallet Report we exclusively reveal how MCX’s wallet will work, and examine each of the five main ways in which wallet providers are addressing the issue of how to architect enterprise-grade cloud payments — and at the major players that are following each of these possible routes to market.
This 42-page report from the NFC World team examines PayPal’s plans for expansion in the international in-store payments market in 2013 and analyses the strengths of the online payments giant’s technical armoury, its vision for a digital wallet in the cloud, its ability to scale at speed and the likelihood of it gaining widespread consumer and merchant acceptance — as well as the possible reasons why the company is so negative about the prospects for NFC.
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