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.
In this edition of The Mobile Wallet Report we reveal how the launch of Apple’s new iPhones and iOS7 gives a major boost to Bluetooth Low Energy technology and fingerprint biometrics; PayPal is to offer merchants a Bluetooth LE device with WiFi capability to process “hands-free payments”; a second Luxembourg bank integrates low-cost mobile payments platform Digicash into its mobile banking service; and more…
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.
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