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.
The European Central Bank sets out recommendations for mobile payments services, the CEO of Kopo Kopo explains how his company has enabled 10,000 Kenyan merchants to accept M-Pesa mobile money payments in their stores, and how ex-Google Wallet execs are set to bring Amazon-like customer awareness to brick and mortar stores.
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.
Canadian firms to take Bitcoin to the point of sale, we talk to the CEO of the certification authority as Icelandic citizens prepare to get mobile government IDs, and Mexican Coca-Cola bottler Bepensa Bebidas has introduced a B2B mobile payments service aimed at supporting small neighbourhood merchants.
Google breathes new life into NFC with support for Host Card Emulation (HCE) in Android 4.4 KitKat, Amex lets customers pay with Membership Rewards in New York taxis, and mobile location analytics firms agree to customer data code of conduct.
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.
Amazon pushes into payments, PayPal details the technology it will be using to enable customers to make payments at Discover merchants, and Loop unveils a mobile payment solution that works with standard magnetic stripe terminals and uses NFC technology to secure users’ card data.
As MasterCard, Visa and American Express propose a new digital payment standard, Mike Matan, head of global network business at AmEx, and Jim McCarthy, global head of innovation and strategic partnerships at Visa, comment on the technology options, rollout timing and thinking behind the plan.
In this edition of The Mobile Wallet Report we reveal how Royal Canadian Mint is to pilot its new digital currency; MasterCard tests QR payments at Yankee Stadium; Chinese payment services provider launches new mobile payment solution; the launch of the first mobile ticketing app in the US to work across multiple transit systems; and more…
In this edition of The Mobile Wallet Report we reveal how Chinese ecommerce giant Alibaba Group has signed up the distributors of 90% of China’s vending machines for a sound-based mobile payments rollout; US startup LikeUs Network has unveiled a mobile payment device that plugs into any vending machine to instantly start accepting payments via an app; Barclays has added QR codes to its Pingit mobile payment application; and more…
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