South Africa’s First National Bank (FNB) has added a new feature to its mobile app that enables users to make peer-to-peer payments via GPS technology. The new “GeoPayments” service leverages a smart phone’s embedded GPS chip to connect FNB banking app users up to 500 meters apart, enabling them to wirelessly send and receive funds […]

Internet fraud prevention and authentication provider TeleSign has teamed up with Intel Corp. for a secure two-factor authentication product targeted to consumers and enterprises. The collaboration pairs Intel Identity Protection Technology (Intel IPT) with TeleSign Two-Factor Authentication so that it can be offered beyond Intel Ultrabook devices and the third generation of Intel Core vPro-powered […]

CSC has partnered with identity authentication technology and services provider Daon to produce a biometric multifactor authentication service for the banking industry. The product, called ConfidentID Mobile, provides in and out-of-band identity authentication for transactions in multiple channels, including online and mobile. The service, built on Daon’s IdentityX platform, combines passwords, PINs and PKI security […]

MasterCard has announced PayPass Wallet Services, a new global offering for banks, merchants and partners that will enable customers to make purchases in stores or online using a smart phone or tablet. PayPass Wallet Services includes three distinct components: PayPass Acceptance Network (PayPass Online and PayPass Contactless), PayPass Wallet and PayPass API. PayPass Acceptance Network […]

BlackBerry smart phones account for 80% of NFC-enabled phones in the UK, according to RIM senior director of sales and operations, Gerry Kelliher “Eighty percent of mobile devices with NFC sold through retail in Q1 2012 were [Blackberry] NFC devices, compared to 72 percent in 2011,” Kelliher told The Inquirer. “We’ve shipped devices from last […]

Denizbank, a private bank with 588 branches in Turkey, has joined Turkcell’s Cep-T Cuzdan platform, enabling its customers to make contactless payments with their NFC-enabled handsets. Customers can now apply for the service via SMS, and Denizbank will provision them a prepaid mobile account that can be used wherever MasterCard PayPass contactless payments are accepted. […]

Romanian bank BRD, a unit of Société Générale, has selected Oberthur Technologies to supply multi-application payment cards. These cards have payment scheme applications, as well as the ability to host transport, access control, PKI or biometric apps. BRD will be launching the MultiPass Transport card, which Oberthur developed in collaboration with Bucharest transport operators RATB […]

The RBC Royal Bank Bluesfest, an annual outdoor music festival that takes place each July in downtown Ottawa, Canada, is adopting RFID technology to innovate with access control and cashless payment systems. More than a quarter-of-a-million music fans will be able to use their RFID “Bluesband” wristband to pay for food, drink and other goods […]

The introduction of biometric multimodal fusion has helped lead to greater accuracy in biometric authentication, but its adoption rate is still overall fairly low, reports ZDNet Asia. Biometric authentication today is relying on more methods to determine a person’s identity. Rather than just using fingerprints, identities can be determined through face, iris, vein and body […]

The German Banking Industry Committee has partnered with Infineon Technologies to launch one of Europe’s biggest contactless payment trials in the metropolitan area of Hanover, Braunschweig and Wolfsburg. The “girogo” project will offer more than 1.3 million bank customers tap-and-go payment functionality at an array of merchants, shops and gas stations. The contactless bank cards […]