Barnes International announced that its updated Visa GPR Test module now complies with the latest version of Visa’s Global Personalization Requirements. The updated test tool will offer evaluation of a chip product to ensure it meets industry and payment scheme certification standards. This reduces a product’s time to market as the chip is aligned to […]

In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore. The Strait Times reports that by 2014 all ATM cards will need to have smart chips embedded in them to increase their security. This plan has […]

ValidSoft partnered with Opus Research and released a report titled “Voice Biometrics Authentication Best Practices: Overcoming Obstacles to Adoption” that predicts the technology will be deployed in payment authentication assuming the best practices it lays out are followed. Chief among the reasons for an increase n the use of the modality is the increased use […]

German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village. Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality. Using the new cards, bank […]

Internet fraud prevention and user authentication provider TeleSign and IP geolocation and online fraud detection company MaxMind have joined forces to create a multilayer fraud prevention service. The minFraud service integrated with TeleSign Telephone Verification and PhoneID combines MaxMind’s geolocation and fraud-risk scoring services with the TeleSign verification services to fight various types of fraud. […]

MTN Irancell, one of Iran’s mobile operators, has teamed up with Etick Pars Intelligent Technologies and Bank Pasargad to develop a mobile wallet solution for the Iranian Market. According to Telecompaper, Etick and Irancell plan to test a system that will enable customers to make contactless mobile purchases from a prepaid account that can be […]

India is emerging as one of the world’s fastest growing smart card markets, according to a new research report by RNCOS. With more than one billion in population and increasing modern application areas, India is anticipated to grow at a compound annual growth rate of approximately 15% during 2011-2014. A number of government-run programs, like […]

la Caixa and Visa Europe have begun rolling out their contactless payment system in Barcelona. The bank is set to make all cards and point-of-sale across Barcelona contactless, requiring the distribution of 1 million cards and more than 15,000 new POS terminals. The first cards are expected to go into circulation as early as January, […]

PayPal has begun testing new mobile payments software at five Home Depot stores in the U.S., according to American Banker. PayPal’s system offers an alternative to NFC-based mobile payments solutions like Google Wallet, enabling consumers to make payments directly from their PayPal balance by simply punching in their phone number and PIN. Merchants also have […]

DeviceFidelity and SpringCard have unveiled moneto, a multiplatform mobile wallet solution for iPhone and Android users. Much like DeviceFidelity’s In2Pay solution, moneto relies on a protective iPhone case equipped with an NFC-enabled microSD card. The moneto mobile wallet is powered by MasterCard PayPass technology and linked to a reloadable MasterCard prepaid card to enable contactless […]