Accurate Biometric announced it has been awarded a contract from the FBI for its Integrated Automated Fingerprint Identification System (IAFIS). The contract is a significant one for Accurate as it enables them to offer same-day FBI fingerprint submission services for criminal background checks to clients such as housing authorities, Indian reservations and banks. Other areas […]

Absa, the largest consumer bank in South Africa, has announced an internal trial of NFC-enabled contactless payments, according to IT News Africa. Scheduled to kick off later this month, the pilot will see 500 Absa employees equip their BlackBerry smart phones with NFC-enabled MicroSD cards that can be used to make contactless payments. Participants will […]

Visa Europe has announced that six of Germany’s leading banks are launching Visa payWave contactless services in 2012. BW Bank, comdirect, DKB, Landesbank Berlin, TARGOBANK and Volkswagen Bank have all confirmed their plans to roll out payWave technology by the middle of next year. Contactless payments are based on EMV technology, where a card terminal […]

Barclaycard Global Commercial Payments has announced the launch of the UK’s first contactless corporate payment card. All new cardholders can make purchases of £15 or under by simply holding the card over a reader. Aside from greater convenience for customers, the cards enable businesses to track all small transactions that until now were typically made […]

The Netherlands will have to wait another year for the EU to approve its nationwide mobile payments scheme, according to the Register. A consortium comprised of six banks and telecoms – including ABN AMRO, ING, KPN, Rabobank, T-Mobile and Vodafone – originally intended to launch NFC-enabled mobile payments in 2012, but has now reset the […]

Sallie Mae is rolling out fee free ATMs on select campuses which enable student checking account customers to withdraw cash surcharge-free using their Sallie Mae Debit MasterCard. Together with retail ATM owner Cardtronics, Sallie Mae plans to launch and give students access to more than 35,000 Allpoint Network ATMs nationwide. Use of the new technology […]

Auto-resolution technology provider Aeptra and authentication services firm TrustID have formed a technology partnership to improve financial institutions’ ability to recognize and prevent telephone-based fraud. In this partnership, the companies have integrated Adeptra’s Decision Engine product with TrustID’s Automatic Caller Authentication to create a solution that credentials callers’ identities and detects and prevents caller-ID and […]

Global private equity firm Advent International completed the acquisition of the Card Systems and Identity divisions of Oberthur Technologies, after workers’ council consultation and market authorities’ approval of the transaction. Advent and its management now control 90% of Oberthur’s capital, with the remaining 10% stake being held by Oberthur group founder Jean-Pierre Savare and his […]

MasterCard and mFoundry have announced a partnership to enable more banks and credit unions around the world to offer customers contactless mobile payments. The collaboration will combine MasterCard’s PayPass technology with mFoundry’s mobile financial services platform, which is used by more than 560 U.S. banks and credit unions. The resulting service will allow customers to […]

Louisville, Ky.-based Electronic Verification Systems (EVS) has announced it’s planning to concentrate on providing fraud prevention and identity verification products for the FFIEC supplemental guidance to authentication in an Internet banking environment. EVS plans to do this through its IdentiFlo Management Platform, which provides upfront identity verification as assurance that out-of-band authentication is accurately maintained. […]