Payments News
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Security

Fingerprints, G+D Mobile Security Collaborate on Biometric Payment Cards

“Swedish biometrics company Fingerprint Cards has teamed up with Giesecke + Devrient (G+D) Mobile Security to deliver contactless biometric payment cards. Currently, the offering is being piloted by Crédit Agricole in France . It features Fingerprints’ T-Shape module sensor, a part of the 1300-series. The sensor, equipped with ultra-low power consumption, is designed to be […]

On The Web

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Tech

LG Pay Goes Live in the US With NFC and Mag Stripe Mobile Payments

“LG has launched its LG Pay mobile payments service in the US, enabling owners of its G8 ThinQ smartphone to make payments via NFC in stores equipped with a contactless POS terminal — and in stores with a magnetic stripe terminal using Wireless Magnetic Communication (WMC). WMC enables phones to generate wireless magnetic data pulses […]
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Regulation

UK Open Banking Implementation Entity Launches New Fingleton And ODI Report Examining The Purpose, Progress And Potential Of Open Banking

“Some key priorities and recommendations for Open Banking identified within the report include improving payments capabilities and refund functionality, the development of Premium APIs and improving consent protections for consumers. In addition to this, and echoing recent reports from BEIS, the Furman Review, the Smart Data Review, amongst others, it is clear that the Open […]
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Tech

Wall Street Finds Blockchain Hard to Tame After Early Euphoria

“But a review of 33 projects involving large companies announced over the past four years and interviews with more than a dozen executives involved with them show the technology has yet to deliver on its promise. At least a dozen of these projects, which involve major banks, exchanges and technology firms, have not gone beyond […]
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Regulation

Facebook’s Crypto Woes Deepen as Mnuchin Joins Parade of Critics

“Speaking from the White House, Mnuchin said he has serious concerns about the national security implications of Facebook’s coin and other virtual currencies. He said the potential for money laundering and other illicit activities is high, and vowed that Treasury would crack down on law breakers when it finds them.”
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Deals

EBay Picks up Over 5% Stake in Paytm Mall – ETtech

“Ebay said its global inventory will be available to over 130 million active users on Paytm Mall and Paytm’s app ecosystem as part of the deal. The companies did not disclose the investment amount, but sources close to the transaction said the financing round is about $150 million.”
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Systems

Highlights From Facebook’s Libra Senate Hearing

“Facebook will only build its own Calibra cryptocurrency wallet into Messenger and WhatsApp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today . While some, like Senator Brown, blustered that “Facebook is dangerous!,” others surfaced poignant questions about Libra’s risks.”