Payments News
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Security

Using Smartphones to Pay? That’s So Yesterday in China

“Chinese technology giants have leapfrogged U.S. companies in popularizing mobile payments. Now, they are trying to get people to bypass their smartphones and make payments by simply looking into screens. Ant Financial Services Group and Tencent Holdings Ltd. TCEHY 1.47% , rivals that operate, respectively, Alipay and WeChat Pay, China’s two largest mobile-payments networks, are competing […]
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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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Security

Why Paying With Your Palm Could Be the New Way to Shop

“Paying for your shopping could be about to get even simpler thanks to new technology from Fujitsu. The Japanese giant has shown off new biometric payment technology that will do away the need not just for cash at the checkout, but possibly debit or credit cards as well. Instead, Fujitsu’s “palm vein” system will use […]

On The Wires

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Security

Wirecard Further Digitizes Payment Processes for Indian Citizens Together With… | Wirecard

“Wirecard, the global innovation leader for digital financial technology, has partnered with India’s government-owned company UTI Infrastructure Technology and Services Limited (UTIITSL), to facilitate the issuing of physical and digital taxpayer identification cards, also known as PAN (Permanent Account Number) cards. For this, Wirecard’s retail agents in India collect documents needed for PAN cards, digitize […]
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Security

Mastercard Expands Digital Identity Commitment with Samsung Electronics

“Ajay Bhalla, president of cyber & intelligence at Mastercard, said: “Our digital and physical lives are merging and we need a digital identity solution that reflects this reality. Without control over how their data is used, people rely on outdated systems that can compromise their security. Our collaboration with Samsung advances a digital identity solution […]
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Security

Citi® Payment Outlier Detection Launches in 90 Countries

“Citi’s Payment Outlier Detection solution has launched in 90 countries. Created by Citi’s Treasury and Trade Solutions business, it uses advanced analytics, Artificial Intelligence (AI) and Machine Learning (ML) to help proactively identify outlier payments — payments that do not conform to clients’ past patterns of payment activity – and allows clients to review and […]
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Security

The Collaboration of Six Nordic Banks Results in a Joint KYC Company

“The collaboration of six Nordic banks results in a joint KYC company. Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop a platform for handling KYC (Know Your Customer) data. […]
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