Shannon Airport deploys face recognition
Ireland’s Shannon Airport has become the first airport in Europe to have facial recognition technology introduced for U.S. preclearance. The new technology is a further boost to Shannon which back in 2016 became the first airport in the world to operate a combined EU and US TSA checkpoint systems, halving the time spent in security screening […]
The Launch of Faster Payment System (FPS)
The Hong Kong Monetary Authority (HKMA) announced the launch of the Faster Payment System (FPS) today. The FPS is one of the seven initiatives announced by the HKMA in September 2017 for preparing Hong Kong to move into a new era of Smart Banking. The FPS operates on a round-the-clock basis and connects banks and […]
South Korean shop launches face payments
South Korean convenience store chain GS25 has opened up a cashier-less store in Seoul that uses face recognition. Key technologies used at the outlet include a face recognition system for payments and for the opening and closing of the entrance. The shop also has a checkout counter, which automatically scans items for payment by analyzing […]
Visa takes on M-Pesa with Kenyan mobile payments service
Visa is teaming up with several Kenyan banks on a service that aims to break M-Pesa’s stranglehold on the country’s mobile payments market. The new mVisa offering enables consumers to access all of the funds in their bank accounts to pay merchants and people. Co-Operative Bank, Family Bank, KCB, and NIC Bank have signed up […]
Card payments worldwide set to increase 55% to $417bn
According to Global Payment Cards Data and Forecasts to 2021, the total number of card payments worldwide increased by 15% in 2015 to $270 billion, almost double the 8% rise in card numbers. The research indicates that consumers around the world are increasingly turning to cards to make purchases. In Thailand, for example, a central […]
£14 billion lawsuit against MasterCard edges closer to UK courts
Lawyers handling a £14 billion class action lawsuit against MasterCard have handed in a 600-page sheaf of documents to the Competition Appeals Tribunal (CAT) in the UK in support of allegations that the card scheme imposed “illegal” interchange fees that were ultimately borne by UK consumers. The claim, brought under the Consumer Rights Act of […]
Number of card payments increased 15% last year
According to RBR’s Global Payment Cards Data and Forecasts to 2021, the total number of card payments worldwide increased by 15% in 2015 to 270 billion, almost double the 8% rise in card numbers. The research indicates that consumers around the world are increasingly turning to cards to make purchases. In Thailand, for example, a […]
Sudan May Have 4G Service Within Months
Sudan’s mobile networks will launch 4G services within the next three months, the country’s Minister of Science and Telecommunications Tahani Abdullah has announced. However, apart from that declaration, she offered no details to theSudan Tribune of which networks would launch the service, or what the coverage would be like. “The entire Sudan will be covered by […]
£12.8 billion to be sent through digital banking by 2020
The Future Trends in UK Banking report from the Centre for Economics and Business Research (Cebr) and Fiserv predicts that the use of online, mobile and digital banking will continue to increase in the coming years. The Cebr/Fiserv study predicts that the total value being moved through mobile banking apps is expected to double by […]
Airtel and Verifone team on mobile NFC payments in Ghana
Mobile network operator Airtel has teamed up with Verifone Mobile Money to bring contactless m-payments to Ghana. Under the deal, NFC-enabled POS terminals will be provided to Airtel Ghana merchants around the West African country. The telco’s 1.5 million Airtel Money customers will then be able to pay from their mobile wallets either with their […]