Delhi Metro feeder e-buses begin plying; entry through smart cards
In a first for Delhi Metro Rail Corporation (DMRC), state-of-the-art feeder electric buses began operations in the city from Thursday to boost last-mile connectivity for commuters with the Delhi Metro network.Only passengers having a Delhi Metro smart card or metro DTC smart card will be allowed to avail the services of these e-buses, officials said. These e-buses […]
Behavioral Biometrics for Customer Authentication
Distinguishing between a criminal and an honest person when both enter valid information on a credit application has been a successful application of behavioral biometrics for almost 10 years. Using behavioral biometrics as a second authentication form factor to secure online bill payments and ecommerce transactions is a new application of that technology.BioCatch is first […]
How Identity Has Become The ‘Linchpin’ Of The Digital Economy
Not so long ago, identity wasn’t really an area of concern in the financial services ecosystem, or the economy at large. Fast-forward a decade and several thousand data breaches later, and these identity abuses have had a profoundly persuasive effect on the industry when it comes to ensuring that the person on the other side of the […]
CONTACTLESS CARD TRANSACTION VALUES TO REACH $2.5 TRILLION IN 2021
Growth of 45% between 2020 and 2021 Hampshire, UK – 27th July 2021: A new report from Juniper Research has found that global contactless card transaction values will reach $2.5 trillion in 2021, from $1.7 trillion in 2020, with cards retaining the majority share of overall contactless transaction values at 79% in 2021. The pandemic has significantly accelerated […]
Global uptake of biometrics expected to rise in 2015
ABI Research forecasts $3.1 billion global revenues in 2015 for biometrics in the consumer and enterprise sectors, with much of the growth coming from smartphone solutions, according to recent reports published by the firm. Rapid advances in the biometrics field will drive further smartphone hardware upgrades, ABI said in a press release. Meanwhile, pioneering algorithm design and […]
Biometric ID cards being introduced
The Civil Registry and Migration Department said on Thursday that as of next Tuesday all new ID cards issued to Cypriot citizens would be biometric The change to the migration law would be published in the official government gazette on Friday, a statement said, allowing the move to go ahead. The department said identity cards […]
Beijing to issue 5 million smart cards
Beijing will issue five million smart cards in 2015, including health cards and those for the elderly, the Beijing Morning News reported. Beijing has so far issued more than 15 million social security cards and over 70 million municipal transportation cards; meanwhile, the number of patient ID cards issued by hospitals has exceeded 100 million. […]
Visa launches mobile location service to cut declined card payments
In an effort to cut unnecessary purchase declines, Visa is set to start identifying cardholders when they make purchases on their travels through mobile phone geo-location data. Visa estimates that issuing financial institutions spend hundreds of millions of dollars annually to manage customer service calls related to pre-travel requests and to research declined transactions. To […]
Mobile payments reach tipping point – Deloitte
The use of mobile phones for making in-store payments is set to grow by 1000% during 2015, marking a mass-market tipping point for NFC-enabled transactions, forecasts Deloitte. 2015 will be the first year in which the multiple prerequisites for mainstream adoption – satisfying financial institutions, merchants, consumers and device vendors – have been sufficiently addressed, […]
RBR study finds ‘significant’ potential for contactless in Europe
Contactless has been the focus of much attention in the payments industry over the past few years, yet only a small proportion of suitable European card payments are contactless, suggesting significant potential for growth, according to a newly published study, “Global Payment Cards Data and Forecasts 2013–2019,” from research and consulting firm RBR. Contactless cards […]