London-based Masabi, a specialist in mobile ticketing and innovative fare collection for transportation, snagged a $12 million funding round.
Oregon’s Azuga Insight mobile application is now here as well as the addition of four exciting new features to its suite of value-added services for participants in OReGO, the nation’s first pay-by-the-mile program that was launched this summer by the Oregon Department of Transportation (ODOT).
Walgreens launched its app for Apple Watch that helps people take medications as prescribed through the easy-to-use Pill Reminder and Refill Reminder features as well as make easy payments. Walgreens also announcedthe planned integration of Balance Rewards with Apple Pay, coming this fall to stores with the launch of rewards support for Apple Pay.
Next week FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication. The FIS One-touch CardLess Cash is revolutionary in the U.S. market.
Oslo-based NEXT Biometrics has been chosen to provide its fingerprint imaging sensor in the new BIO-key EcoID, a low-priced compact USB touch fingerprint reader.
A new survey finds 75% of respondents who used NFC were very satisfied with their experience. More than 75% of respondents indicated an interest in viewing additional product information including inventory and availability via NFC.
Global online and mobile payments worldwide may reach three trillion Euros by 2018. Mobile payment outpacing online and the total payments market.
Paypal now lets Samsung Galaxy S5 and Tab S users swipe their fingerprint to log in to pay with PayPal at millions of businesses. We also made it really easy for people to pay at local stores right from their Gear 2 and Gear Fit smart watches. Instead of pulling out a wallet (or a phone for that matter), shoppers pay right from their wrist. By giving more people the option to login with their fingerprint to pay with PayPal, they expand efforts with the Fast IDentity Online (FIDO) Alliance to move more of the industry beyond passwords. You’ll find these experiences globally across the latest smartphones and a new generation of wearables.
Entersekt announced Swisscard AECS AG has implemented its mobile application Transakt to enable safer, more user-friendly 3-D Secure protection of online purchases. Swisscard is a joint venture between Credit Suisse AG and American Express. Designed to serve as an added layer of security for e-commerce purchases, 3-D Secure has significantly reduced fraud rates, but has proved unpopular with consumers and merchants owing to the cumbersome user experience of many current implementations. Entersekt’s card-not-present authentication solution reinvents the 3-D Secure user experience by enabling consumers to authenticate purchases through their mobile device with the touch of a button.When shoppers registered for the service initiate a transaction on a 3-D Secure e-commerce web site, they receive a push message on their mobile phone with the payment details. They then choose an “Accept” or “Reject” response.
LifeLock, Inc. announced the acquisition of mobile wallet innovator Lemon for approximately $42.6 million in cash. In addition, in connection with the transaction, LifeLock has agreed to issue equity customary for a transaction of this size that will vest over the next three years. In conjunction with the acquisition, LifeLock also launched a new app that utilizes Lemon technology to help consumers manage and protect their digital identity. This transaction marks the next step in LifeLock’s evolution by adding a comprehensive mobile platform to the company’s integrated identity protection services for consumers.
Malauzai m-banking SmartApps for community financial institutions launched SmarText capability that provides registered users with access to account balances and recent transaction history without having to perform a traditional login on the mobile application. SmarText combines the convenience and speed of text banking with the enhanced user-experience of mobile app-based banking. The function was developed in response to SmartApp usage data compiled by Malauzai that shows logging in as one of the most challenging tasks in mobile banking, mostly due to mis-typed information. The SmartApp usage data also determined that 76 percent of mobile banking sessions are short, and users only check their balance and transaction history during the time they are logged in. To provide a better user experience, Malauzai worked with City Bank Texas to make these features easily accessible to the bank’s customers.
Alibaba Group Holding Limited (“Alibaba Group”) and Alibaba.com Limited (HKSE: 1688; 1688.HK “Alibaba.com”) jointly announced that the proposal for the privatization of Alibaba.com by way of a scheme of arrangement (“Scheme”) has been approved by a sufficient majority of the independent shareholders of Alibaba.com at the Court Meeting today. Approximately 95 percent of the shares…