Author Archives | Steve Atkins

Contactless POS transactions closing in on $500bn by 2017

The global value of contactless POS (point of sale) terminal transactions, conducted in-store via cards, mobile and wearables, will approach $500 billion per year by 2017, from an estimated $321 billion this year, according to a new study from Juniper Research. The low value nature of contactless payments means that their value will only represent […]

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Is Canada moving towards a cashless society?

According to a prediction by Moneris Solutions Corporation (“Moneris”), Canada’s leading credit and debit card processor, by 2030 cash purchases will make up only 10 per cent of money spent in Canada. Compared to 35 per cent of overall transactions in 2014, the 70 per cent decline will coincide with an increase in the use […]

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Valeo and Gemalto want to turn your smartphone into a secure car key

Just imagine that your smartphone was also your car key. Not just a car key but a SECURE car key. It’s not so far-fetched an idea if you consider what automotive supplier Valeo is doing. They have just partnered with Gemalto to ensure the security of its virtual car key system called Valeo InBlue®. With […]

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Contis Group develops real-time contactless solution to combat fraud

Source: Contis Group Recent industry news has brought to light the worrying issue of fraud relating to contactless cards. Contactless cards are increasingly popular in the UK, with the value of contactless purchases increasing by 232% in the past year to reach almost £1.9 billion in total. Although this take-up in the UK is significant […]

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Lenovo and BMCA launch contactless mobile transport service in China with OT

OT (Oberthur Technologies) have announced the commercial launch of Lenovo Transit application with the electronic payment and settlement service provider BMAC (Beijing Municipal Administration and Communications Card Co.,Ltd.) on Lenovo X3 smartphones thanks to the eSE PEARL by OT®. With OT’s NFC embedded Secure Element, end-users can now use their Lenovo X3 smartphone to install […]

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Brits trust banks more than the Government with their biometric data

Source: Visa Britons are placing their trust in banks over government agencies, according to new research from Visa to protect their biometric data such as fingerprints and iris scans. Consumers are nearly twice as likely to trust banks to store and keep their biometric information safe (60%), than they are to trust government agencies (33%). […]

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imaginBank: Simpler banking for the digital age.

Sirpa Nordlund, Executive Director, Mobey Forum catches up with Jordi Guaus, Head of Digital Marketing, CaixaBank, to get the inside track on imaginBank and its new mobile-only proposition. I don’t need an elaborate banking service with branches, passbooks, letters in the post, an annual financial review and a bank manager that knows my name. Interest? […]

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IBM, Bank of Tokyo-Mitsubishi UFJ to pilot blockchain for contract management between themselves

IBM has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using blockchain technologies. The two companies will begin by piloting blockchain to automate business transactions between the two companies. This is one of the first projects built on the Hyperledger Project […]

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