NFC World

News from the NFC World journal

UOB lets customers use its mobile banking app to link debit and credit cards to third-party apps

Customers of Singapore’s United Overseas Bank (UOB) can now use its UOB Mighty mobile banking app to add their debit and credit card details directly to third-party apps, avoiding the need to separately enter their card details and providing an additional reason for customers to engage with their banking app. “UOB has teamed up with

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Singapore adds face verification to national digital ID service

Citizens using Singapore’s SingPass national digital ID system can now use face verification to securely authenticate themselves when accessing a growing range of government and commercial services on their mobile phone, computer or in government agency kiosks. SingPass Face Verification gives SingPass holders the ability to provide proof of presence when carrying out online tasks

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PSCU reports 70% increase in US mobile debit card transactions

The weekly volume of mobile wallet debit card transactions in the USA has increased by 70.3% compared with this time last year, while weekly mobile wallet credit card transactions have grown by 50.4% over the same period, according to the PSCU’s latest Tracking Transaction Trends report. “Mobile wallet (ie ‘Pays’) transactions and purchases for both

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Google Pay adds bill splitting, movie bookings and scratchcard rewards in Singapore

Google Pay users in Singapore can now divide bill payments between groups of family and friends, book cinema tickets and receive rewards via virtual scratchcards. “Singapore is the first country where Google Pay users can form groups to organise and manage payments, as well as divide bills and other joint expenses within the app,” Google

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Austrian gin maker authenticates limited-edition bottles with NFC and blockchain

Buyers of a premium limited-edition gin distilled in Austria will be able to verify a bottle’s authenticity and track how many remain available for sale by using their NFC phone to scan a crypto-enabled NFC chip fitted to the label. Blockchain developer Block42 will fit 999 bottles of the limited-edition gin distilled by Austrian company

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Strong customer authentication requirements could cost European retailers €100bn in lost sales

The introduction of the 3D Secure 2.0 (3DS2) protocol for strong customer authentication (SCA) could cost European retailers more than €100bn (US$116.7bn) in online sales in 2021, payments consultancy CMSPI predicts. SCA aims to reduce credit and debit card fraud but two-factor authentication technology “remains relatively new and unproven” and “adds significant unnecessary friction to

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