NFC World

News from the NFC World journal

German cooperative bank pilots NFC kiosks that turn branches into one-stop service points

Customers of Volksbank Raiffeisenbank in Germany are taking part in the pilot of a self-service terminal designed to drive new revenue streams by making a wide range of additional services available in bank branches. “The VR eKiosk is a virtual product shelf that, thanks to the globally unique combination of its hardware and software, enables […]

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European Central Bank sets out case for a digital euro

The introduction of a digital euro “would support Europe’s drive towards continued innovation”, “strengthen the international role of the euro” and provide consumers with “free access to a simple, universally accepted, risk-free and trusted means of payment”, according to a new report published by the European Central Bank (ECB). The 54-page Report on a digital

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Transport for West Midlands unveils plans for regional smart ticketing system

Public transportation users in the West Midlands will be able to use a new ‘tap and cap’ smart ticketing platform to make contactless payments for their journeys across the UK region’s entire rail, bus and tram network by 2022, according to plans revealed by Transport for West Midlands (TfWM). “While smart ticketing initiatives exist in

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Mastercard to add merchant logos to transaction records

Mastercard users will soon be able to more easily identify and verify whether payments recorded on their online statements are legitimate as the card issuer starts linking merchant logos to any transactions a user has made with participating companies. The aim is to reduce transaction disputes and chargeback claims, Mastercard says. “Almost everyone has experienced

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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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