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A new survey conducted by Juniper Research has concluded that 40% of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. Instead, contactless payment users said they considered fingerprint sensors and voice recognition more appealing authentication methods – with 74% and 62% stating they are likely to […]
Earlier this month, Forrester principal analyst Brendan Miller observed that the success of mobile self-checkout is contingent upon bridging the loss prevention gap. As Miller notes, consumer demands and expectations have created a new alternative to queuing at many retailers. For example, Starbucks’ Mobile Order and Pay program now accounts for 20% of peak transactions […]
Rambus Payments CTO Chakib Bouda recently sat down with Pymnts.com to discuss the future of mobile wallets. According to Bouda, brick-and-mortar retailers are now seriously rethinking their approach to remaining competitive in the digital age as mobile and online eCommerce channels continue to consume a larger portion of consumer spend. “[Retailers are] seeing it not […]
Trip Chowdhry, managing director with Global Equities Research, tells George Avalos of The Mercury News that the digital wallet business has gotten off to a rough start. “There have been many false starts in this industry,” says Chowdhry. “The current payment methods are intrusive and they are not seamless.” Despite the growing pains and a continuously evolving […]
Nick Ismail of the Information Age has penned an article about the future retail experience in the era of Amazon Go and beyond. As Ismail notes, Amazon Go heralds a new way of thinking for the retailer-customer relationship. Image Credit: Amazon “Shopping won’t ever be the same again, thanks to the blend of digital, IoT […]
On March 21-23 2017, Rambus hosted the first Mobey Forum member meeting of the year in Rotterdam. Over 150 industry experts discussed the meeting’s topic ‘From Payments to a Buying Experience’ including subtopics such as disruption of wallets, IoT, blockchain, biometrics, AI.Host Card Emulation (HCE) technology is making it easier for banks to offer mobile […]
Transport Glossary AMS Asset Management System. Part of the back office data processing system (HOPS). The Asset Management System is responsible for the data modules within individual ticketing machines or Barriers (ISAMs) Rail Delivery Group (formally ATOC) Association of Train Operating Companies a coordinating body which brings together all train companies operating in Britain. Authentication […]
Last week, Google released the fifth and final developer preview for Android Wear 2.0. The dev preview includes a number of bug fixes and enhancements, along with support for NFC host card emulation (HCE) to enable easy mobile payments. As Jeff Chang, product manager of Android Wear at Google, told The Verge, the company will also […]
With mobile proximity payments projected to reach $92 billion by 2019, merchants and card issuers are reportedly rushing to release branded mobile apps that capitalize on both in-store and online payments growth. According to Javelin, hundreds of new payment apps will flood the market by 2018, although fragmented payments apps are ultimately expected to converge […]
Sarah Clark of Mitek recently told Pymnts that biometrics are perceived by both consumers and financial institutions as an ideal enabler for securely validating mobile transactions. “Based on the proliferation of mobile devices and the convenience these offer, Goode Intelligence predicts 1 billion customers will use biometrics to access banking services by 2017,” she explained. […]