FIDO Alliance Ecosystem Exceeds 360 Certified Products

Data

“A company needs only to perform the Conformance Self-Validation using FIDO’s test tools, complete its Interoperability Testing, and then submit documentation for final certification; after that, it’s just a matter of deciding how to implement FIDO’s trademark.”

There are now over 360 devices supporting the FIDO Alliance‘s authentication standards, the international consortium has announced.

FIDO Alliance Ecosystem Exceeds 360 Certified ProductsThe new watermark suggests rapid growth in the FIDO ecosystem, with the Alliance having announced that it had reached 335 FIDO Certified products in April. The latest additions to the roster come from some big names including HYPR Corp., ING, Shenzhen National Engineering Laboratory of Digital Television Co., and more.

In a statement announcing the new milestone, the FIDO Alliance Technical Director Adam Powers emphasized the simplicity of the FIDO certification process. A company needs only to perform the Conformance Self-Validation using FIDO’s test tools, complete its Interoperability Testing, and then submit documentation for final certification; after that, it’s just a matter of deciding how to implement FIDO’s trademark.

Powers added that FIDO is now “looking forward to new certification programs being developed to accommodate new specifications and maturing requirements for organizations implementing and deploying FIDO-based solutions,” and said that announcements about those initiatives can be expected in the coming months.

Source: MobileID World

Qualcomm’s Ultrasonic Fingerprint Sensors Use Precise Biometrics Software

“While the ultrasonic scanning is enabled by the sensor hardware, their biometric matching is the product of Precise Biometrics’ flagship software platform, Precise BioMatch Mobile.”

Precise Biometrics algorithm software is being used in Qualcomm’s new ultrasonic fingerprint sensors, the company has revealed.

See the full article here.

SWIFT gpi Blockchain POC Has 22 New Members

SWIFT has announced that 22 additional global banks have joined its blockchain proof of concept (PoC).

The PoC was designed to validate whether the technology can help banks reconcile their international nostro accounts in real time and is part of the SWIFT gpi (global payments innovation) service, the new standard for cross-border payments.

See the full article here.

PayNow Will Complement ePayment Apps in Singapore

The PayNow fund transfer system that goes live on July 10 will not replace existing e-payment apps and methods but make them even easier to use, banks say.

PayNow will allow people to transfer money to one another using just the recipient’s mobile or NRIC number. The Association of Banks in Singapore announced it on Tuesday as an important step towards developing a cashless society.

Customers of seven participating banks – DBS Bank, OCBC Bank, United Overseas Bank, HSBC, Standard Chartered Bank, Citibank and Maybank – who want to send and receive money through PayNow will have to link their mobile and NRIC numbers to their accounts, either through the bank’s website or mobile app.

See the full article here.

Malaysia: No More Signing for Card Payments

Data

Goodbye signatures, hello personal identification numbers (PIN). It is all systems go for the nationwide transition to PIN and Pay on 1 July 2017.

PINs will be mandatory for all transactions over the counter using credit and debit cards.

Today marks the end of the six-month grace period where cardholders and merchants were allowed signatures for transactions.

A smooth transition is expected, with most cards and point-of-sale (POS) terminals being replaced and a vast majority of cardholders using their PIN for payment.

Close to 23 million payment cards have been replaced, translating to 100% of credit cards and 98.5% of debit cards as of May.

See the full article here.