Edgar, Dunn & Company has released its 11th Annual Advanced Payments Report 2017 (APR 2017), sponsored by Wirecard, the global financial services and technology company.
The report provides perspectives and insights from payment industry executives, analysts, and stakeholders.
The report is available for free – download here.
Rivetz has announced the RvT cyber security token, created to combine computing with blockchain technology to offer privacy protection.
The solution enables multi-factor authentication across devices, to achieve security at the transaction and authentication level. Moreover, it will enable peer-to-peer transactions to have provable cyber controls that become a permanent part of the blockchain record, providing cryptographic proof that the measured protections were in place before a transaction. The app checks the status of a device before undertaking a task, such as connecting to the cloud.
Rvt token is built on a technology that has already been delivered on over a billion devices containing ARM-compatible processors. It takes advantage of the established features of the Trusted Execution Environment (TEE) to provide a vault on the device to enable machine execution of instructions that are subject to owner-led policy.
The launch of the RvT token sale is expected to take place on July 25, 2017.
Kapronasia and CANCAN have released a new survey on the spending habits of Chinese nationals when traveling abroad.
Hike messenger, a popular phone messaging service app in India, has recently decided to introduce payment services on its platform.
The payment service includes both peer to peer payments that do not require bank accounts and use in-app wallets, and bank to bank payments using the UPI platform introduced by the National Payments Corporation of India (NPCI). In doing this, Hike has emulated the services provided by WeChat, a Chinese messaging app owned by Tencent. The latter is also an investor in Hike. Such payments cater to both ad hoc requirements between app users, and special occasions such as birthdays or anniversaries on which people often send cash if they are not able to give a present.
Jumio has announced the partnership with digital bank Monzo, to verify new users and support know-your-customer (KYC) requirements.
Monzo will use Jumio’s Netverify to help verify customers who are moving from its prepaid card service to a full current account. This will enable the bank to comply with KYC requirements while removing the manual verifications from Monzo employees.
Jumio’s solution will also be used to verify existing prepaid card consumers and new people signing up for Monzo’s current accounts.
Jumio is an identity verification and credentials company that helps businesses reduce fraud. The company utilises proprietary computer vision technology to reduce customer sign-up and checkout friction.
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