“In a statement announcing the biometric smart card, OT-Morpho emphasized its use for everyday EMV payments…”
OT-Morpho has officially announced its biometric payment card solution at this week’s Money20/20 Europe expo.
Money20/20 Europe: OT-Morpho Unveils Biometric Payment CardThe card features NFC technology for contactless payments, and is EMV compliant. Of course, the standout feature is its embedded fingerprint sensor, with the card using OT-Morpho-developed algorithms to confirm the cardholder’s identity, and biometric data stored securely on the card.
In a statement announcing the biometric smart card, OT-Morpho emphasized its use for everyday EMV payments, but also noted that could be used to “help governments distribute social benefits, knowing that they reach no one else than the eligible (proof of life) citizen.”
The company did not mention the source of the card’s fingerprint sensors, but it’s worth noting that Mastercard’s trials of biometric payment cards earlier this year used a fingerprint sensor provided by IDEX together with technology supplied by Safran Identity & Security, which has since merged with Oberthur Technologies to form OT-Morpho.
The multi-currency crypto wallet BIT.AC has announced the support of 22 new cryptocurrencies.
The new list of coins includes Gnosis, Golem, Iconomi, BAT, Xaurum, Edgeless, Trustcoin, Pluton, Augur, iExec, Melon, Wings, Singular, Aragon, FirstBlood, vSlice, Time, TokenCard, BCAP, Guppy, Lunyr and TAAS. In addition, BIT.AC enables users to instantly convert one type of cryptocurrency into another.
The platform uses “cold storage” technology to protect servers from the risk of external intrusion. In addition to web-based wallets and instant exchange platform, BIT.AC also offers Android application for mobile users.
dLocal has announced that it supports payments through WeChat Pay, AliPay and Union Pay on its platform.
Together, the three online payments providers cover 70% of the Chinese market which had a value of USD 2.9 trillion in online payments in 2016. The new integration allows merchants on the dLocal platform to reach 300 million Chinese consumers.
The company’s payments platform supports over 200 local payment methods used in emerging markets in APAC, Latin America, Eastern Europe and the Middle East. dLocal supports local credit cards, cash payments, and bank transfers in each region. Merchants that accept payments through dLocal can enable WeChat Pay, AliPay, and Union Pay with just one click.
Apple Paylaunched in Russia last month in partnership with Sberbank for MasterCard cardholders, and today the mobile payments service has expanded to nine additional financial institutions in the country.
Eligible cards can be added to Apple Pay by tapping “Add Credit or Debit Card” in the Wallet app on iPhone 5 and later running at least iOS 8.1.
Participating retailers include ATAK, Magnit, Media Markt, Auchan, Azbuka Vkusa, bp, M.Video, TsUM, authorized Apple reseller re:Store, and elsewhere contactless payments are accepted. Burger King is also listed as a future partner once it implements contactless payments infrastructure in the country.
Apple Pay is currently available in the United States, Australia, Canada, China, France, Hong Kong, Japan, New Zealand, Russia, Singapore, Switzerland, and the United Kingdom. Apple Pay vice president Jennifer Bailey has said Apple is “working rapidly” to expand the service to additional countries in Asia and Europe.