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Smartmetric extends battery life of biometric card to 9 years

Smartmetric Inc., a manufacturer of biometric, fingertip-based credit cards, said that its biometric credit and debit card — slated for release in early 2020 — now has a battery shelf life of over nine years.

The card’s biometric fingerprint sensor and internal processor powers on automatically as soon as the cardholder touches the card’s fingerprint sensor on the card’s surface, according to a company press release.

“This means the card can stay unused by a user for a long time and when they go to use the card it will power up immediately; the user simply touches the card’s sensor,” Chaya Hendrick, Smartmetric’s president and CEO, said in the release.

Smartmetric, which is based in Bay Harbor Islands, Florida, said it has also made advances in its contactless NFC technology, which is activated for contactless transactions following the users instant fingerprint scan and match when they touch the biometric sensor on the card’s surface.

The card’s internal biometric scanner is powered by a thin rechargeable battery. The battery gets recharged each time the card gets used at a card reader.

The card will incorporate the operating system and payments chip of a “major global payments card chip supplier,” the company said. It will offer the card to more than 500 credit card issuing banks that are already using the chip supplier’s chip in their cards globally.

– ATMmarketplace –

Vietnam tops global growth for mobile payments

Vietnam has recorded the highest growth in mobile payments in the past year, according to research by PwC.

Singapore also saw strong growth, climbing 12 percentage points from 34% in 2018 to 46% in 2019. PwC says this highlights how efforts by mobile payments companies and its government – which began paving the way for digital payments in late 2017 – are paying off.

PwC’s Global Consumer Insights Survey 2019 found that the percentage of consumers paying by mobile in Vietnam has increased to 61%, up from 37% in 2018. The 24 percentage point increase was also the largest of the six South East Asian countries that took part in the global survey.

The rest of the region also experienced a rise in mobile payments with usage in Thailand up by 19 percentage points to 67%, Malaysia up by 17 percentage points to 40% and Philippines up by 14 percentage points to 45%. Indonesia recorded the smallest increase in mobile payments, growing by just 9 percentage points to 47%.

In the Middle East – which has the second-fastest growth in mobile payments adoption globally after Vietnam – usage increased by 20 percentage points to 45%.

China remains unchanged at 86%. Across all territories, 34% of consumers paid for purchases using mobile payments, up from 24% a year earlier.

“Asia remains the powerhouse in leading the customer shift to mobile payments with the report reflecting eight Asian nations in the top 10 and six in South East Asia,” says Shirish Jain, payments director at PwC’s strategy consulting team.

“Vietnam, with its relatively low penetration in 2018, has registered the highest growth as mobile platforms demonstrate a significant increase in convenience over traditional means of commerce. This contrasts with Singapore, which also shows strong gains.

“However, the sophisticated and established traditional ecosystem, as well as abundant and potentially confusing number of choices in mobile payments, can also slow down adoption.”

He adds: “This finding highlights a timely confluence of four principal factors: stages of economic growth cycles driving affluence and disposable income; the availability of platforms that address local demographic needs including support for cash-on-delivery; the lower cost for retailers and providers; and a marked increase in convenience.”

– NFCworld –

CASHLESS PAYMENTS RISING FAST IN THE UK

In 2018, cashless payments exceeded cash payments in the U.K. for the first time, as the use of banknotes and coins fell a substantial 15 percent.

Now, Merchant Machine, a merchant account and card payment fee comparison provider, has completed a study measuring the impact of cashlessness on specific industries, personal spending and how much different countries have adopted the payment method. 

Following are further findings from the report:

Cashless payment

  • In 2018, the use of contactless payments to purchase clothing grew 321 percent, year over year.
  • The use of cashless payments for parking grew 132 percent.
  • In public transit, 91 percent of payments are not contactless.

Cashless countries

  • At $121.24 trillion in 2017, the U.K. leads Europe in cashless payments across Europe. 
  • Germany was a distant second with cashless payments totaling $63.4 trillion. 
  • France was third with $30.91 trillion in cashless payments. 

– atmmarketplace.com –

NEXT BIOMETRICS AND MK GROUP ANNOUNCE NEW R&D PROGRAM FOR BIOMETRIC SMART CARDS

NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced the company is joining with MK Group to launch an R&D program for biometric smart cards for banking and other applications. The program will integrate NEXT’s large-area fingerprint sensors into MK Group’s next generation smart card products. Vietnam-based MK Group is the leading provider of smart cards and digital security solutions for financial, telecommunication and retail enterprises in Vietnam and one of the largest in South East Asia.

“As the industry moves toward biometric solutions for card-based transactions, companies like MK Group are leading the way toward accelerating this trend,” said Alain Faburel, NEXT chief sales and marketing officer. “We’re very pleased to have our technology considered for MK Group’s future product lineup. This is yet another strong affirmation of the core advantages NEXT is bringing to the smart card segment with our large-area, flexible sensors.”

MK group intends to include biometric solutions in its future products and has selected NEXT’s One Touch Flex CT-150 sensors for use in trials to evaluate contact-based biometric smart card technology. The NEXT One Touch Flex CT-150 is a flexible, large-area sensor designed specifically for biometric smart cards.

“As a leader in smart card technology, incorporating the security and convenience of biometrics in our products is a natural next step forward for MK Group,” said Nguyen Trong Khang, Chairman and CEO, MK Group. “We look forward to working with NEXT Biometrics on this project to share the benefits of advanced fingerprint sensor technology with our customers.”

NEXT technical and sales teams are currently working closely with MK Group on the biometric smart card project, which is expected to begin in the near future. Today’s announcement marks an additional advance in the pace of smart card deployment following recent news from NEXT regarding availability of a biometric smart card reference design that allows for expedited development of smart card products.

About MK Group:
MK Group Joint Stock Company (MK Group) is a Vietnam based company that specializes in wide ranges of digital secure authentication solutions and smart card products. These include: Smart payments; identification and exchange data; digitized identification; transaction and communication; and secure data for identity, transactions and communication. MK Group has 19 years’ experience in serving finance – banking, governments, enterprises, transportation and telecom and ceaselessly invests in order to improve the quality of products and services. The company works closely with customers, partners and other stakeholders to successfully transform their businesses in the fast-changing world of technology.

About NEXT Biometrics:
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.

– Source: www.nextbiometrics.com –

Mobile payments now account for 6% of all UK card transactions

The percentage of payments made with a mobile phone in UK stores has jumped from 1.3% in Q3 2016 to 5.6% in Q3 2018, an analysis of 190m card transactions has shown. Compared to this time last year, the volume of contactless mobile payments has increased by 60%.

For payments under the £30 contactless payments limit, the number of transactions accounted for by mobile payments increased from 1.8% in Q3 2016, to 4.6% in Q3 2017 and then 7% in Q3 2018, the analysis by Cardlytics found.

“The biggest beneficiaries of growing mobile payments are quick-service merchants who have introduced contactless payment methods,” the company says. “This includes quick-service-restaurants (11.3%), coffee shops (11%), public transport (11%) and bars and pubs (9.25%).

“This reflects that mobile payments are used more readily at merchants that people visit on a daily basis and wish to pay more expediently, while less popular amongst bigger-ticket, one off purchases.”

“London is by far the biggest adopter of mobile pay, accounting for 7% of payments less than £30 and 5.7% of all transactions – at least 2% higher than any other region,” Cardlytics adds.

“Outside of London, east of England and the rest of the south east have been the fastest movers, with 3.3% and 3.2% of all transactions respectively carried out via Apple, Google or Android pay. Yorkshire ranks fourth with 2.9%.”

“The huge growth in contactless payments has been well documented, and we’re now seeing mobile payments making a big contribution to that growth, often at the expense of cash,” says Duncan Smith, commercial director at Cardlytics.

– Nfcworld – 

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