Tag: apple pay

Infineon combines near field communication and system-on-chip for keyless lock

L. Green
Near field Communication - Unlocking door with mobile phone

The NFC technology and SoC have been paired in what the company is calling a first ever tech. Semiconductor manufacturing company Infineon has unveiled a new keyless lock device that works on near field communication (NFC) and system-on-chip (SoC) technology. The combination makes it possible to unlock padlocks, doors and other locks with mobile phones. According to the company, the future of building security might involve removing keys from the mix altogether. It has developed a security solution that requires neither keys nor batteries to make it possible to lock…

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Biometrically authenticated mobile payments to break $1 trillion milestone in 2027

John Montgallo
Mobile payments - fingerprint scan

The value of the transactions is going to breach $1.2 trillion in five years, says Juniper Research. The value of mobile payments biometrically authenticated is expected to reach $1.2 trillion worldwide by the close of 2027, according to a recent Juniper Research study. The study expects a massive growth rate from the $332 billion the transactions are currently worth. Juniper Research has provided an evaluation of the transition from traditional transaction security methods such as passwords and PINs to biometric authentication of mobile payments, in its paper titled: “Mobile Payment…

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Apple mobile wallet practices hurt competition, says EU regulators

Sam Lambert
Mobile wallet - Back of iPhone - Blue case

The European Commission’s preliminary findings were that the policies harmed competition. European regulators have notified Apple Inc. that its mobile wallet practices were, in their initial view, harmful to competition. The preliminary findings of the European Commission do not “prejudge the outcome” in antitrust investigations. The European Commission (EC) announced in a news release that it had advised Apple “of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.” The focus of the concerns expressed about the payment app had to do…

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More than 1 in 4 patients want to use mobile wallets for healthcare payments

Jorge Gonzalez
Mobile wallets - Mobile Payments - credit card

A recent study showed that 28 percent of US patients would like to pay digitally or by app. According to the results of a recently conducted payments study, 28 percent of US patients would like to be able to make medical payments using mobile wallets or digital transactions. One of the biggest points of friction patients suffer in accessing medical care is in making payments. Certainly, the cost of care is a heavier burden, but the transaction methods available can also add substantial friction to a patient’s ability to conveniently…

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Mobile wallets using NFC technology need new regulations, says Dutch market authority

Sam Lambert
NFC technology - mobile wallet payments

The Netherlands Authority for Consumers and Markets wants updates to contactless technology access regulations. Dutch market authority Netherlands Authority for Consumers and Markets (ACM) is calling for new rules to control anticompetitive practices in NFC technology using mobile payments apps such as Apple Pay. The ACM is seeking changes to the rules following an access investigation it recently conducted. The ACM issued a media release in which it stated its concerns regarding NFC technology mobile payments apps access and making a call for a change in regulations. “The Netherlands Authority…

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