QR code use in China may fall due to facial recognition technology

QR code use - woman looking at monitor

Quick response codes are widespread for authenticating mobile payments in the country. In China, QR code use for completing mobile payments is as commonplace as the use of traditional credit cards in the United States. However, this could quickly become a thing of the past as more companies look to biometrics such as facial and fingerprint recognition. Tech giants in the country, such as Tencent, are already looking into ways to use biometrics. Most people use mobile phones to complete non-cash payment transactions in China. QR code use is the…

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New mobile payments partnership opens between Australian and Dutch companies

Australia Mobile payments Commerce QR Codes

The two firms in question are eftpos and Bell ID, which hope for a flexible new transaction capability. Eftpos, a company from Australia has now announced a partnership with a Dutch company called Bell ID in order to develop a domestic mobile payments capability that will use secure tokenization and will still remain notably flexible. The purpose of this new partnership is to help to make eftpos smartphone payments available across digital platforms. Bruce Mansfield, the managing director of eftpos explained that the new capability that will be developed through…

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Mobile payments could succeed if they prove to be simple, flexible and convenient

NFC mastercard Facebook Messenger QR codes

A recent study by MasterCard has shown that these are the primary features sought by consumers. MasterCard has now released the results of a study that has shown that in terms of mobile payments, consumers are seeking methods that are flexible, simple, and convenient among the new innovations that they would be willing to consider when they pay for products at retail locations. This is important insight to be considered by companies that are presently or soon to be in this market. As retailers and other companies move toward mobile…

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Mobile payments may be stuck in a stone age

Stone age mobile payments

Mobile commerce is struggling with an inefficient monetization process Mobile commerce is not as successful as it could be and that is because of an inefficient monetization process, according to mobile payments firm Klarna’s Sebastian Siemiatkowski. The firm suggests that digital commerce is in  type of “Middle Ages,” while mobile commerce is in a “Stone Age.” While e-commerce has managed to flourish over the past several years, mobile commerce has struggled to find a foothold throughout the world. While the mobile space has seen a significant degree of success, it…

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Mobile Security is in Need of Some Attention

mobile commerce security

Security in a new age of technology Mobile security is something that shouldn’t be taken lightly. The world is becoming increasingly reliant on mobile technology and this has made the mobile space a target for malicious groups that have exploitation in mind. These groups are targeting mobile sectors that have yet to begin taking security seriously, and this means that mobile commerce has become a digital battlefield. Mobile commerce is an attractive target because it is awash with financial information that is, more often than not, left unguarded. In 2013,…

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