Mobile Point-of-Sale technology already gives customers the ability to make payments at their fingertips – soon they’ll be able to make them with their fingertips, too.
Yesterday, Apple previewed their soon-to-be-released iOS8 at the Worldwide Developer Conference (WWDC) in San Francisco. New developments, including an API for Touch ID, prompted a flurry of speculation on the implications of the technology for mobile payments. Immediately afterwards, CardFlight announced plans to upgrade their platforms to support Apple Touch ID’s fingertip-scanning technology.
CardFlight currently offers SwipeSimple, a smartphone and tablet application that allows merchants to accept payments using their mobile devices. New developments in Apple’s iOS8 mean that merchants will now be able to use Apple Touch ID to log in to SwipeSimple with their fingerprint, rather than entering their email and password.
Last month, CardFlight won the 2014 Technology Innovation award from the Electronic Transactions Association (ETA). Founder and CEO Derek Webster said: “The proliferation of tablets and smartphones is rapidly changing the payments industry… We’re proud to be at the forefront of that shift in bringing new and innovative mobile payment technologies to market.”
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.