New Media Insight Group has announced that they are in the final development stages of a NFC payment solution and they plan to launch it over the next coming months.
All US merchants will be required to update their credit card terminals to allow for ‘Chip and Pin’ transactions by October 2015. This new universal standard of technology will equip all merchant credit card terminals with the capability to process tap-to-pay transactions.
“By adding a sensor driven NFC payment solution to our portfolio, we can provide a more comprehensive offering for our merchants, and we are prepared to maintain our versatility and adaptability while technology standards in our market continue to advance,” stated Michael Palethorpe, CEO of New Media. “Following the great reception we experienced from the launch of our CloudPay product, this was a logical next step for New Media — especially considering all credit card terminals in the U.S. will be equipped for ‘Chip-and-Pin’ payments by October of next year. We expect to launch our NFC solution over the next three to four months, and remain confident that our best-of-breed marketing portal and easy to adopt technology will drive growth for New Media.”
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
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.