ING Bank is introducing fingerprint recognition to its mobile banking app, the first bank in the Netherlands to implement the biometric security.
The new security measure is available for ING customers with the latest iPhones, and allows customers to log on to the app using their fingerprint, NLTimes reported. Once the bank has received customer feedback on this release, it aims to allow customers to confirm payments using their fingerprint before the summer.
According to ChannelNewsAsia, OCBC Bank is also allowing its customers in Singapore to access their mobile banking apps using their fingerprint on iOS devices. Once the service is set up using their PIN and access code, customers will be able to view their balance using their fingerprint. For now, customers will need to use a PIN to perform other tasks. OCBC is the first bank in Singapore to offer fingerprint security on a banking app.
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Three years on from being acquired by PayPal, Braintree, a company which allows merchants to process a range of different payments, has revealed the number of its payment transactions has increased by 25 times.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
Square has introduced a new update to its contactless and chip readers that reduces transaction speed to 4.2 seconds.