Category: Featured News

The bPay compatible product has been designed to make this service available to a larger number of devices.

Case Station, a manufacturer of smartphone cases, has now created a product that enables NFC mobile payments. This product has integrated with the bPay contactless payments from Barclaycard. The goal is to make it possible for people whose smartphones are not equipped with near field communication to use the technology.

NFC mobile purchases can be done with a quick tap of a smartphone at contactless checkout terminals.

Though a large number of companies have offered NFC mobile payments transaction options, the number of smartphone users who have the technology for these services are in the minority. After all, without an NFC technology chip, the device simply isn’t compatible.

A statement from Barclaycard explained that “All the Case Station cases have been created to discreetly hold a small bPay contactless chip, which will allow users to make touch and go payments for £30 and under (US$39.73) easily and quickly without fumbling for cash or entering a PIN wherever they see the contactless symbol.”

With the NFC mobile payments compatible case, even a phone without the tech can be made compatible.

The payment giant went on to say that the Android and iOS apps for the mobile payments service will not only allow transactions to be completed but also tracked. The bPay chip is connected to a mobile wallet which can be used by consumers with Visa or MasterCard debit or credit cards registered in the United Kingdom.

In this way, consumers can add funds to their mobile wallets by way of the app or online via the bPay website. They can also take advantage of an automatic top-up function which will add funds to the mobile wallet whenever that balance drops below a chosen level.

The Case Station product is technically a smartphone protector case. They are compatible with smartphone models from the LG, Samsung Galaxy and iPhone lines. They also contain the NFC mobile payments chip necessary to use near field communication transactions. They are being sold in a range of different color and pattern options to make them attractive as well as functional.

While the biometrics trends have been focusing on fingerprints, the Chinese giant is looking at eyes.

Biometrics based mobile payment security is still in its early days. So far, certain companies, such as Apple, have introduced fingerprint scanning to verify a device user’s identity. However, Alibaba has something else in mind.

Alibaba’s payments and financial services affiliate, Ant Financial, recently announced new plans.

Ant Financial purchased EyeVerify for an undisclosed amount. EyeVerify is a startup based in Kansas City, Missouri. Reports have suggested that the acquisition may have been made for anywhere from $70 million to $100 million. This suggests that the e-commerce giant from China may be looking into a new kind of mobile payments security.

Not only will this purchase provide the company with one more step in expanding its reach into the western market, but it also reveals an interest in biometric security. That type of technology analyzes biological features that can be detected with scanners. In the case of EyeVerify, the software they produce can analyze and recognize the veins on the sclera (the visible part of the eyeball that is white inc color).

This mobile payment security uses a smartphone’s front-facing camera to capture the vein patterns of the eye.

Once the pattern has been captured, it is recorded so that it can be used for certain mobile security features. These can include logging into an account or even unlocking a phone, similar to the way fingerprint scanners are currently used.

According to EyeVerify, this type of biometric security provides the same level of verification protection as a password of 50 characters in length.

Ant Financial first introduced biometric mobile payment security software into its Alipay app in July 2015. This was released exclusively to a small group of beta testers. The beta testers have the ability to log into their accounts using traditional password and/or fingerprint readings. That said, they can also choose to have their eyes scanned in order to log in.

Companies from China stand to gain a great deal from biometric security investments. The reason is that the country is facing a massive battle against online fraud and every new layer of security protection can go a long way.