mobile payments Archives ⋆ Page 129 of 592 ⋆ Mobile Commerce Press

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ING brings more security to mobile payments with voice recognition

Stephen | August 4, 2015

ING introduces new feature for its banking app that will make mobile payments more convenient

Dutch bank ING has introduced a new service that will allow its customers to make mobile payments using their voices. The service is being incorporated into its mobile banking application and is meant to serve as a more convenient way to make payments without having to enter a password. The service is designed to highlight the convenient nature of mobile payments, which are becoming more popular in the Netherlands as well as other parts of the world.

Voice activation will bring more security to banking app

ING customers can use the new feature of their mobile banking application to speak a short phrase, which will be used to activate a mobile transaction. Users will pre-record the phrase for the application and this phrase will be stored as a file on their mobile device. ING believes that voice activation will add another layer of security to mobile payments, as a person’s voice can be as unique as their fingerprint. This is due to differences in vocal cavities and how different mouth movements can affect the sound of the voice.

Speech recognition is becoming more popular in the mobile commerce space

ING Bank - Mobile Payments Nuance, a biometric company, is providing the speech-recognition technology that ING is using for the new service. Similar technology is used by several other organizations in order to determine the identity of consumers. The U.S. government, for instance, use speech recognition technology in cases where agencies are handling tax issues. This technology is largely used to reduce the prevalence of fraud and has been relatively successful in doing so in recent years.

Biometric technology could help mobile commerce appeal to consumers

Making mobile payments more secure has become a major priority for banks around the world. These banks have become heavily involved in the mobile commerce space, but consumers have voiced their concerns regarding their financial information. Biometric technology is expected to put many of these concerns to rest, which may make mobile payments significantly more attractive to consumers throughout the world.

Subway teams with PayPal to support mobile payments

Dan Gendro | August 3, 2015

Subway is introducing new payment options through its websites and mobile application

Famed restaurant chain Subway is taking another step into the mobile commerce field by offering a new payment option through its mobile application. The new option will support PayPal transactions and is meant to make ordering and paying for food more convenient for customers. Subway intends to see more people use its mobile app and believes that integration with PayPal will help with the application’s appeal to consumers that are beginning to rely more heavily on their mobile devices.

Company seeks to become more flexible in order to meet the needs of its customers

Ken Moy, Subway’s director of global payments and emerging commerce, notes that the company has recognized the advent of mobile devices and the role they are beginning to play in the evolving field of commerce. Subway wants to establish a greater presence among mobile consumers, who are looking for more convenient way to purchase products that they are interested in. In order to accommodate the needs of consumers, Subway is looking for new ways to become flexible and engage consumers.

PayPal integration will be completed by the end of this year

Mobile Payments - Subway teams with Paypal By the end of this year, PayPal will be fully integrated into the Subway mobile application. Mobile payments made through the app will be supported at more than 27,000 Subway locations throughout the United States. The company’s mobile application is being powered by technology developed by Paydiant, a mobile wallet developer that was recently acquired by PayPal. Subway restaurants will support mobile payments made in person and payments will also be supported online through the company’s website.

A growing number of companies are beginning to take mobile payments more seriously

Mobile payments are beginning to play a major role in the business world. More companies are working to find ways to support these payments in order to satisfy the demand coming from consumers that have become interested in mobile commerce. Subway is one among several companies that have begun to play a larger role in the mobile commerce space.