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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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Mt. Gox boosts security with one-time password card

Mt. Gox boosts security with one-time password card | Payments 2.0 | Scoop.it

Bitcoin exchange Mt. Gox has moved to address security concerns by introducing a physical one-time password (OTP) generating card for users.

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Interview w/ James Varga, CEO of miiCard about verified ID, Bring Your Own ID (BYOID) and more buzzwords

Interview w/ James Varga, CEO of miiCard about verified ID, Bring Your Own ID (BYOID) and more buzzwords | Payments 2.0 | Scoop.it

[...] miiCard establishes identity to Level of Assurance 3+ (LOA3+) and meets Know Your Customer (KYC) and Anti-Money Laundering (AML) identity guidelines, enabling the sale of regulated products and services purely online [...] 

Therese Torris's insight:

What's behind the buzz? Not sure. J. Varga uses nice catch phrases such as "BYOID" and "bitcoin", but does not reveal its current number of users..

 

I guess it's very difficult to win acceptance among customers and merchants/banks. I'm not sure the buzz words and references likeTradehill help.

 

Is miiCard more than online two factor authentication? Check it out:

http://www.miicard.com/how-it-works ;

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PayPal and Lenovo want to eradicate passwords

PayPal and Lenovo want to eradicate passwords | Payments 2.0 | Scoop.it

Finextra: PayPal and Lenovo have joined with other Internet and security companies to form the Fido Alliance (Fast Identity Online) with the aim of replacing password-based log-ins with an industry-supported open protocol tied to the actual device used to...

Therese Torris's insight:

... new authentication systems include biometrics... hope fingerprint recognition on PCs has improved from when I last tried because it was a real nuisance !

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SEC filing fans rumors of mobile wallet for iPhone 5 - Network World

New SEC filings suggest Apple pushed hard to quickly close either a licensing or acquisition deal with embedded security vendor AuthenTec, leading a range of bloggers and pundits to conclude that Apple plans to introduce AuthenTec's fingerprint sensor in the upcoming iPhone 5, and possibly a full digital "wallet" capability. [...]

The fingerprint sensor, many speculate, will be a key part of a full-fledged mobile "digital wallet" using a near-field communication (NFC) radio link to trigger purchases by...
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Biometric authentication of mobile financial transactions by trusted service managers -- an eBay patent via Patenstorm

Biometric authentication of mobile financial transactions by trusted service managers -- an eBay patent via Patenstorm | Payments 2.0 | Scoop.it

Abstract: A method for authenticating a financial transaction at a point of sale (POS) includes storing an application program in a first secure element of a mobile phone. The application is configured to generate instruction codes to effect the financial transaction upon verification of a user's identity. The user's credentials are stored in a second SE of the phone...

 

Authors:

Mardikar, Upendra at PayPal

Duprat, Eric (in the meantime at http://www.verayo.com/)

Assignee:

eBay Inc

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Vodafone leads $11.3 million invesment in Finsphere

Vodafone leads $11.3 million invesment in Finsphere | Payments 2.0 | Scoop.it

Finsphere offers companies non-intrusive, privacy enhancing solutions for multi-factor authentication of credit and debit card transactions, new account applications, online banking activities, mobile payments, enterprise access events and personal online identities

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Bionym bids to replace passwords with heartbeat [VIDEO]

Bionym bids to replace passwords with heartbeat [VIDEO] | Payments 2.0 | Scoop.it

Canadian start-up Bionym is promising to make passwords, keys and wallets relics of the past with a bracelet that authenticates its wearer through their heartbeat...The system offers three-factor security because it requires a personalised bracelet, the owner's unique heartbeat and a smartphone registered to the Nymi app.

Therese Torris's insight:

Check this: it allows for continuous identification

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Bitcoin exchange TradeHill boosts security with online identity verification through miiCard

Recently-reopened US bitcoin exchange Tradehill has moved to beef up its security through a partnership with online identity verification start-up miiCard.
Therese Torris's insight:

Direct link

http://www.miicard.com/

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B. Martin's curator insight, May 3, 2013 4:25 PM

This is a very interesting move for Tradehill and can definately help it buffer itself against regulators that would attempt to move against it.  It may not help against banks closing accounts on a whim however.  We shall see.

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PayPal set to launch facial-recognition for ins-store purchasing via smartphones

PayPal set to launch facial-recognition for ins-store purchasing via smartphones | Payments 2.0 | Scoop.it

THANKS to your smartphone, this will be the new face of shopping ... literally.


Via smartfinserv
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Apple NFC speculation revived by Authen Tec acquisition

Apple NFC speculation revived by Authen Tec acquisition | Payments 2.0 | Scoop.it

Summary: Speculations that Apple is investing in the NFC payments capabilities have been reignited by the companys recent acquisition of the biometrics authetication firm, Authen Tec -- which is interpreted as a building block of a contactless payment solutions.

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Finsphere Awarded US Patent Recognizing Innovation in Mobile Identity Authentication

Finsphere Awarded US Patent Recognizing Innovation in Mobile Identity Authentication | Payments 2.0 | Scoop.it

Finsphere Corporation, a leading provider of identity analytics, announces the issuance of Patent #8116731 by the United States Patent and Trademark Office for system and method for mobile identity protection of a user of multiple computer applications, networks, or devices.

 

Comment: could have serious implications for mobile payments

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