Last year, Jumio made the headlines for its image recognition system Netswipe, which uses the camera as a payments tool. The merchant trains their viewfinder on the plastic card to register the details automatically. The user just has to enter their PIN code to complete the payment. Now, Jumio is building on the fundamentals of this tech … Read more
UK’s biggest grocer trialling scan as you shop. Most payments watchers believe that mobile wallets will not succeed until they are neutral and can house all payments and loyalty cards. Tesco obviously doesn’t agree. It’s reported to be trialling a wallet that sits inside its current app. This will enable users to add any payment … Read more
What an intriguing idea. US identity specialist NXT-ID has filed a patent for a very different kind of mobile wallet, which it calls The Wocket. Here’s the basic idea. NXT-ID thinks Isis et al are wrong for moving the wallet into the phone. It’s not secure, drains the battery and excludes those with older devices. … Read more