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  • IBM, Dream Payments Get Together To Advance Mobile Payments Development

    IBM, Dream Payments Get Together To Advance Mobile Payments Development


    2017-10-18 [ Industry News ]


    If you were thinking that the market was starting to get a little tight for mobile payments tools, well, it’s about to get tighter. A lot tighter, in fact: IBM just got together with Dream Payments to create a new line of tools that will make it easier for banks and other financial institutions to bring out new mobile payments options.Banks and the like have been slow to bring out new mobile payments tools, and that slowness has potentially cost them a lot of market share. That slowness isn’t merely incompetence, though, it’s also had a lot to do with the regulatory environment which has tied ......

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  • Glance Technologies Lands Hefty Licensing Fee On New App

    Glance Technologies Lands Hefty Licensing Fee On New App


    2017-10-18 [ Industry News ]


    An unexpected new development recently hit the mobile payments market as Glance Technologies announced it was poised to land $1 million in licensing fees with a new app. Glance got together with Euro Asia Pay Holdings Inc., a measure which saw the hefty transfer of cash on one hand and saw the other firm get access to Glance’s current mobile payments system.We’ve been hearing quite a bit about Glance and Glance Pay lately, particularly in terms of its improved security and its move  into the North American market. Now, it seems to be taking advantage of that improved reputation with a new......

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  • Identity Verification Platform ThisIsMe Wins African Fintech Awards

    Identity Verification Platform ThisIsMe Wins African Fintech Awards


    2017-10-18 [ Industry News ]


    ThisIsMe won top spot at the African Fintech Awards hosted at the Finance Indaba last week. The business tied with Easy Equities after two days of intense pitching battles and an extensive voting process that involved the public. ThisIsMe also claimed the Innovative Banking title, with its focus on fast FICA using multi-factor identity verification, enhanced due diligence and authentication through its platform. ThisIsMe can complete the FICA process in under three minutes – an African record.ThisIsMe services 85 merchants including some of SA’s largest financial services business such as Sanl......

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  • Pakistan to invest in Automated Fingerprints Information System (AFIS)

    Pakistan to invest in Automated Fingerprints Information System (AFIS)


    2017-10-18 [ Industry News ]


    Pakistan's Home Affairs Ministry Department is going to develop an Automated Fingerprints Information System (AFIS) for the Punjab Forensic Science Agency (PFSA). The system is to be implemented by June 2018 at a cost of Rs495 million ($4.6 million), reports The Express Tribune.At first, 40 AFIS scanners will be deployed at selected prisons of Punjab to build a database of prison inmates and at PFSA satellite stations established at divisional headquarters. The system will be upgradeable and can be upgraded as per requirement.In June, the Punjab Information Technol......

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  • Apple Pay’s Hard Road To Toe In India

    Apple Pay’s Hard Road To Toe In India


    2017-10-17 [ Industry News ]


    Apple, Inc. is eyeing the payments market in India, according to Eddy Cue, the company’s senior vice president for Internet Software and Services. In an interview with The Economic Times, Cue said Apple wants to launch Apple Pay in India but lacks the payment mechanism. “If you think about [it] in U.S. terms, we don’t care if it’s Mastercard, Visa or whatever or whatever bank you deal with. If you are in China, we don’t care if it’s [by] WeChat Pay or Alipay or credit card. It is great that all of these payment mechanisms [are] coming out in India because it empowers people to b......

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