Fintech, Finance, Technology, Banking Highlights – 9 December 2017
Ingenico acquires Taiwan’s Airlink
Ingenico Group announced the acquisition of Airlink, a leading value added reseller in Taiwan. Based in Taipei and employing more than 100 people, Airlink provides customized payment solutions to acquirers and retailers, including POS terminals, field services and software development.
Through its extensive knowledge of the local market and its strong relationships with leading local banks, acquirers and large merchants, the company will enable Ingenico to grow its position in Taiwan and further strengthen its position in Northeast Asia.
With more than 250,000 payment terminals deployed, the Taiwanese market is expected to steadily grow in the coming years, as the government encourages the shift from cash towards electronic transactions.
“We are delighted to welcome the Airlink team to Ingenico Group.” said Patrice Le Marre, Executive Vice President for Ingenico’s Banks & Acquirers Business Unit. “Airlink’s leading position will help us accelerate our development in the dynamic Taiwanese market. Its comprehensive portfolio of services dedicated to terminal estates is a key asset in a country where electronic payments are ramping up quickly.”
Nanopay launches B2B payments platform
Nanopay Corporation, a real-time payment platform that provides instant settlement across a variety of currencies, is announcing a new solution to enable international trading partners to easily and securely process B2B payments between bank accounts.
In addition to domestic payment opportunities in Canada, users can begin using the platform in February for business cross-border payments between the United States and Canada, with India and China to follow in Q2 2018.
“Businesses are becoming increasingly global and it’s typically a slow and expensive process for companies to pay and get paid by international trading partners – not to mention the process often lacks transactional visibility,” said Laurence Cooke, founder and CEO of nanopay. “Business relationships are founded on trust and the nanopay platform eliminates payment risk as an impediment to working together. With UPS-like tracking you always know the status of your payment request.”
Japan’s Aeon Bank turns to Mofiria for biometric ATMs and teller windows
Aeon Bank, a Japanese new style bank, has announced that they had introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number.
Enabling any transactions with identity verification using biometrics only is the first trial in Japan.
Mofiria Corporation developed a totally new biometric device that implements both finger vein and fingerprint authentication technologies to attain high security and usability. Mofiria provides the Japanese bank with this hybrid biometric device and related software library for finger vein authentication.
AEON Bank held a proof-of-concept of identity verification for bank transactions using fingerprint authentication last year. This time they introduced two-factor authentication system in order to enhance security basis and usability on auto teller machines and teller windows.
