Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sweden’s Fingerprint Cards AB unveiling a biometric software platform for payment cards, wearables and USB dongles. The Austrian unit of LGT has rolled out The Avaloq Banking Suite, Singapore mobile payments company TransferTo has become two different brands and Go-Pay social initiative Go-Pay for Good is creating a new charity donation channel with Indonesian NGO Filantropi.
Swedish biometrics company Fingerprint Cards AB has unveiled its FPC-BEP biometric software platform geared toward wearables, USB dongles and payment cards. The offering was designed to boost the performance of biometric sensors that are small and energy-efficient. Along with the platform, the company created a new algorithm designed for the needs of payment devices and payment cards by adopting a mobile algorithm. Fingerprints Chief Technology Officer Pontus Jägemalm said in the announcement, “Our technology is used billions of times every day, and now we have poured our long and unrivaled experience from the mobile world into this software platform to maximize the performance in low-power and low-computing-power payment environments.”
On another note, the Austrian unit of LGT has rolled out The Avaloq Banking Suite, according to an announcement from the companies. The solution, which offers a wide view of client activities, is available to both private and retail banks. And the launch comes amid activation projects for LGT with Avaloq in Liechtenstein and Singapore, among other locations. LGT Austria Co-CEO Dietmar Baumgartner said in the announcement, “The integration of Austria into LGT’s Group-wide core banking system makes it possible to benefit from synergies and further simplifies internal processes. The harmonization of the banking software also facilitates the introduction of new applications in the future.”
And mobile payments company TransferTo has become two different brands, DT One and Thunes, according to reports. Thunes is a rebrand of the company’s cross-border payments business, and DT One is now the company’s rewards and mobile top-up business. While both brands are said to have come into effect immediately, they will be “fully implemented” over the first quarter of this year per reports. Said DT One CEO and Thunes Executive Chairman Peter De Caluwe, “The industry is continually evolving and we see this change as an important next step to better position ourselves to capitalise on the growth opportunities in this rapidly changing market.”
In other news, Go-Pay social initiative Go-Pay for Good is creating a new charity donation channel with Filantropi, KrAsia reported. In order to make a donation, donors can select Go-Pay as a payment option or scan a quick-response code. Go-Pay CEO Aldi Haryopratomo said, according to the report, “As the leading fintech in Indonesia, we want to encourage the wider use of non-cash payment facilities, including in helping others through donation.” As it stands, Go-Pay For Good works with more than 180 houses of worship and foundations in the country.