By John Glenday

Lloyds Bank has embraced Near Field Communication (NFC) to introduce ‘tap to bank’ functionality on its mobile app designed to streamline the authentication process for mobile banking.

The new trial of 125 people enables them to verify their identity when setting up the mobile banking app by simply tapping a Lloyds Bank contactless debit card against an NFC enabled Android smartphone.

This set-up negates the need to operate automated phone calls and if successful the trial may be extended to encompass authenticating new payments.

Director of innovation and digital development, Marc Lien said: “With the widespread take up of contactless cards and most Read full story ›

Source: The Drum