November 19, 2013 -
This particular technology uses biometrics to validate mobile payments.
“With digital transactions on the rise, 3DBioSecure is a perfect illustration of how biometrics can help meet security challenges in the banking sector”, Régis Bauchière, Director, Identity Management of Morpho’s Identification Division said.
Morpho’s 3DBioSecure uses biometrics to establish a link between the private key and its owner.
According to the company, 3DBioSecure was selected as a finalist for the SESAMES Award in the “Trusted Internet / Authentication” category.
Reported previously, MorphoTrak, a subsidiary of Morpho recently deployed at 3D facial recognition system at a members-only club in Houston as a form of access control to certain areas of the facility.
This summer, Frost & Sullivan published a statement in favor of mobile biometric payment systems, arguing the industry must focus on payment security and that biometrics represents the best solution for achieving this.