October 27, 2015 -
Several technology companies are showcasing biometric technologies for payments and financial services at Money20/20, held October 24-28 at the Venetian Hotel in Las Vegas.
As the largest global event focused on payments and financial services innovation, the annual conference is expected to draw more than 10,000 attendees over the five days.
The technology enables identity verification via a mobile device for obtaining and storing customer signatures, and easily integrates into the existing Interactive Voice Response (IVR) system.
VoiceVault also launched its VoiceVault Identity Manager (vIM) at the conference – a voice biometric identity management solution for credentials and password reset requests.
The solution, which can be accessed through an Android or iOS mobile app or by calling a dedicated phone number, enables users to authenticate themselves with only five seconds of speech.
As well, biometric authentication company NXT-ID Inc. will be demonstrating its smart wallet and payments device, the Wocket, on the exhibition floor.
Additionally, Diebold introduced its Irving terminal, an ATM that authenticates individuals by scanning their iris or a QR code, or by connecting with a smartphone in the same way Apple Pay or Android Pay
Citigroup is currently testing Irving, which is just a fraction of the size of traditional ATMs, in its New York innovation lab.
Finally, Mastercard launched a new program at Money20/20 that will bring MasterCard payments to a wide range of products, enabling consumers to securely shop using the device or thing that is most convenient to them.
The program will launch with the support of several partners across multiple verticals, including Adam Selman, General Motors, Nymi, Ringly, and TrackR.
Additionally, MasterCard is one of nine companies sponsoring the Money20/20 Hackathon. The competition will see more than 500 of the world’s most skilled developers from over 15 countries showcase their skills and vision using the APIs, SDKs and other tools from 10 companies in payments and financial services.