February 23, 2016 -
These technologies will be used with existing payment methods such as credit or debit cards, mobile, ATMs and points of sale (POS) terminals, to improve transaction security for financial institutions and customer convenience.
“Visa is always exploring new technologies which enhance payment security and convenience for financial institutions and their customers,” said Bill Gajda, senior vice president of innovation and strategic partnerships for Visa. “We are excited to demonstrate and explore the power of these new authentication capabilities with Morpho at Mobile World Congress.”
Morpho and Visa are co-demonstrating these payment concepts at Mobile World Congress this week in Barcelona, Spain, as well as at Visa’s innovation center at its San Francisco headquarters.
Some of these demonstrations include biometrics for proximity payments, such as the use of MorphoWave technology, which captures and matches four fingerprints with a single hand movement under a second.
“We are excited to work with Visa as a technology partner, as part of an agreement to bring innovation to the explosive market of digital payment and banking,” said Anne Bouverot, CEO of Morpho. “Building on a number of successful proofs of concept, we have seen the enthusiasm shared by customers for new solutions that combine security and convenience.
“We are convinced by the potential of biometrics as a cornerstone technology for the future of secure payments. In addition to touchless fingerprint recognition for proximity payments, we are incorporating facial recognition capability into smartphones and tablets, enabling users to validate payments through a simple selfie.”
Earlier this month, Morpho (Safran) announced that Samsung SDS will implement its online authentication solution based on Morpho’s facial recognition technology.