Biometrics in the developing world

With just over 12 years to go to meet UN Sustainable Development goal 16.9 of providing universal legal identity by 2030, technology purpose-built for the developing world is bringing the ambition within reach. The biometrics market for the developing world, however, is distinct from that of the developed world in some significant respects, and the developing world market will have to mature for the full benefit of these advanced technologies and good intentions to be achieved. With the recognition that

This week in biometrics industry stocks

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. -BIO-Key International is having a good spring and summer. The company announced this week it received orders from ten healthcare organizations for fingerprint readers. The orders come from hospitals, eye care centers, medical device manufacturers,

CBP asked to disclose about use of biometrics at U.S. entry and exit points

Privacy rights organization Electronic Privacy Information Center asked a D.C. federal judge to order U.S. Customs and Border Protection to disclose information about its use of biometric information at U.S. entry and exit points, according to a report by Law 360. The Department of Homeland Security has been fast-tracking the system based on President Donald Trump’s executive order on immigration and refugees. The move comes just a few weeks after EPIC urged the TSA to consider other options for expanding

FPC issues Q2 2017 report, announces Qualcomm partnership

Fingerprint Cards (FPC) has released an interim report for Q2 2017, which saw revenues amounted to SEK 823.4 million (US$100 million) compared to SEK 1,666.1 M (US$202.2 M) in Q2 2016. The gross margin for the quarter was 36 percent, while operating profit amounted to SEK 72.0 M (US$8.7 M), compared to SEK 675.1 M (US$82 M) in the year-earlier period. Meanwhile, the company’s earnings per share before dilution amounted to SEK 0.10 M (US$10,000) compared to SEK 1.72 M

BIO-key approved for Nasdaq listing

BIO-key International, Inc. announced that its common stock has been approved for listing on the Nasdaq Capital Market, effective with the start of trading on Tuesday, July 25, 2017. The company said its shares will continue to trade under the symbol BKYI. “Our Nasdaq listing is a significant milestone for BIO-key and our shareholders, that underscores our ramping sales momentum so far this year,” Michael DePasquale, chairman and CEO of BIO-key, said. “We continue to see growing interest in the

Delta testing fingerprint recognition boarding pass at Arlington, VA airport

Delta customers now can use fingerprints instead of their boarding pass to board any Delta aircraft at Reagan Washington National Airport (DCA). Delta’s biometric boarding pass experience that launched in May at the DCA Delta Sky Club is now integrated into the boarding process, enabling eligible Delta SkyMiles members who are enrolled in CLEAR to use their fingerprints as proof of identity to board their plane. The final phase of Delta’s DCA biometric boarding pass test, which will take place

Sharing economy to leverage Aadhaar

Two major proponents of the sharing economy, Airbnb and Uber, are considering using the Aadhaar biometric identification database to authenticate their respective users in India. Aadhaar is the 12-digit unique identification number issued by the Indian government to every individual resident of India. The Aadhaar project aims to provide a single, unique identifier which captures all the demographic and biometric details of every Indian resident. At last count, over 1.1 billion people out of India’s population of 1.27 billion have

Is Mastercard bridging the gap from passwords to biometrics?

This is a guest post by Thomas Yohannan, a mentor at Alchemist Accelerator. MasterCard rolled out an interesting initiative a few weeks back in South Africa. The company developed cards with an additional layer of security to counteract fraud — a biometric fingerprint sensor. By combining chip technology with your fingerprint, the company can now verify the cardholder’s identity for in-store purchases. The process is quite simple in that you stick your card into the terminal during payment. The biometric

Visa study finds Australians prefer biometrics over PINs for payment authentication

Visa released its sponsored YouGov study that found that Australians are slowly accepting the idea of making payments via Internet of Things (IoT), as long as they can use biometrics for authentication, according to a report by ZDNet. The report states that 29 percent of Australians are comfortable with the idea of using internet-connected devices, such as a virtual assistants or smart fridges, to make payments. The figure, which more than doubles the 12 percent reported in September 2016, is

TSB Bank to add iris recognition to mobile app

TSB Bank will introduce iris recognition capabilities to its mobile banking app starting this September, enabling customers to login to their bank account by simply glancing at their device, according to a report by the BBC. As a result, TSB will become the first bank in Europe to offer the technology. Customers will need the latest Samsung Galaxy S8 device and register their irises to use the feature. The banking mobile app currently enables TSB customers to log on to