Use of biometrics gets lower transaction fees for Apple Pay merchants

Apple announced that it is allowing Apple Pay merchants to pay card present rates (aka cardholder present) for all transactions consumers make in store using their mobile phones, which will save them as much as 1.25 percent on each transaction, according to a report by PYMNTS.com. Apple Pay’s cardholder present rates of 1.5 percent is considerably less than card not present rates, which can command 2.75 percent or more per transaction. The lower transaction fee can be attributed to Apple’s

BIO-key International, NEXT Biometrics Group ASA establish hardware and software partnerships

BIO-key International and NEXT Biometrics Group ASA announced that they have established hardware and software partnerships which will enable both companies to reinforce their offerings. NEXT Biometrics has licensed BIO-key International‘s fingerprint algorithm to be used with its new reduced-area, affordable sensors. Meanwhile, BIO-key has made a purchase order for NEXT area sensors for use in BIO-key’s new line of high performance fingerprint scanner devices. NEXT was seeking an effective algorithm for use with its new mid-sized fingerprint imaging sensors

Interview with Anthony Gioeli, KeyLemon CEO

KeyLemon was founded to provide highly accurate face recognition, speaker identification, and motion tracking solutions to developers and manufacturers across a wide variety of industries. KeyLemon’s face and speaker recognition software is now used by millions of users worldwide. KeyLemon’s closed loop recognition algorithms operate in real-time, creating a convenient biometric-based login mechanism. According to Anthony Gioeli, CEO of KeyLemon, the company’s biometric ID and motion analysis solutions sets an industry standard for reliability, security, and ease-of-use. The firm claims

Top biometrics news stories, week ending September 21

Here’s a recap of most popular and noteworthy biometrics industry news that appeared on BiometricUpdate.com this past week. Biometrics Week in Review: spoofing finger vein recognition, biometric passports for Haiti, biometric database of HIV patients, voice biometric banking app, FBI’s NGI database, Fujitsu deal with Biyo, MasterCard biometrics pilot, Alipay select Nok Nok, Suprema access control, VoiceTrust share exchange, new funding. Tabula Rasa video demonstrates spoofing in a commercial finger vein recognition device – The video shows how enrollment of

Biometrics Institute informs UK Parliament about privacy concerns

Biometrics Institute announced it has made a submission to the UK government’s Science and Technology Committee addressing the need to establish and enforce guidelines regarding privacy and vulnerability assessments for the responsible use of biometrics. The submission is in response to the Committee’s call for submissions last month to its inquiry regarding the potential use and collection of biometric data, as well as whether or not the current regulations in this relatively new field are sufficient. In its submission, the

IdentityX releases mobile authentication app designed for Salesforce users

IdentityX announced it is now offering a mobile authentication app designed for Salesforce users. Built on the Infinity Platform, IdentityX’s universal authentication platform for mobile devices, the app was developed in collaboration with one of IdentityX’s integration partners. The app enables users to choose one or more authentication factors including passwords, PINs, fingerprints, and voice and facial recognition, depending on what level of security they want. “The development of this mobile authentication app for Salesforce.com is an example of how

Bodet installs biometric time attendance system at Stapleford Park hotel

Stapleford Park Country House Hotel and Sporting Estate in Leicestershire, UK has installed Bodet’s biometric time and attendance system to accurately monitor and track attendance for its staff, which includes casual and agency staff. The hotel has over 150 employees on staff working various shifts around the clock, making it difficult to monitor staff attendance. Previously, Stapleford Park management used time sheets to keep track of staff attendance, but the method proved to be time consuming for both non-salaried staff

MasterCard biometric verification system achieves 98% success rate in pilot

MasterCard said that a biometric verification system, which combines both voice and facial recognition, has achieved a 98% success rate in its pilot trials, according to a report by FinExtra. The credit card firm recently held a closed pilot trial to gain a deeper understanding of consumer interaction with voice and facial recognition. “We created a beta mobile app which we tested in an ecommerce environment on over 14,000 transactions,” said MasterCard. “The test group, drawn from MasterCard employees around

Oxigen launches eKYC service to be used with mobile wallet service

Payment solution company Oxigen announced it launched eKYC services to help Indian citizens use its Oxigen Mobile Wallet Service without the tedious paperwork typically associated with “Know Your Customer” information, according to a report by Your Story. This marks the first time a non-banking organization has launched the eKYC service, which is recognized by the Reserve Bank of India as a complete KYC for opening bank accounts and prepaid payment instruments by insurance regulator for KYC of insurance services, as

Entertech Systems app integrates Suprema biometric readers with Honeywell security suite

Entertech Systems announced that its BioConnect application can now integrate Suprema biometric devices with Honeywell’s Pro-Watch security management suite to provide secure access control solutions for all situations. The Suprema line of biometric devices and Entertech Systems’ BioConnect application will be resold and supported through Honeywell. The Suprema reader models include BioStation T2, BioStation, BioEntry Plus, BioEntry W, BioLite Net and BioMini. “It’s a relationship that brings together what each company does best,” said Alan Stoddard, senior director of marketing