Top biometrics news stories, week of August 31

Here’s a recap of most popular and noteworthy biometrics industry news that appeared on BiometricUpdate.com this past week. Biometrics Week in Review: FBI’s NGI system, Apple patent, Precise Biometrics business strategy, multi-finger touchless fingerprint scanner, fitness wearbles, mobile biometric authentication report, Qualcomm patents, proof of life authentication, FBI updates and facial recognition wanted in Ireland. Apple patents multimode fingerprint scanner for safer financial transactions – The US Patent and Trademark Office has granted Apple a series of 48 patents, including

LifeBEAM: An interview with CEO Omri Yoffe

LifeBEAM specializes in creating unique hardware and software platforms that monitor multiple physiological parameters including heart rate, blood flow and oxygen saturation. The Israeli-based company manufactures a number of “vitals monitoring gadgets”, that include a cycling helmet and sports cap. Leveraging IndieGogo in April 2013, LifeBEAM raised funds from the public to develop the helmet, which uses an optical sensor instead of an ECG chest strap to measure an athlete’s heart rate. By using an optical sensor in the front

Skullcandy, USC launch contest to promote innovation in biometrics, fitness tracking and music

The University of Southern California’ Center for Body Computing department has partnered with headphone manufacturer Skullcandy to launch an innovation contest to encourage development efforts in a culmination of biometrics, fitness tracking, and music. On October 2, four finalists will present their ideas to a panel of expert judges on how they can use music in a way that helps consumers better understand their personal health. The final winner will receive a $10,000 prize, as well as the chance to

Precise Biometrics announces new strategy to reach profitability during 2015

Precise Biometrics announced it is focusing the operations in order to reach profitability during 2015 by boosting its market presence in fingerprint technologies, making more efficient use of its partner network for the sale of Tactivo, and reducing its operating expenses. The company will expand its development, market presence and sales efforts with a predominant focus on Asian mobile phone manufacturers to strengthen its position in the market for fingerprint technology in mobile devices. “We maintain a close dialogue with

Ralph Lauren teams with OMsignal to launch wearable technology collection

Major fashion retailer Ralph Lauren announced it has partnered with OMsignal to launch a new apparel collection that will feature sensors knitted into the core of the product to read biological and physiological information. Developed with proprietary technology from OMsignal, whose team is comprised of experts in the fields of neuroscience, sports medicine and engineering, the Ralph Lauren Polo Tech shirt debuted on the opening day of the U.S. Open. The OM platform sends a broad range of physiological data

Apple patents multimode fingerprint scanner for safer financial transactions

Apple announced that the US Patent and Trademark Office has granted the company a series of 48 patents, including a major invention relating to a multimode fingerprint scanner, specifically designed for financial transactions. Apple said the new fingerprint reader may have a two-dimensional array of sensors, as reported by Patently Apple. It may operate as a “stationary” scanner, designed for the iPhone’s home button that captures the user’s fingerprint when his or her finger is in a stationary position on

NXT-ID approved for NASDAQ capital market listing

NXT-ID announced it has been approved for listing on The Nasdaq Capital Market, subject to closing of its proposed underwritten public offering of the common stock and warrants. The company will trade its shares of common stock and the warrants under the symbol “NXTD” and “NXTDW,” respectively. In the meantime, NXT-ID’s common stock will continue to trade on the OTC Quotation Board under its existing symbol “NXTD” until transitioning to the Nasdaq listing. The move comes a few months after

Top biometrics news stories, week of August 24

Here’s a recap of most popular biometrics industry news and reports that appeared on BiometricUpdate.com this past week. Biometrics Week in Review: mobile biometric authentication report, SimPrints, Gates Foundation, NEC, Chams Plc, Anil Jain, EyeVerify, Trustonic, Fingerprint Cards, law enforcement biometrics market report and fingerprint access control for dispensaries in Illinois. Special Report: Mobile Biometric Authentication – This report examines how the total market for mobile biometrics will increase due to smartphone growth and the drive for password supplantation and

Trustonic, Fingerprint Cards to secure FIDO Ready biometric authentication on smart devices

Trustonic and Fingerprint Cards AB announced they have partnered to secure FIDO Ready secure biometric authentication on mobile devices, such as smartphones and tablets. The partnership centers on FPCs touch fingerprint sensors (FPC1020, FPC1021 and FPC1150) and sensor driver software that are developed to take advantage of Trustonic

EyeVerify raises $6 million from Wells Fargo, Sprint and Qihoo 360

EyeVerify Inc. today announced the completion of its Series A equity funding round. The San Francisco-based firm, which develops patented biometric technology that eliminates passwords on mobile devices, raised US$6 million. The funding will enable EyeVerify to drive mass adoption of its biometric technology directly and through key channel partners within the financial services, enterprise mobility, mobile security, telecom, healthcare and government markets. EyeVerify will receive this funding from Qihoo 360, Wells Fargo, and Sprint, as well as from its