Fingerprint Cards joins Internet Finance Authentication Alliance

Fingerprint Cards has been accepted as a member of the China-focused Internet Finance Authentication Alliance (IFAA). According to a statement from the Swedish biometrics company, the IFAA aims to achieve a more simple, more accurate way to verify the identity of humans based on fingerprint, face, iris biometric authentication methods. IFAA cooperates with device vendors, chipset vendors, algorithm vendors, security vendors, standard institution, certification organizations to together create a verification technology ecosystem, mutual benefit and common innovation, and jointly promote

Facebook files patent for facial recognition for physical payments

A patent application filed by Facebook and published Thursday by the U.S. Patent and Trademark Office (USPTO) indicates the company’s intention to move into the retail payments market. The filing describes a method of using facial recognition as a secure and convenient method for physical retailers to authenticate customers’ identities. Patent inventor Stephen Moore Davis addressed the limitations of existing payment methods in the filing, including the requirements for devices using NFC for payments to first be unlocked with a

EAB seminar to focus on practical issues of biometrics for financial services

The European Assocation for Biometrics (EAB) will carry out its popular Biometrics in Banking and Payments seminar next month at the ABN AMRO headquarters in Amsterdam. The seminar will reflect the trends and opportunities of biometrics in the financial market and focus on practical issues of biometrics for financial services. Topics to be covered include the implementation of PSD2, privacy and data protection in the perspective of the new GDPR and how to choose the right solution. Keynotes will be

Fingerprint payment cards to reach 160m shipments by 2022

ABI Research has published its latest Biometric Technologies and Applications report, which finds that biometric technologies are consistently growing their presence in more banking applications. The report states that embedded fingerprint sensor payment cards are the latest addition finally ready to go public. Fingerprint embedded payment cards will experience a significant growth over the next years reaching 160 million shipments by 2022 with a 5-year CAGR of approximately 400 percent. While the Middle East, Africa and North America will be

Kony expands partner ecosystem with digital banking marketplace

Kony is expanding its global partner ecosystem with fintech solutions featured in the Kony Digital Banking Marketplace. A one-stop shop for pre-built fintech components, integrations and templates, the Kony Digital Banking Marketplace helps banks and credit unions reduce the cost of maintaining digital banking applications, speeds up development of new projects, and allows access to some of the most leading-edge and innovative digital solutions in the market. According to Burley Kawasaki, executive vice president, products, Kony, Inc, the Kony Digital

India updating ATMs to include facial recognition tech

India’s Automated teller machines (ATMs) will be replaced in the next three to four months with new multi-function biometric-enabled machines, according to a report by India.com. NCR Corporation said that bank ATMs will be replaced with new machines that have biometric face recognition features, which will improve the overall security. As a global leader in omnichannel solutions, NCR Corporation has a 50 percent ATM market share in India. The company’s Hyderabad-based R&D center develops Interactive Teller ATM and EMV contactless

Brazil’s first digital bank branch powered by Diebold Nixdorf

Saque e Pague, a Brazilian multiple service self-service network, is partnering with Diebold Nixdorf on a new digital bank branch. The first of its kind in Brazil, the new branch is equipped with cash recycling technology, video conferencing, 2D barcode readers, NFC and biometric authentication. Biometric authentication and NFC capabilities add an additional layer of security and convenience for routine transactions while two-way video services enable the consumer to request assistance for more complex transactions. Diebold Nixdorf is supplying the

IDEMIA and JCB to introduce F-Code biometric payment card in Japan

IDEMIA has partnered with international payment network JCB to introduce the F-Code biometric payment card to Japanese customers. The F-Code solution is a payment card that features a built-in fingerprint sensor. F-Code ensures a unique and universal identification and helps retailers speed up the check-out process as well as enabling banks and governments to reduce illegitimate access to services and prevent identity fraud and theft. This partnership announcement was made by Didier Lamouche, IDEMIA’s CEO, at the JCB World Conference

More banks roll out Face ID login option

Singapore’s OCBC Bank, Britian’s Tesco Bank and Westpac in Australia have updated their mobile banking apps to enable iPhone X customers to login and authenticate payments using facial recognition. OCBC Bank has launched OneLook, which uses facial recognition to enable payments and access account information through the bank’s app. The feature can be used on the iPhone X across all of OCBC’s financial apps. Just like OCBC Bank’s OneTouch fingerprint authentication, OCBC OneLook was developed entirely by OCBC Bank’s in-house

UIDAI proposes payments regulator to prevent conflict of interest

The Unique Identification Authority of India (UIDAI), the the governing body for Aadhaar, is calling for a “payments system regulator” to prevent conflict of interest and ensure data security by monitoring digital payments, according to a report by International Business Times. According to the agency, the payments system regulator will scale up Aadhaar-based transactions by encouraging interoperability and dissuading unauthorized uses of biometric data. “In UIDAI’s opinion, there is a need for a payments system regulator/observer who can engage with