Mastercard and Oxford University unveil framework for mobile biometric banking

Despite a strong consensus among consumers and banks that biometrics should replace passwords for access to financial accounts, knowledge gaps are slowing the transition, according to the report “Mobile Biometrics in Financial Services: A Five Factor Framework,” released Tuesday by researchers from Oxford University and Mastercard. Since 93 percent of consumers prefer biometrics to passwords, according to researchers, and 92 percent of banks want to adopt biometric technology, its adoption should be advancing rapidly. Only 13 percent have deployed biometrics,

Border biometrics a work in progress, former FBI executive says

Finding the right mix of biometrics to best secure America’s southern border is a work in progress, according to KeyLogic VP of National Security and Chief Information Officer J. Kevin Reid. His extensive career in IT engineering, financial and program management with CJIS and other FBI projects culminated with Reid serving as the Assistant Director of the IT Infrastructure Division of the FBI. He now helps KeyLogic provide high-end engineering, professional and research services to 13 agencies across the federal

K(NO)W Identity Conference: Q&A with One World Identity CEO Travis Jarae

One World Identity will be hosting its inaugural K(NO)W Identity Conference May 15-17 in Washington D.C., which will bring together leaders across all industries and backgrounds to help combat prominent identity challenges of the 21st century. The conference will attract some of the most reputable identity experts and thought leaders for the opportunity to learn, network and collaborate on key identity-related issues. Attendees will be able to connect with key stakeholders from the companies, educational institutions, government agencies, and development

Gemalto exec discusses the 3M Identity Management Business acquisition

Earlier this week, Gemalto, a world leader in digital security, announced the closing of the acquisition of 3M’s Identity Management Business after approval by relevant regulatory and antitrust authorities. The 3M Cogent business has been recognized for delivering some of the most fastest, reliable, accurate and sophisticated biometric identification solutions in the world. Gemalto believes their strategic acquisition will round out their government service offerings by adding biometric technologies and more secure document features. 3M’s Identity Management Business will be

Author shares military biometrics deployment lessons to address industry shortfall

While working as a U.S. Army officer in the Department of Defense’s (DoD’s) biometrics organization, William Buhrow had a conversation with a frustrated member of the military in Afghanistan. The guides to use and planning considerations available for other systems used by the military did not exist for biometrics, he discovered. This realization prompted Buhrow to take on a role as an advocate for broader understanding of the non-technical aspects of large scale biometric deployments, and to write Biometrics in

Entrust Datacard building out continuous authentication capabilities

The ability to continuously authenticate a user during a session is a major opportunity for financial and banking companies with mobile customers, says Entrust Datacard global vice-president of authentication Ryan Zlockie. Entrust Datacard will make announcements related to continuous authentication at RSA 2017 and in March, the later related to biometrics, Zlockie told Biometric Update in an exclusive interview. “A lot of things are changing with the banks, that are really putting authentication even more front and center,” Zlockie says.

Mitek millennial predictions: Q&A with Mitek CMO Kalle Marsal

Mitek recently released survey findings of the mobile preferences, purchase habits and financial goals of millennials, which forecasts that more than $3 billion mobile commerce transactions in 2017 will incorporate selfies for authorization or authentication. This shows that there is a significant unmet demand to use selfies and the camera for commerce and identity verification. Conducted by Osterman Research, “The Millennial Influence: How Their Love of Mobile Shapes Commerce” study surveyed more than 3,000 millennials in the U.S., Canada and

EyeVerify CEO says biometric banking breakthrough has already begun

The tipping point for biometric authentication for mobile banking may have already arrived, EyeVerify CEO and founder Toby Rush says. Further, that position is not one of optimism, he says, but observation of financial institutions currently achieving their user experience and security goals with biometric implementations. When it was acquired by Ant Financial in September, EyeVerify already had dozens of clients in production, and was moving more through the procoess. The company announced last week that Poland-based Comarch will use

A discussion with fingerprint technology firm Integrated Biometrics

For nearly a decade and a half, Integrated Biometrics has been developing and delivering fingerprint scanners designed to withstand difficult operating environments with minimal maintenance, while providing accurate high-resolution fingerprint images even at extreme temperatures. The company’s compact, energy-efficient FBI-certified fingerprint scanners are exclusively used by law enforcement, border management, and homeland security. Wrapping up a landmark year that saw the company achieve top rankings on the 2016 SC 25 Fastest Growing Companies and Inc. 5000 lists, Integrated Biometrics is

2FA progress uneven as password obsolescence approaches

Consumers use the same password for seven different accounts, on average, according to TeleSign’s Consumer Account Security Report 2016. The report, released Wednesday, shows that nearly half of consumers (46 percent) have turned on two-factor authentication (2FA), an 18 percent increase from the previous year. Amidst a year in which a record number of breaches have been reported, TeleSign surveyed 1,300 consumers, and found that almost a third of them consider their online life to be worth over $100,000, or