Touchtech Payments to expand biometric payments service throughout Europe

Irish startup Touchtech Payments, which offers a solution that uses biometrics to authenticate online payments, is preparing to expand in Germany, France and Kuwait, according to a report by Irish Examiner. Touchtech has developed biometric payment technology that uses smartphones to authenticate users through a range of factors including fingerprinting and facial recognition. Launching its first product in 2015, Touchtech became the first Irish firm to offer a MasterCard and Visa certified payment fingerprint authentication system. The company currently has

Tractica report forecasts global iris recognition market to grow to $4.1B by 2025

Tractica has published a new report that examines the market for iris recognition biometrics hardware from 2016 through 2025, which forecasts that the number of iris recognition device shipments will increase from 10.7 million units in 2016 to 61.6 million units in 2025. The iris recognition market, which will see 277.4 million cumulative shipments over the 10-year forecast, is driven by the continued growth in consumer and government applications. According to Tractica’s “Iris Recognition” report, recent technology advances have brought

Osram Opto introduces new infrared LED for iris scanners

Osram Opto Semiconductors introduced a new infrared LED (IRED) for iris scanners at last week’s Mobile World Congress that, according to the company, illuminates the eyes so evenly that the software identifying the iris pattern hardly needs to correct artifacts. The direction of emission of the new SFH 4787S is slightly angled rather than vertical, simplifying the design process by eliminating the usual mechanical aids. Osram Opto Semiconductors introduced its first generation of this technology for smartphones and mobile devices

TrendForce forecasts optical sensors used in iris and facial recognition to reach $827M in 2025

LEDinside, a division of TrendForce, recently published its 2017 IR LED/IR Laser and Optical Sensor Market Report, which forecasts that the global market of IR LED and IR laser components used in iris and facial recognition solutions will grow at a CAGR of 24 percent from $145 million in 2017 to $827 million in 2025. “The incorporation of features such as iris recognition and 3D Sensing in smartphones provides a lucrative opportunity for suppliers of IR LED, IR laser and

EyeLock demonstrates iris biometric capability on Qualcomm Snapdragon 835

EyeLock demonstrated its iris biometric solution on the latest Qualcomm Snapdragon 835 mobile platform with X16 LTE at this week’s Mobile World Congress 2017. The Snapdragon 835 processor contains the Qualcomm Haven security platform, a set of hardware, software and biometric technologies that provides security features for online banking and payments. The platform also includes hardware-based user authentication, device attestation, and device security for various applications, including mobile payments, enterprise access, and personal data protection. Aside from providing secure fingerprint

BioID introduces eye recognition solution in public beta release

Cloud biometrics developer BioID introduced its new biometric eye (periocular) recognition solution in a public beta release. In addition to the cloud-based face and voice authentication options currently available as part of its BioID Web Service (BWS), the new eye recognition solution gives developers an additional choice when integrating biometric authentication with their applications. According to a company statement, eye recognition will enable new use cases that were not possible with face recognition and can deliver greater performance in certain

IriTech, Egistec sign co-promotion deal to target mobile device and VR/AR manufacturers

IriTech, Inc. has entered a co-promotion agreement with fingerprint sensor developer Egis Technology Inc., which is expected to create more opportunities for the two companies in the consumer technology space while focusing on the mobile industry. With an extensive background in iris recognition technologies, IriTech provides several innovative approaches aimed at emerging industries such as augmented reality (AR), virtual reality (VR) and automotive. The company has made significant investments in research and development to solve various challenges faced by iris

IrisGuard introduces iris camera designed for outdoor enrollment and recognition

IrisGuard has released EyeHood, its portable iris camera that is ideally suited for outdoor enrollments and recognitions. EyeHood is the latest addition to the IrisGuard EyePay platform camera portfolio. The camera fully shields the user from direct sunlight and other external lighting conditions both at mobile or stationary enrollment and verification stations, providing excellent iris quality images and matching results, essential in payment and identity systems. According to a company statement, the EyeHood was developed to meet difficult outdoor registration

Technavio report forecasts global automotive biometric market 2017-2021

Technavio published a new report titled “Global Biometric Market in the Automotive Sector, 2017-2021”, which forecasts that the market will grow steadily during the next four years and see a CAGR increase of more than 19 percent by 2021. The report states that one of the main growth drivers of the market is the vulnerability in existing keyless entry systems in which criminals use hacking devices to break into vehicles. To combat this, automotive original equipment manufacturers (OEMs), suppliers, and

iPhone 8 rumored to include either iris scanner or face recognition

Apple’s upcoming iPhone 8 model, which is expected to be released in September, will reportedly include either an iris scanner or facial recognition software, according to a Mac Rumors report that pointed to sources and patents. Rumors that the new iPhone would feature iris scanning technology have been rampant since last August when Mac Rumors released a report citing a Chinese-language MoneyDJ article. “An iris scanner could complement or replace Touch ID as a way to verify a user’s identity,