Facial recognition firm Megvii raises $460m

Chinese facial recognition startup Megvii, the developer of Face++ facial recognition software, has raised $460 million in its latest financing round from several investors including a Chinese state fund, Ant Financial and Foxconn Technology, according to a Reuters report. A previous round of financing last December valued Face++ at $2 billion. For that round, Megvii raised at least $100 million from several investors led by Foxconn Technology Group and CCB International Holdings Ltd. The Beijing-based startup developed Alipay’s “scan your

ABI Research report forecasts 213M powered payment cards to ship in 2022

ABI Research has published a new analyst report titled “Next-generation Powered Payment Card Technologies”, which forecasts that 213 million powered payment cards will ship in 2022. This number is made up of a combination of DCV cards, biometric sensor cards and other interactive powered payment card form factors, a huge increase from the 260,000 expected to be delivered by the end of 2017. ABI Research explains that payment cards become powered when they take on interactive form factors such as biometric

SmartMetric reports interest from banks for its biometric credit card, awarded five patents

SmartMetric revealed that it is in card purchasing talks with more than seven banks from Europe, Asia, Middle East, Latin America and the United States and distributors and representatives wanting to participate in the global sales and marketing of the its biometric credit card. The SmartMetric Biometric Card is built around the EMV chip card and uses a person’s fingerprint to activate the card in a secure on card scan and match. It is self-powered with a rechargeable battery and

Worldpay report finds 63% of consumers willing to use biometric authentication

Worldpay has published a new report on consumer habits that finds that shoppers are becoming more comfortable using biometrics to pay when shopping, with fingerprint payments leading the way as the most popular biometric identification method, according to a report by ComputerWeekly.com. The study found that 63 percent of consumers want to be able to use biometrically authenticated payments when shopping, while 69 percent said they would be most open to using fingerprint recognition. Apple announced recently that its newer

imageHOLDERS designs tablet kiosk for FingoPay finger vein reader

imageHOLDERS has designed a secure enclosure to integrate Sthaler’s finger vein reader, FingoPay, within a floor standing expo, with a branded front panel and shelf to sit the finger vein reader. The secure tablet kiosk integrates the Linx 10 Windows based tablet from Exertis, providing users with a secure way to join FingoPay and the branded graphic panel highlights the key USPs of the solution. According to a company statement, imageHOLDERS have been working closely with Sthaler to securely enclose

Kona I partners with AirPlus International on biometric corporate card

Korean fintech firm Kona I has partnered with payment services provider AirPlus International to offer payment cards using biometric authentication technology. According to a report in The Investor, the technology will “speed up transaction time and provide increased convenience and security” by enabling cardholders to use fingerprints for verification instead of PINs or signatures. The biometric technology is based on an energy harvesting solution patented by Kona I. AirPlus International is a leader in corporate travel management with a payment

Biometrics-based payment system coming soon for Singapore school kids

Singapore-based Coolpay has customized its biometrics-based loyalty and payment solution, Touché, for the school environment. The customized solution, which eliminates the need for cash, cards, wearables, vouchers or smart wallets by allowing payment through just two fingers, will be an upcoming feature of the POSB Smart Buddy program to facilitate a simpler payment experience for students. Students register their two fingers once on the device and link it through the POSB Smart Buddy program to their parents’ bank account. The

First European trial of Mastercard’s biometric card completed

UniCredit Bulbank of Bulgaria recently completed the first European trial of Mastercard’s biometric card, which combines chip technology with fingerprint technology to verify cardholders’ identity for in-store purchases. The biometric card works similar to any other chip card whereby the cardholder inserts the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and, if the biometrics match, the cardholder is successfully authenticated and the transaction can then be approved.

Study finds Americans support biometrics-based payment systems

Viewpost released the results of a new survey covering American consumers’ perceptions about “futuristic” payments technologies and currencies, including biometric solutions such as fingerprinting, facial recognition, retinal scanning and voice control. After surveying 1,000 U.S. consumers, Viewpost found that 80 percent of Americans are in support of biometrics-enabled payments technologies and currencies. The study found that 52 percent of respondents believe that payments between companies and customers will be exchanged via mobile app in the future. Based on the survey

Viewpost study finds US consumers looking forward to face, voice recognition payments

Online invoicing and payment firm Viewpost has released the results of a new survey that finds that people are looking forward to paying companies with mobile apps and technologies such as face and voice recognition, according to a report by International Business Times. The survey, which is based on the responses of 1,000 U.S consumers, finds that more than half of American believe that payments between companies and customers will soon be conducted through mobile apps. Additionally, only 11 percent