Eyeprint ID integrated into Daon’s IdentityX authentication platform

EyeVerify‘s Eyeprint ID technology will be integrated into Daon’s IdentityX authentication platform, allowing for the first time eye recognition capability to be included in the IdentityX platform. “Collaboration with leading providers of best-of-breed authentication technologies as part of our IdentityX authentication platform is a win-win. Our partners win through fast access to our large global customer base, our customers win by having rapid access to innovative technologies and we win as the IdentityX platform grows as a thriving and innovative

EyeVerify details PSD2 and how payment providers can comply with SCA requirements

In a new company blog post, EyeVerify solutions engineer Ryan Schroeder details the essential aspects of the Revised Payment Services Directive (commonly referred to as PSD2) and what payment service providers will need to do in order to be compliant with the law’s strong customer authentication (SCA) requirements. PSD2, which will go into effect in January, is designed to make it more convenient, faster, less expensive and more secure for consumers to make digital payments, as well as to develop

EyeVerify makes predictions for biometrics in banking, announces new deployments

In a recent blog post, EyeVerify summarized the key biometrics-based product launches in the financial industry for 2016, as well as made a couple of predictions regarding the biometrics in banking for 2017. For fingerprint products, Touch ID saw considerable progress in 2016 with dozens of banks deploying the technology including Bank of Scotland, BBVA Compass, Deutsche Bank, Fifth Third Bank, HSBC, Lloyds Bank, Mashreq, Santander USA, and Standard Chartered, along with many regional and community banks and credit unions.

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

HYPR raises $3M to fund enterprise deployment of biometric security

HYPR Corp. has secured $3 million in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures. The company will use the funds for rapid expansion of its security engineering talent base and its dedicated office space in the Herald Square area of central Manhattan. “This funding is earmarked for expanding our world-class engineering team in order to better serve our large enterprise customers,” HYPR CEO George Avetisov said in an email interview. “Securing this funding round with our enterprise software-focused

EyeVerify to continue to expand its trusted identity solutions from base in Kansas City

EyeVerify is building on its vision of providing trusted identity solutions to hundreds of millions of people around the globe, all from its headquarters in Kansas City. Just last month, Ant Financial Services Group, the operator of Alipay, acquired EyeVerify. According to a company statement, the months ahead will see the eyeprint authentication company expand its relationship with the University of Missouri Kansas City, where Eyeprint ID technology was originally developed, and draw from the extensive local talent pool of

EyeVerify acquired by Ant Financial

Ant Financial Services Group, the operator of Alipay, have acquired EyeVerify, Inc. the creator of Eyeprint ID, a patented, secure mobile eye verification technology. Although the companies didn’t disclose the sale price, Bloomberg is reporting that Ant is paying about $70 million for the company, according to a person familiar with the matter who asked not to be named because the details are private. “The acquisition of EyeVerify is a critical part of our effort to make bold, yet thoughtful

Eyeprint ID being integrated into the BioConnect platform

BioConnect and EyeVerify announced a licensing agreement that includes the integration of Eyeprint ID into the BioConnect platform. Eyeprint ID, from EyeVerify, uses existing 1+ MP smartphone cameras to image and pattern match the unique pattern of eye veins and other micro features in and around the eye. According to a statement by the company, it is the only biometric that protects user data with a high entropy encryption key, equivalent to a 50-character complex password. “EyeVerify is one of

FBI proposes that its biometrics database should be excluded from privacy laws

The FBI proposed last week that its biometric database be excluded from several provisions of the U.S. Privacy Act, which states that all federal agencies must notify individuals about any records they acquire and retain regarding them, according to a report by Softpedia. The FBI’s Next Generation Identification System (NGIS) is a database that contains the biometrics data (fingerprints, eye scans, facial scans, and DNA samples) of both criminals and non-criminals in the U.S. The NGIS is often used to

Infosys Finacle, Onegini partnership to strengthen digital banking security

Infosys Finacle and Onegini are partnering to integrate the Onegini mobile security platform with Finacle banking solutions, enabling secure mobile banking through advanced biometrics and multi-factor authentication. The integration will allow banks to offer customers an option to select advanced authentication methods, including fingerprint, facial, eye and voice recognition as well as multi-factor authentication for added security as they transact on devices. The end-user will be presented different authentication methods depending on device, location and type of transaction. Andy Dey,