IFC to support IrisGuard ePayment solution deployment for financial inclusion of Syrian refugees

World Bank Group member IFC and IrisGuard have announced an agreement to expand the reach of iris-based e-payment solutions to increase financial inclusion of Syrian refugees in Jordan and the region. IrisGuard will develop and deploy new iris recognition point-of-sale devices throughout Jordan and the region with the support of IFC. More than 2.3 million Syrian refugees in the region have been registered so far, making them eligible to use selected ATMs or pay for goods at participating stores through

Global ecommerce payment market to reach $135 billion by 2022

Technavio expects the global ecommerce payment market to reach $135 billion by 2022, as the trend of using biometric technologies integrated into mobile devices to make retail payment more secure and safe continues. The rising use of biometrics for mobile payments is a key market trend, according to Technavio’s new report, “Global E-commerce Payment Market 2018-2022.” The market is being driven by increasing usage of wireless networks, with wireless technologies such as 4G and wireless broadband rapidly decreasing in price,

Kona I selected as card supplier for Visa biometric payments card pilot

More details have emerged regarding the role of Kona I as a supplier for Visa’s biometric payment cards pilot project. The company will provide battery-free card components with energy harvesting technology for cards which capture, store, and validate the cardholder’s fingerprint, the Korea Herald reports. Claus Hansen, Kona I Vice President of Global Business, said the partnership is an endorsement of the company’s advanced technology which strengthens its global leadership position. Visa originally announced pilots a month ago for chip

Presentation Cartes Afrique 2018

Cartes Afrique 2018 March 22-23, 2018 Palmeraie Conference Center, Marrakech The 13th edition of Cartes Afrique will take place in Marrakech at the Palmeraie Golf Palace Exhibition Center on March 22 and 23, 2018. This edition will highlight the latest technological innovations, services, solutions, and standards applied in the payment, identification, and mobile industries, a fast-growing market. Organized by i-conférences, Cartes Afrique is the first platform of debates dedicated to the promotion of South-South partnership in Francophone Africa, and each

Contactless biometric payment cards have reached the turning point: Fingerprint Cards

2018 is the year of on-card biometrics, due to advances in biometric performance and low power consumption, the proliferation of trials, and rising market demand, Fingerprint Cards says in a blog post. The post refers to a report by ABI Research which says the payment card will remain a popular payment form factor, and that fingerprint authentication is the next step in its development. Fingerprint Cards’ own research indicates that consumers believe they will use contactless payment cards 50 percent

IDEX focuses business on bringing biometric smartcards to mass market

IDEX is on track to deliver volume rollouts for biometric smartcards in 2018 as the market reaches a critical inflection point, according to a company announcement. The company is re-shaping and focusing its business for volume commercialization in a market Biometric Embedded News estimates will approach 350 million biometric cards in 2020, for a potential value of $4 billion, the company says. Changes have included focusing resources on biometric cards, and bringing systems design and development skills in-house. “IDEX is

Mastercard bringing online biometric payments to Europe

Starting April 2019, online shoppers in Europe will be able to use biometrics as a way to identify themselves when they pay with Mastercard. Citing the increased availability of biometric capabilities on tablets and smart phones and consumers’ preference for these kind of solutions, Mastercard says that the time is ripe for enabling biometric validation solutions for digital payments. Research from Mastercard and Oxford University last year found that 93 percent of consumers prefer biometrics over passwords for validating payments

Visa announces pilot for biometric payment cards

Visa has announced pilot projects for a new EMV dual-interface biometric payment card with chip and contactless transaction capabilities in partnership with Mountain America Credit Union and Bank of Cyprus. The payment cards in both pilots have embedded sensors from Fingerprint Cards’ FPC1300-series. Biometric technology supplied by Gemalto is used in the Bank of Cyprus pilot, while the Mountain America Credit Union pilot utilizes Precise Biometrics’ Precise BioMatch Embedded algorithm solution, as well as technology provided by Kona-I. “I am

Startup Bite offering automated kiosks with facial recognition for restaurants

U.S. fast-food chain Jack in the Box is considering deploying automated kiosks to replace human cashiers at its points-of-sale, CEO Leonard Comma said this week. The technology to do so is already available from startup Bite, which makes facial recognition kiosks for quick service restaurants, The Spoon reports. The kiosks consist of iPads with proprietary software and machine learning integrated, and use facial recognition to engage customers with loyalty programs, customized menus, and upselling opportunities. “We think facial recognition can

Canadian consumer ready to replace passwords with biometrics: survey

An overwhelming majority of Canadian consumers (85 percent) is interested in using biometrics to verify their identity or make a payment, according to survey results released by Visa. In a survey of a thousand Canadians, Visa found that nearly six out of ten are already familiar with biometrics, with 57 percent having used fingerprint recognition, and 25 percent using it regularly. Experience with voice biometrics is less common, with 39 percent having used the technology, and only 10 percent using