Visa study finds Australians prefer biometrics over PINs for payment authentication

Visa released its sponsored YouGov study that found that Australians are slowly accepting the idea of making payments via Internet of Things (IoT), as long as they can use biometrics for authentication, according to a report by ZDNet. The report states that 29 percent of Australians are comfortable with the idea of using internet-connected devices, such as a virtual assistants or smart fridges, to make payments. The figure, which more than doubles the 12 percent reported in September 2016, is

UN using IrisGuard ethereum blockchain payment platform for refugees

The United Nations High Commissioner of Refugees (UNHCR) is using IrisGuard’s private Ethereum blockchain technology to enable streamlined payment services for thousands of Syrian refugees seeking humanitarian aid, according to a report by ETH News. After refugees are registered through UNHCR, other humanitarian organizations including the World Food Programme (WFP), the United Nations Children’s Fund (UNICEF) and the International Organization for Migration (IOM) can further assist them through resettlement programs, international remittance, healthcare services and microfinance to promote a better

This week in biometrics industry stocks

As the biometric industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. The data chain between Nasdaq and several media outlets was accidentally fed incorrect data on July 4th. For a while the data feed to several major websites suggested shares of tech stocks such as Amazon

PayExpo Europe

PayExpo Europe 4-5 October 2017 London, UK – ExCeL London Now in its fifth year, PayExpo Europe is the leading payments event in the UK, attracting 2,200+ senior stakeholders from across the entire European payments community to network, learn about the ever changing payments landscape and make essential business contacts for the year ahead. With consumers’ spending habits and attitudes towards their personal finances changing faster than ever, the organizations that stay at the forefront of industry developments have a

Token develops ring with fingerprint sensor for continuous authentication

Biometric technology startup Token has developed Token, a ring embedded with a fingerprint sensor that can be used for payments, access and several other applications, according to a report by Engadget. Although the ring itself is made of thick metal and plastic, its interior contains an optical sensor, a fingerprint sensor, and NFC and Bluetooth as well as a chip with a secure element inside. Once the individual puts on the ring, Token immediately begins scanning his or her fingerprint

OT-Morpho rolls out range of biometric payment cards

OT-Morpho has introduced what it calls “the market’s first” complete range of biometric payment cards. Biometric recognition occurs through a fingerprint sensor integrated into a fully EMV-compliant card. The cardholder’s fingerprint template is securely stored in the chip of the card. As the card is inserted into/tapped onto an EMV payment terminal, cardholders place their finger onto the sensor and an OT-Morpho algorithm matches the fingerprint to the template stored in the card, replacing the manual entry of a PIN.

European card integrator demonstrates IDEX’s new flexible fingerprint sensor

IDEX revealed that a top-tier European card integrator is demonstrating the company’s newest fingerprint sensor for dual interface cards at Money20/20 this week. The company’s new low-power sensor enables a biometric card with fingerprint authentication, while maintaining the same shape, size and flexibility as current ISO standard EMV payment cards. The solution takes advantage of the state-of-the-art power management offered by IDEX’s newest ASIC to deliver this performance in both contact and contactless modes, without the need for an internal

SmartCard Marketing Systems, CardLogix to develop closed-loop payment solutions

SmartCard Marketing Systems, Inc. and CardLogix Corporation have partnered to deliver seamless payment solutions that connect SmartCard Marketing Systems’ payment architecture to CardLogix’ smart card platforms. Through the collaboration, the companies will provide a sandbox solution as well as custom-built solutions that optimize speed, mobility, and security for medium-sized enterprises, governments, and resort and casinos. The system will map ID filters and parameters of the unique user for sending payments securely over a cloud-hosted, closed-loop payment system. “We are excited

Syniverse, Pinn to deliver stronger security and continuous attribution

Syniverse and Pinn have partnered to combine Syniverse’s global platform with Pinn’s attribution solution to deliver a stronger level of transaction security and continuous attribution. These capabilities are required by impending regulation like Payment Services Directive 2 (PSD2) and the General Data Protection Regulation (GDPR). Pinn’s attribution solution collects data regarding a user’s behavioral biometrics — which use the recognition and analysis of an activity that users do frequently, such as how they hold their smartphone or type on a

Gemalto study finds 48% of users expect mobile devices to be main ID form by 2025

Gemalto released its ‘Mobile Customer Experience’ report revealing that 48 percent of consumers expect a mobile device to become their primary form of identification by 2025 as a result of biometric technologies. Based on research of nearly 2,000 consumers in the United States, UK, Germany, France, China and Brazil, the report reveals expectations across all aspects of the mobile experience including data privacy. The survey results suggests that the trend of mobile payments increasing in recent years will continue. By