Facebook files patent for facial recognition for physical payments

A patent application filed by Facebook and published Thursday by the U.S. Patent and Trademark Office (USPTO) indicates the company’s intention to move into the retail payments market. The filing describes a method of using facial recognition as a secure and convenient method for physical retailers to authenticate customers’ identities. Patent inventor Stephen Moore Davis addressed the limitations of existing payment methods in the filing, including the requirements for devices using NFC for payments to first be unlocked with a

European Payments Forum

5th Annual European Payments Forum March 1-2, 2018 Amsterdam, The Netherlands After the great success of the September 2017 event, we will have our next annual European Payments Forum in March 2018. This time, the hosting city is going to be Amsterdam, The Netherlands. The event will continue to discuss PSD 2 as it transformed the entire banking system and caused a big headache for banking professionals. Participants will have the chance to debate about FinTech & Technological (R)evolutions and

EAB seminar to focus on practical issues of biometrics for financial services

The European Assocation for Biometrics (EAB) will carry out its popular Biometrics in Banking and Payments seminar next month at the ABN AMRO headquarters in Amsterdam. The seminar will reflect the trends and opportunities of biometrics in the financial market and focus on practical issues of biometrics for financial services. Topics to be covered include the implementation of PSD2, privacy and data protection in the perspective of the new GDPR and how to choose the right solution. Keynotes will be

IDEX predicts huge second wave of biometric adoption in investor update

IDEX presented an investor update on Thursday, identifying a potential “second wave” of biometric adoption led by a smart card market which could reach 300 million units in 2020. The wave of adoption is set up by what the company touts as “the off-chip sensing revolution,” with low-cost, flexible sensors delivering a high degree of digital intelligence. Following the first wave of biometric adoption, which IDEX says was catalyzed by Apple, Mastercard is driving the second wave, according to the

TRUSTECH

TRUSTECH – Pay, Identify, Connect & Secure 28 – 30 Nov.2017 – Cannes – French Riviera TRUSTECH is the Largest International Event dedicated to Trust-Based Technologies with unprecedented networking opportunities and not-to-be-missed Keynote Speakers. Join the whole industry for three days of Innovation, Business and Networking! Discover our first 150+ speakers: DAY 1: Ø Mobile Payments & Wallets Ø Biometrics for Authentication Ø Data Protection & Data-Driven Innovation Ø Connected Commerce & IoT Ø Securing the IoT Ø Cartes Afrique

Fingerprint payment cards to reach 160m shipments by 2022

ABI Research has published its latest Biometric Technologies and Applications report, which finds that biometric technologies are consistently growing their presence in more banking applications. The report states that embedded fingerprint sensor payment cards are the latest addition finally ready to go public. Fingerprint embedded payment cards will experience a significant growth over the next years reaching 160 million shipments by 2022 with a 5-year CAGR of approximately 400 percent. While the Middle East, Africa and North America will be

Apple developing redesigned 2018 iPad with facial recognition

Apple is developing a redesigned iPad that could be released as early as 2018 that integrates key iPhone X features such as slimmer edges and the Face ID facial recognition feature, according to a report by Bloomberg citing people familiar with the matter. Despite these new features, the new iPad is unlikely to include an OLED screen, which more accurately reproduces colors. The sources, who asked not to be identified talking about private product development, confirmed that at least one new

The Payments Summit

The Payments Summit March 26-29, 2018 Orlando, Florida The Payments Summit is the premier industry event covering all things payments, including FinTech, EMV chip technology, mobile wallets, NFC, contactless, open transit systems and more. Attend the 11th annual Payments Summit and get the latest on all of these exciting technologies and the many business opportunities they can unlock. 2018 will mark the third time that the Secure Technology Alliance and the International Card Manufacturing Association (ICMA) are co-locating events, giving

IDEMIA and JCB to introduce F-Code biometric payment card in Japan

IDEMIA has partnered with international payment network JCB to introduce the F-Code biometric payment card to Japanese customers. The F-Code solution is a payment card that features a built-in fingerprint sensor. F-Code ensures a unique and universal identification and helps retailers speed up the check-out process as well as enabling banks and governments to reduce illegitimate access to services and prevent identity fraud and theft. This partnership announcement was made by Didier Lamouche, IDEMIA’s CEO, at the JCB World Conference

UIDAI proposes payments regulator to prevent conflict of interest

The Unique Identification Authority of India (UIDAI), the the governing body for Aadhaar, is calling for a “payments system regulator” to prevent conflict of interest and ensure data security by monitoring digital payments, according to a report by International Business Times. According to the agency, the payments system regulator will scale up Aadhaar-based transactions by encouraging interoperability and dissuading unauthorized uses of biometric data. “In UIDAI’s opinion, there is a need for a payments system regulator/observer who can engage with