Finger vein payment tech installed at campus convenience store in Britian

Sthaler’s Fingopay technology has been installed at a campus convenience store at Brunel University London. The biometrics payments company is backed by Hitachi and is partners of Worldpay. Fingopay works via an electronic biometric reader which builds a 3D map of the customer’s finger veins, generating a unique personal key. Following a simple registration process, the customer can then use their finger to make a payment. “Fingopay offers the convenience and retail sector the opportunity to gain richer data, and

IoT Payments 2017

IoT Payments 2017 October 10-11 2017 Austin, TX IoT Payments 2017 conference speakers to explore security, mobility, usability of payments with IoT devices. The Internet of Things promises to revolutionize the payments industry. Seize the opportunity to meet the people shaping the next frontier in payments at IoT Payments 2017, the only conference bringing together the financial executives, device and application providers and retail industry experts for a deep dive into the evolving intersection of payments and IoT. Two days

Alipay launches facial recognition-based payment system at fast food restaurant in Hangzhou

Alipay recently introduced its facial recognition system for customers at a KPRO fast food restaurant in Hangzhou, according to a report by Payment Week. A 3D camera situated at the point-of-sale scans the customer’s face to verify their identity, while there is also a phone number verification option for greater security. The two-factor authentication process doesn’t require a smartphone, as long as the customer has already registered for the Alipay app and enabled facial recognition. The system uses a liveness

2018 Payments Summit expands, expects growth

Attendees of the 2018 Secure Technology Alliance Payments Summit can expect to see more than 100 exhibitors and hear from 120+ speakers when the show returns to Orlando, Florida next March. The Payments Summit will be held, for the first time, in conjunction with the U.S. Payments Forum’s quarterly member meeting in addition to being co-located with the ICMA Card Manufacturing and Personalization EXPO for the third year in a row, bringing an additional 300+ high-level Forum payments industry executives,

NEXT Biometrics technology selected for new payment and identity card

NEXT Biometrics ISO-compliant, large flexible fingerprint sensor will be used in a new payment and identity card from First Biometrics. In a statement announcing the deal, Charles Gomez, CEO of First Biometrics, explained that while the smartcard is suited for a range of industries, they will initially focus on the hotel and casino industry where “multi-level authentication and client protection is of utmost importance”. NEXT CEO Ritu Favre added, “With proven manufacture-ability, reliability and security, NEXT’s sensor is a perfect

Australian payments fraud report suggests biometrics for customer authentication

The Australian Payments Network released its 2016 Australian Payments Fraud Data Report, which revealed that recent increases in card fraud have largely been driven by identity theft and large scale data breaches through malware or phishing attacks, according to a report by Sydney Morning Herald. There number of transactions made using stolen card details more than doubled since 2011 to total $417.6 million in 2016. The figure represented 78 percent of more than $530 million in total netted by fraudsters

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