Zwipe publishes report on biometric authentication solutions for payments

Zwipe has released a report on biometric authentication solutions for payments. The report is based upon market research features interviews with 15 leading international experts from academia, financial institutions and solution providers. Zwipe is a Norwegian-based biometric technology firm that is focused on developing and commercializing secure, fast and easy-to-use biometric authentication solutions in three key areas: payments, access control and identification. Zwipe’s report, targeted at industry players, aims to highlight developments in payment biometrics, specifically focused on trends driving

HYPR joins Mastercard Start Path program

HYPR has been named to the latest class of Mastercard Start Path. Coming on the heels of the authentication solution provider’s recently announced Series A funding round of $8 million led by RRE Ventures, Mastercard’s strategic investment further enables HYPR’s decentralized authentication solutions to extend into the millions of users across the Mastercard payments ecosystem. “The importance of secure authentication has never been greater,” said Roman Kadinsky, COO of HYPR. “Working with Mastercard allows us to bring our decentralized authentication

Zwipe completes $4.3M private placement

Zwipe has completed a $4.3 million private placement of new shares to existing and new investors. “We are pleased that our value proposition – easy, secure and fast authentication – is acknowledged by both our investors and partners, as demonstrated by this capital raise as well as the progress we see in all our verticals,” said Kim Humborstad, Zwipe CEO. The biometrics technology company has commercialized two products, Access and ID cards which, according to a company statement, have near-term

UnionPay introduces facial recognition-based payment system

UnionPay unveiled its vision for the future of payments at last week’s Singapore FinTech Festival 2017. UnionPay FacePay enables users to pay for purchases using face recognition technology. Users can link their facial identity to their payment accounts, and make hands-free payments by taking a photo of their face using the FacePay-enabled system. The technology is being tested in partnership with LinkFace, and aims to soon be rolled out in Asia. According to a company statement, UnionPay FacePay can achieve

Dr Hemant Mardia keynotes EAB biometrics in banking and payments seminar in London

IDEX CEO Dr. Hemant Mardia presented the afternoon keynote at the European Association of Biometrics seminar on Biometrics in Banking and Payments in London last week. Dr Mardia’s presentation covered the development and deployment of biometric cards. The Biometrics in Banking and Payments seminar reflects the trends and opportunities of biometrics in the financial market and focus on practical issues of biometrics for financial services. More than 18 banks and financial institutions participated at the London seminar. The next Biometrics

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