Technavio forecasts global biometric PoS terminals to grow 28% CAGR through 2021

Technavio has published a new research market report that forecasts that the global biometric PoS terminals market will grow at a CAGR of nearly 28 percent from 2017 to 2021. The report lists facial recognition, fingerprint identification, iris recognition, palm vein identification, retina recognition, and voice recognition as the six major segments based on technology. According to Technavio, fingerprint identification dominated the market in 2016 with a revenue share of 85 percent. “The biometric POS terminals market will grow at

YES BANK offers Aadhaar-enabled point-of-sales terminal

YES BANK, an Indian financial institution, has partnered with Lastmile.mobi to introduce a point-of-sale terminal solution which integrates smart card with Aadhaar e-KYC and Aadhaar e-signing. The device will allow for biometric authentication through iris scanning, and has multiple functionalities, including: cash deposits and withdrawals, purchase transactions, transfer of fund, balance enquiries, e-KYC verification for account opening and e-signatures for account opening. By introducing this system, YES BANK becomes the first financial institution in India to implement such an integrated

MPOS terminal use growing according to Juniper Research

According to a recent Juniper Research report, mobile point-of-sale (MPOS) terminals will take on a significant role in businesses, handling 40% of all retail transaction value by 2021, up from 12% in 2016. Driven by larger retailers as part of an array of point-of-sale options, the use of MPOS systems will account for more than one in three point-of-sale (POS) terminals by 2021, according to a report in IT Web. The study points out that MPOS will let retailers ‘queue

Orange partners on biometric epayments solution for Iraq

Orange Business Services has signed an agreement with Canny Quest International, the Dubai-based technology partner of International Smart Card (ISC) in Iraq, to provide SIMs for connectivity to support ISC’s 6,000 payment terminals at points of service (POS) across Iraq. An additional 8,000 POS locations are planned to be online by mid-2016. ISC’s new model for e-payment services uses smart cards with sophisticated biometrics to authenticate customer ID and counter the risk of fraud. ISC provides government employees and private

SuperCom to demonstrate mobile payments solutions at Mobile World Congress 2015

SuperCom will showcase its SuperPay suite of secure mobile payments solutions, including biometrics authentication, at the Mobile World Congress on March 2-5 in Barcelona. SuperCom’s SuperPay is a full suite of solutions ranging from mobile wallet to mobile POS which use a set of components and platforms to enable secure mobile payments and financial services. The suite allows customers to securely make payments using any mobile device – including smartphones, tablets or traditional 2G/3G handsets — while allowing merchants to

NEC introduces integrated POS solution with biometric-enabled solutions

NEC Corporation of America introduced Stanchion 3.0, its new integrated point of sale solution that integrates hardware, software and services. NEC showcased the POS solution, along with other biometric-enabled retail solutions at last week’s National Retail Federation conference in New York. Stanchion 3.0 provides store managers and staff with greater access to data, improved communications and increased productivity within their store environments. The solution is both scalable and customizable to help retail employees collect real-time data and streamline the processes

Fujitsu to demonstrate biometric solutions at retail convention

Fujitsu Frontech North America announced it will be demonstrating a range of biometric solutions, including PalmEntry physical access control, during the National Retail Federation’s Annual 2015 Convention & Expo. Fujitsu’s will be demonstrating PalmEntry physical access control as a secure alternative to key and combination systems for access to a safe containing the G60 compact bill recycling unit as well as door access. Fujitsu will also host Biyo, formerly known as PulseWallet, which will be demonstrating its POS solution that

Voicekey launches voice biometric mobile-point-of-sale device

Voicekey Limited announced it is launching a mobile-point-of-sale solution which offers a fast and secure method of collecting mobile payments. Voicekey mPOS uses voice identity certificates and real-time transaction verification to ensure security of payment. “The market ready mCommerce solution that has been developed enables mobile commerce to be conducted in a convenient, secure and inclusive manner,” said Voicekey CEO Dr Tony Allen. “The use of conventional consumer smart devices as well as industry leading retail mobile-point-of-sale hardware devices allows

Top biometrics news stories, week of August 3

Biometrics Week in Review: iWallet app using fingerprint sensors, facial recognition at Brussels Airport, Nigerian banks collecting biometrics, next killer app for biometrics, Latin America market, fingerprint authentication for POS, Brits opt for biometrics, voice biometric solution for farmers and a guest post by Chuck Brooks on biometrics research at DHS. Here’s a recap of most popular and noteworthy biometrics news stories that appeared on BiometricUpdate.com this past week. Apple rumoured to launch iWallet app using fingerprint sensors to make

NCR expands use of BIO-key’s fingerprint authentication solutions for POS

BIO-key International announced that NCR Corporation has expanded its use of integrated BIO-key fingerprint authentication solutions through several national retail chains, including Wendy’s and Arby’s. Using BIO-key’s solutions, NCR will be able to provide the retail chains with secure employee access to tens of thousands of POS terminals. “The expanded utilization demonstrates that BIO-key fingerprint authentication outperforms traditional authentication methods in real-world visible applications; nothing is more mission-critical to a retailer’s revenue than the POS,” said Jim Sullivan, VP of