Canadian consumer ready to replace passwords with biometrics: survey

An overwhelming majority of Canadian consumers (85 percent) is interested in using biometrics to verify their identity or make a payment, according to survey results released by Visa. In a survey of a thousand Canadians, Visa found that nearly six out of ten are already familiar with biometrics, with 57 percent having used fingerprint recognition, and 25 percent using it regularly. Experience with voice biometrics is less common, with 39 percent having used the technology, and only 10 percent using

Holiday online shopping – naughty or nice?

This is a guest post by Robert Capps, VP and authentication strategist at NuData Security. With the Christmas holidays coming up, there will be a race to secure holiday gifts at the best prices if they didn’t already on Black Friday and Cyber Monday. Consumers are expected to spend an average of $1,226 during the holiday shopping season reaching ~$1.05 trillion between November and January, according to the latest Deloitte 2017 holiday retail survey. The survey also predicts that, for

Humaniq and Coinfirm partner to improve trust in financial inclusion technology

Fintech firm Humaniq and Blockchain company Coinfirm have announced a partnership to provide advanced security and transparency for financial inclusion technology. Coinfirm’s anti-money-laundering (AML) solution will be integrated with Humaniq’s ecosystem to protect transactions made with its native HMQ token. Coinfirm will apply its regtech (regulatory technology) to all white-labelled HMQ wallets on Humaniq’s network to provide information about registered secure wallets, which will increase the efficiency of transactions and improve trust for new and existing members of global markets,

Acuity forecasts one trillion cloud-based biometric transactions by 2022

More than one trillion transactions will be authenticated with biometrics in the cloud by 2022, supported by 5.5 billion biometrically-enabled mobile devices, according to forecasts released Monday by Acuity Market Intelligence in “The Global Biometrics and Mobility Report.” Annual revenues from biometric transactions will grow from $474 million in 2017 to $18 billion in 2022, a CAGR over 100 percent, Acuity forecasts. Biometric app revenue will grow by 26 percent annually, from $9.4 billion to 29 billion during the period,

EU unveils plans to make customer authentication more secure

The European Commission announced new rules under the Payment Services Directive (PSD2) this week that require payment service providers to verify a consumer’s identity with at least two independent elements before processing a payment. The Commission will require payments companies to develop strong customer authentication (SCA) based on the stringent security provisions built into the new rules to reduce fraud, particularly for online transactions, and to protect user’s financial data. Elements that can be used to verify identity include physical

Fingerprint Cards joins Internet Finance Authentication Alliance

Fingerprint Cards has been accepted as a member of the China-focused Internet Finance Authentication Alliance (IFAA). According to a statement from the Swedish biometrics company, the IFAA aims to achieve a more simple, more accurate way to verify the identity of humans based on fingerprint, face, iris biometric authentication methods. IFAA cooperates with device vendors, chipset vendors, algorithm vendors, security vendors, standard institution, certification organizations to together create a verification technology ecosystem, mutual benefit and common innovation, and jointly promote

Brazil’s first digital bank branch powered by Diebold Nixdorf

Saque e Pague, a Brazilian multiple service self-service network, is partnering with Diebold Nixdorf on a new digital bank branch. The first of its kind in Brazil, the new branch is equipped with cash recycling technology, video conferencing, 2D barcode readers, NFC and biometric authentication. Biometric authentication and NFC capabilities add an additional layer of security and convenience for routine transactions while two-way video services enable the consumer to request assistance for more complex transactions. Diebold Nixdorf is supplying the

Fingerprint Cards working with NXP on biometric payment card technology

Fingerprint Cards announced that it is working with NXP Semiconductors on its new high performing contactless, biometric payment cards. NXP’s secure fingerprint authentication solution for cards does not require a battery and easily fits into standard card maker equipment as part of the broader payment ecosystem. Cards with fingerprint authentication are fully compliant with existing EMVCo POS systems. “We chose Fingerprints’ sensor technology as they are a leader in fingerprint sensors with market proven leading edge performance in power consumption

Zelle payments network expands partner ecosystem

Real-time payments network Zelle has added ACI Worldwide, CGI, D3 Banking Technology, and IBM to its growing list of technology partners. These technology companies will provide design, development and integration solutions and services to help accelerate the adoption of Zelle at their financial institution clients. A full list of participating financial institutions can be found on Zelle’s website. “Our new technology partners empower financial institutions to deploy real-time payments quickly with Zelle – accelerating time-to-market, reducing risk, growing revenues, and

Zoloz introduces three new biometric authentication solutions

Zoloz has unveiled three new products — Zoloz Connect, Real ID and Smile — that are designed to ensure trust and security for millions of people who perform key transactions online, according to a report by Startland News. In August, EyeVerify revealed it rebranded to Zoloz to reflect its more comprehensive solution for trusted digital identity. The products expand on the company’s initial EyePrint ID solution, but will also use facial recognition and optical character recognition technology. “Each day, we