American Green names Canadian distributor of biometrics-based marijuana vending units

Dispension Industries Incorporated will be the exclusive Canadian distributor of American Green’s Verified Identity Dispenser. The Verified Identity Dispenser was developed for the safe and secure management of regulated products, including cannabis products and pharmaceuticals. Prior to machine access, registered users are verified by scanning their finger using industry leading vascular biometric technology. “To comply with pending Canadian cannabis regulations and the requirements set forth by our government there is only one system that we feel can meet and exceed

Determining the best biometric reader for an application

This guest post was contributed by Anixter. Biometric physical access control is the most secure means for allowing access due to the unique physical characteristics of every individual. Biometric physical access control solutions provide stronger authentication methods than a PIN, access card or physical keys, which can be lost or stolen and facilitate an unauthorized entry. Biometrics is the only credential that positively authenticates the person before he or she accesses a secure area. There are multiple ways of using

Biowatch introducing wearable prototype at VivaTechnology

Swiss startup Biowatch SA has developed and tested the world’s first fully functioning prototype for a wearable device secured by wrist vein patterns that can be used for payments, access control, ticketing, ID management, environment personalization, and more. The company said the new prototype is the “result of a disruptive technology whose time has come coupled with our continued focus on the miniaturization of technology for convenience, and the maximization of biometric performance.” “At Biowatch we are convinced that such

Hand vein authentication bolsters Sarbanes-Oxley compliance

This is a guest post by Fatima Alali and Paul Sheldon Foote, Professors of Accounting at California State University, Fullerton. Notorious frauds such as Societe Generale and UBS highlight the importance of internal controls. In spite of the Sarbanes-Oxley Act of 2002 (SOX or SOA), external auditors continue to disclose large numbers of material weaknesses in internal control systems of many public companies. In some cases, external public accounting firms have reported these material weaknesses for the same companies for

Technavio report finds North American biometrics market to exceed $8B by 2020

Technavio recently published a new research study titled ‘Biometrics Market in North America 2016-2020,’ which forecasts the biometrics market in North America to reach over $8 billion in revenue by 2020. The comprehensive report provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The report states that the Increasing complexity of cyber-attacks and data pilferage, along with the growing awareness about security risks have driven end-users to adopt more secure, multimodal authentication solutions. “A

Brisk Insights publishes report on biometrics system market for 2015-2022

Brisk Insights has published a new report entitled “Biometrics System Market By Authentication Type, Function, Application, Industry Size, Growth, Share And Forecast To 2022”, which forecasts that the global biometrics system market is expected to grow at a 19% CAGR during 2015-2022. Based on this growth, the biometrics system market is estimated to reach up to $32 billion by 2022. Brisk Insights attributes these future growth opportunities primarily to government initiatives taken in different areas. Additionally, the increasing focus on

Samsung patent uses veins for biometric authentication on wearable device

A newly published Samsung patent titled “Wearable Device and Method of Operating the Same” was filed on July 29, 2015 and published on February 4, 2016. The patent summary describes a wearable device with a sensor that includes an infrared light source and camera that captures a vein image of the user, which is processed and used to identify the user. If the vein image captured matches at least one registered vein image, a specific function or application would be

BCC Research publishes report on biometric technologies and global markets

BCC Research has published a new report entitled “Biometrics: Technologies and Global Markets”, which forecasts that the global market for biometric technologies will grow at a 2.7% CAGR between 2015 and 2020. Authored by BCC Research analyst Srinivasa Rajaram, the 377-page report examines the global and regional markets for biometric technologies and devices during the 2015-2020 forecast period. The report identifies newer markets as well as explores the expansion of the current application market for different biometric devices, including fingerprint,

Scientists develop inexpensive X-ray camera technology that can identify people

A team of scientists at the University of Washington have developed an inexpensive hyperspectral camera technology that can capture X-ray photos of small items, such as a hand, to identify people, according to a report by International Business Times. Using hyperspectral imaging, the HyperCam is able to scan 17 wavelengths of visible and invisible near-infrared light from across the electromagnetic spectrum to view details that are otherwise invisible to the human eye. Hyperspectral imaging is frequently used in a variety

Enterprise biometrics and vein recognition research from Tractica and Technavio

Research analyst firms Tractica and Technavio have each published individual reports on biometrics for enterprise applications, and vein recognition biometrics, respectively. Tractica’s “Biometrics for Enterprise Applications” report examines the market for enterprise applications for biometrics horizontally across all industries, including 10-year forecasts for the period from 2015 through 2024. One of the report’s top findings it that enterprise biometrics devices and software licenses will reach 142 million annually by 2024. According to the report, enterprises around the world are growing