Visa announces pilot for biometric payment cards

Visa has announced pilot projects for a new EMV dual-interface biometric payment card with chip and contactless transaction capabilities in partnership with Mountain America Credit Union and Bank of Cyprus. The payment cards in both pilots have embedded sensors from Fingerprint Cards’ FPC1300-series. Biometric technology supplied by Gemalto is used in the Bank of Cyprus pilot, while the Mountain America Credit Union pilot utilizes Precise Biometrics’ Precise BioMatch Embedded algorithm solution, as well as technology provided by Kona-I. “I am

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

Visa survey shows consumers are ready for biometrics

Consumers are ready to give up passwords for biometrics, according to survey results from Visa which show 86 percent are interested in using biometrics for identity verification or to make payments. More than 65 percent of the 1,000 Americans surveyed by AYTM Market Research are already familiar with biometrics. Interestingly, while 70 percent say biometrics are easier than passwords or PINs, and 61 percent consider them faster, only 46 percent say they are more secure. “For financial institutions, the time

Visa launches biometrics-focused security roadmap

Visa has published a “Future of Security Roadmap” which emphasizes the use of biometrics, particularly with a mobile device, in its strategy for securing payments in Australia through 2020. The strategy rests on four pillars: devaluing data by removing sensitive data from the ecosystem; protecting data by implementing safeguards; harnessing data to increase confidence and identify potential fraud before it occurs; and empowering all stakeholders to take an active part in securing payments. Visa plans to achieve the data harnessing

Daon to provide biometric authentication services for Visa platform

Daon has been selected by Visa to provide biometric services for the credit issuer’s Visa ID Intelligence platform. The platform allows financial institutions, developers and commerce partners to access authentication technologies, giving consumers secure, seamless and convenient methods to shop, pay and bank on their mobile devices. Visa’s new streamlined experience allows users to receive near-instant card account application and approvals, as well as secure payments. “Daon is proud to partner with a technology innovator like Visa,” said Tom Grissen,

Visa outlines plan to push Australian banks to adopt biometric authentication

Visa has unveiled a four-year plan to push Australian banks to build infrastructure and implement policies to adopt biometrics authenticated transactions, according to a report by The Australian Financial Review. The credit card giant’s security roadmap details a four-year strategy for Aussue banks to adopt new standards for ecommerce transactions in an effort to streamline the purchasing process and reduce fraud, as well as implement new information sharing practices and tokenization technology. Visa Asia-Pacific senior vice-president Joe Cunningham said the

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

Lawsuit alleges Apple Pay violates patents related to biometrics

Device security company Universal Secure Registry (USR) filed a lawsuit in a Delaware Federal District Court Sunday against Apple and Visa, alleging patent violation by Apple Pay. Kenneth P. Weiss, CEO of USR, holds 13 patents relating to authentication systems using a smartphone, biometrics, and secure one-time token generation for financial transactions, according to the lawsuit. USR alleges its technology protected by those patents is at the core of Apple Pay. The suit also alleges that Weiss had extensive meetings

Visa research reveals more consumers adopting biometric solutions

Credit card firm Visa recently released new research which shows that biometrics are reaching mainstream use as retailers and consumers are increasingly adopting the technology, according to a report by Essential Retail. Consumers are increasingly embracing biometric technologies such as face recognition and fingerprint authentication within the retail environment, the study finds. Natasha Toothill, head of merchant services at Visa, said that consumers were previously skeptical about biometrics. However, with technologies like face recognition being adopted by airports, the majority

Visa testing behavioral biometrics for use in future social payments

Visa is testing and refining a range of behavioral biometric technologies including voice recognition and ambient authentication, in preparation for the next generation of social payments, according to a report by International Business Times. The credit card giant is looking to work with social payment platforms to create secure transactions that don’t require the level of intervention by the payer that they perhaps do today. “If your screen is always on and you are looking at it while you are