FB pixel

Smart Payment Association to lay out benefits of biometrics at CARTES

 

The time is now for biometrics in financial services.

That’s the message that Lorenzo Gaston, the technical director of the Smart Payment Association will bring to Cartes when he takes the stage this Thursday, November 21, 2013.

According to the association, Gaston will review how today’s proven biometric technologies deliver the security, privacy and performance the financial services industry needs, as well as setting out the SPA position on how biometric Match-on-Card authentication delivers advantages in terms of security and data privacy.

“The introduction of biometrics authentication would deliver significant benefits in terms of tackling card payment fraud, extending cardholder verification through the introduction of an additional validation factor,” Andreas Strobel, President of the SPA said. “Adding biometric functionality to an EMV card has the potential to facilitate access to financial services for previously hard to reach populations and opens the way to provisioning a range of services that require a legally accepted digital signature – from subscribing to a new financial service through to proceeding with a mobile commerce transaction or the download and transfer of electronic money.”

Gaston’s presentation is set to take place tomorrow, Thursday November 21 at 12:30 p.m., during the Biometrics: Privacy and Security Concerns conference track of CARTES 2013.

The association has also announced the availability of a whitepaper on biometrics for payment applications, which also sets out the SPA’s vision.

Article Topics

 |   |   | 

Latest Biometrics News

 

Findynet funding development of six digital wallet solutions

Finnish public-private cooperative Findynet has announced it will award 60,000 euros (US$69,200) to six digital wallet vendors to help translate…

 

Patchwork of age check, online safety legislation grows across US

As the U.S. waits for the Supreme Court’s opinion on the Texas case of Paxton v. Free Speech Coalition, which…

 

AVPA laud findings from age assurance tech trial

The Age Verification Providers Association (AVPA), and several of its members, have welcomed the publication of preliminary findings from the…

 

Sri Lanka to launch govt API policies and guidelines

Sri Lanka’s government, in the wake of its digital economy drive, is gearing up to release application programming interface (API)…

 

Netherlands’ asylum seeker ID cards from Idemia use vertical ICAO format

The Netherlands will introduce new identity documents for asylum seekers Idemia Smart Identity, compliant with the ICAO specification for vertical…

 

Zenoo integrates Trinsic, Sumsub for advanced digital ID onboarding options

Onboarding and compliance orchestration engine provider Zenoo has formed a pair of partnerships to give its customers a broader range…

Comments

3 Replies to “Smart Payment Association to lay out benefits of biometrics at CARTES”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events