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

 

Sumsub puts numbers to deepfakes preceding elections; govts take action

An internal analysis conducted by Sumsub shows a substantial rise in deepfake content leading up to the 2024 elections in…

 

IBM loses institutional investor over biometrics sales to Israel

A major Norwegian assets management company Storebrand says it has got rid of its investments in US technology company IBM…

 

FIDO Alliance introduces passkey Design Guidelines to optimize UX

New guidance on how to implement passkeys for optimal user experience have been published by the FIDO Alliance. FIDO’s Design…

 

Interpol exec calls for more biometrics sharing to combat cross-border crime surge

Speaking at a recent event in London, Stephen Kavanagh, executive director of police services at Interpol, warned of a “new…

 

NSW launches digital inclusion strategy consultation on equitable service access

The New South Wales (NSW) government has initiated a call to action for local communities, industries, community organizations, and government…

 

Liberia issues biometric ID cards to fight public sector fraud

A partnership between the National Identification Registry (NIR) and the Civil Service Agency (CSA) in Liberia has set the stage…

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.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events