Biometrics and banking, facial recognition and fingerprints favorite topics this week
Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week.
Two of the top stories this week involved newly secured patents for fingerprint technologies, including Apple being granted a series of patents relating to biometric sensing and finger sensing using integrated circuit finger sensors and associated methods for iMac (keyboard) and MacBook, suggesting that the technology giant is considering integrating Touch ID into future Macs.
Samsung has filed a U.S. patent application for a new non-touch method for fingerprint recognition on mobile devices.
Mobile banking platform firm Unwired Nation recently added Touch ID biometric security support for its mobile app, Unwired Banking.
And finally, NEXT Biometrics recently commissioned the largest, commercial fingerprint sensor test ever conducted, which found that fingerprint sensor accuracy directly correlates to the size of sensors used.
There were a couple of stories involving biometrics in banking, starting with Goode Intelligence publishing its “Analyst Report, Biometrics for Banking; Market and Technology Analysis, Adoption Strategies and Forecasts 2015-2020,” which forecasts that there will be over one billion users accessing banking services through biometric systems by 2017.
There were also several major banks that recently announced they deployed various biometric technologies to improve the authorization security of their mobile banking apps.
In one of the more intriguing stories this week, UK police said it will use portable facial recognition technology for the first time at a music festival in an effort to identify and catch thieves and drug dealers.
In a Q&A interview, Paycasso CEO Russell King discussed how Paycasso’s facial recognition products differ from competing products on the market, why he feels that biometrics is the future of payments validation and security, and how the company is currently developing a code of conduct on how the Consumer Privacy Bill of Rights applies to facial recognition technology.
Finally, Mercia Fund Management is investing over $230,000 in UK-based facial recognition tech developer Customer Clever Ltd.. The investment will help support the tech firm’s development of an algorithm which determines gender, ethnicity, age and time of visit of retail customers.
Acuity Market Intelligence published “The Global Biometrics and Mobility Report: The Convergence of Commerce and Privacy Market Analysis and Forecasts 2014 to 2020“, in which it revised forecasts for the mobile biometrics market.
Morpho (Safran) said it is planning to aggressively capture untapped markets in Africa.
Labor members of Australia’s Senate Standing Committees on Legal and Constitutional Affairs have released a report that details a number of recommendations to be made to a government bill that, if passed, will grant the immigration department the authority to collect biometric data.
Olea Sensor Networks, a provider of intelligent sensors and analytic software for mobile and cloud-based service solutions, unveiled its HeartSignature, authentication technology which is able to accurately and continuously identify individuals based on their unique heart pattern.
Biometrics firm Morpho (Safran) powered last weekend’s Aadhaar Hackathon, providing biometrics technology to develop authentication applications.
Finally, NEC Corporation launched NEC Smart Hospitality Solutions, an integrated portfolio of solutions for the international hospitality industry that includes communications platforms, unified communications (UC) applications, property management systems (PMS), facial recognition systems, digital signage and guest room management systems.