Biometrics in financial services, online authentication, privacy and access control trending this week
Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week.
The Japanese government will test a biometrics-based payment system this summer that will see foreign tourists able to verify their identity and make purchases using only their fingerprints. The pilot project will have inbound tourists register their fingerprints and other data, such as credit card information, at airports. Tourists will then be able to conduct tax exemption procedures and make purchases after verifying their identities on fingerprint readers installed at stores.
The National Payments Corporation of India Ltd. launched its new Unified Payments Interface (UPI) system this past week. Using the UPI payment solution, users in India will be able to initiate a payment request from a smartphone. The system utilizes virtual addresses as payment identifiers for sending and receiving money and works with “one click, two-factor” authentication. The system also provides an option for scheduling push and pull transactions and runs on an Immediate Payment Service platform, allowing for “everywhere and anytime” availability.
Nationwide is working in partnership with BehavioSec and Unisys on a mobile banking app that uses behavioral biometrics for continuous authentication. The prototype is still in the early stages, but the bank says it eventually could be used as additional security for mobile banking alongside more traditional methods such as PINs and passwords, as well as using other biometric technology such as fingerprint and voice recognition.
SmartMetric recently demonstrated its biometric payment card with built in fingerprint reader at the Smart Card Alliance Payments Forum. The company is now in talks with credit card issuing banks around the world who are looking at issuing the fingerprint protected card to satisfy customer concerns about card fraud while at the same time mitigating their own card fraud losses. SmartMetric says that they can currently produce up to 1 million cards a month with the ability to ramp up considerably within a relatively short space of time.
According to a recent Mobey Forum survey, major technological advances and economies of scale have enabled biometrics to gain strong momentum as a secure authentication factor to verify a customer’s identity in the areas of mobile banking and payment. “The vast majority of banks intend to implement biometrics in the relatively near future, just as the number of handset manufacturers planning to integrate biometric capabilities into their devices rises.”
India’s ICICI Prudential Asset Management Company has introduced a paperless, biometrics-based know your customer (KYC) service across its major centres. Clients can complete the KYC process with a fingerprint scan and make transactions of any amount instantly. This feature will also be available on IPRUTOUCH, the distributor mobile app that lets distributors and independent financial advisors on-board customers instantly. Distributors should also be able to facilitate transactions for the investor immediately after the fingerprint authentication.
Morpho (Safran) is contributing its expertise in biometrics as part of a Visa Europe exhibition in Paris, France this month. The first demonstration includes the use of MorphoWave technology for Visa proximity payments, a touchless solution that captures and matches four fingerprints with a single hand movement in less than a second. The second demonstration features authentication of a Visa online payment with facial recognition via a smartphone. According to a recent survey, there will be over one billion users accessing banking services through biometric systems by 2017.
Microsoft’s latest generation of Web browser will natively support its new biometric authentication standard. In a blog post published earlier this week, the company said that its new Edge browser, which is the default browser available with Windows 10 operating system, will support Windows Hello. Windows 10 incorporates multi-factor authentication technology based upon standards developed by the FIDO Alliance.
In an effort to move services from paper to digital and eliminate lengthy queues at its offices, South Africa’s Department of Home Affairs (DHA) has launched the eHomeAffairs web site to let Johannesburg citizens apply for smart IDs online. The web site will allow clients to apply for passports or smart IDs, pay funds electronically and book an appointment online. Once the citizen goes to their bank for an appointment, he or she will go to the counter allocated to home affairs officials, who will then verify their identity online and capture biometrics digitally.
Fingerprint Cards (FPC) has published its annual report for 2015 documenting a record year that includes US$356.6 million in revenues, which amounts to a 1,142 percent rise over 2014. Beyond applications in smartphones, FPC is expanding applications for its fingerprint sensors into several other areas, including smartcards, the automotive industry, physical access, the healthcare sector, banking and finance, the public sector, login devices, and the Internet of Things. FPC also outlined its growth strategy, stating that it aims to primarily grow organically and through complementary acquisitions.
Fingerprint Cards (FPC) and Precise Biometrics are providing the fingerprint technology for ivvi’s i3 and the new Vivo V3 and V3 Max smartphones. Both devices use Fingerprint Cards’ touch fingerprint sensor FPC1035 and Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The fingerprint algorithm is based on Precise Biometrics’ standardized extractor and matcher technology, which is ISO 19794-2 compliant.
India’s Home Ministry will ask for regulations or an amendment to the recently passed UIDAI Act to mandate that the Unique Identification Authority of India (UIDAI) share biometric data with the Registrar General of India (RGI). The new privacy bill ensures that all appropriate technical measures must be taken to secure the Aadhaar biometric data in a central repository, and that sharing of data is highly restricted.
The U.S. Army is committed to evaluating several biometric systems that can function on the battlefield. According to a Defense Department budget submission, the Army will design experiments for the “detection of insider threats based on biometric identification” in the 2017 fiscal year. The Army’s objective is for the technology evaluation to determine how biometric protections can be deployed in tactical environments that are loud and chaotic.
Naval Submarine Base New London (SUBASE) will soon be implementing the Defense Biometrics Identification System (DBIDS) at all access gates, joining the ranks of other Navy Region Mid-Atlantic commands. DBIDS is a global database which effectively facilitates the distribution of biometric data to the gate-guard tasked with controlling an individual’s authorized access to SUBASE. Using a hand-held wireless scanner, the gate-guard scans the ID card’s barcode and/or the individual’s fingerprints to instantly identify the individual and whether or not the individual has authorized access to the base.
A primer on voice biometrics is a guest post by Steve Hoffman, CEO of SayPay Technologies, that provides essential background information to those interested in learning more or planning their own voice biometrics authentication programs.