Financial Services

Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

Fingerprint Cards has published a white paper on the superior security biometrics provide fingerprint-enabled payment cards, compared to legacy user authentication…

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South Africa urged to adopt biometrics amid growing ID fraud

There have been recommendations from various quarters for the South African government to adopt biometric technology in order to stem…

 

Biometrics will authenticate ‘vast majority’ of payments within ten years: report

Biometrics will likely be used to authenticate the vast majority of payments within the next ten years according to 85…

 

Biometric payment cards from Mastercard and Idemia to be trialed in Q4

Mastercard and Idemia have partnered to launch their first joint pilot of a biometric payment card in Asia for fingerprint-enabled in-store purchases,…

 

Zwipe reviews biometric payment cards progress and seeks up to $1.6M with subsequent offering

Zwipe has launched a subsequent offering of up to 1 million offer shares at the same subscription price as a recent…

 

TypingDNA and buguroo each present behavioral biometrics advantages for banks

The global market for biometrics in banking and financial services will be worth $10.8 billion by 2025, backed by increasing…

 

Shinhan Card plans facial recognition retail payments expansion in South Korea

The biometric payment system supplied by Shinhan Card to the CU convenience store at Hanyang University in Seoul has been…

 

Zwipe orders 300K biometric fingerprint sensors from Idex for volume payment card production

Zwipe has ordered 300,000 units of Idex Biometrics’ TrustedBio fingerprint sensors to support the role-out of the Zwipe Pay ONE platform…

 

Could Nigeria’s biometrics-backed BVN show other countries the way for business loans?

Biometrically-secured finance could offer more financing options to help small businesses grow. Nigeria’s biometric Banking Verification Number (BVN) system provides…

 

Manufacturing of Zwipe biometric payment cards for Middle East banks begins

Zwipe will jointly deliver Zwipe Pay ONE to banks across the Middle East with partner Inkript under a newly launched…

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