Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

Pakistan has almost finalized preparations for the poverty alleviation program Ehsaas Kifalat, which will be officially launched on January 31,…

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Mastercard sets up Intelligence and Cyber Centre in Vancouver

Mastercard has inaugurated a global Intelligence and Cyber Centre in Vancouver, Canada, the sixth in its portfolio focused on cyber…

 

Persistent Systems, ValidSoft announce biometric voice authentication tool for banks, credit unions

Persistent Systems and ValidSoft have partnered to create a digital biometric voice authentication solution for banks and credit unions to…

 

Two Austrian card issuers choose Entersekt authentication tech to secure ecommerce payments

Leading card issuers in Europe’s DACH region have integrated authentication technology from Entersekt implemented by its regional partner Netcetera to…

 

New regulatory enforcement makes 2020 big year for biometrics, execs say

Regulations for authenticating transactions and protecting privacy will continue to evolve in 2020, with companies gearing up for PSD2’s Strong…

 

China’s guidelines for facial recognition payments stress biometric data protection

The Payment & Clearing Association of China has introduced its first guidelines for facial recognition payments, addressing user consent and…

 

buguroo adds behavioral biometrics checks to bugFraud to prevent banking fraud

buguroo has equipped its anti-fraud solution, bugFraud, with enhanced new account fraud prevention features, including behavioral biometrics checks, to prevent…

 

Israel Securities Authority announces changes to encourage digital innovation

Israel Securities Authority (ISA) announced regulatory changes to support and accommodate digital market innovation in Israel, writes KFGO. “The implication…

 

Pakistan introduces biometric screening to prevent terror funding through national investment schemes

In an effort to prevent funding terrorism, Pakistan will require biometric screening and identity verification for those participating in national…

 

Amazon considers palm biometrics for touchless in-store payments, tests terminal transactions with Visa

Amazon is working on linking users’ hands to credit card information to enable palm biometric payments at checkout terminals, reports…

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