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.

 

Identive launches new RFID tag for ID credentials

Identive Group has announced the launch of its Smartag Crypto tag, a new radio frequency identification (RFID) tag, the company…

 

Iranian researchers make a case for biometric banking in Iran

An academic research report has recently been published by Iranian researchers and explores the use of biometric technologies being used for…

 

New Zealand Parliament passes Electronic Identity Verification Bill, secure online identity program set to launch in 2013

Legislation passed in New Zealand Parliament earlier this month puts a new national online identity service into motion which will…

 

Biometric Research Note: Asia to lead growth in biometric banking applications

Identity theft and identity verification has begun to fuel growth for biometric applications in the banking sector. Biometric technologies are…

 

FingerTec USA announces new facial recognition technology and fingerprint scanner

FingerTec USA has unveiled its newest facial recognition technology offering, the Face ID 4 and the OFIS Gateway fingerprint scanner….

 

African Bank uses Muvoni biometric solutions to combat fraud

Muvoni Biometric & Smartcard Solutions has partnered with African Bank to combat identity fraud with biometrics. The company says it…

 

Aadhaar number holders can now update demographics online, but NPR-Aadhaar duplication remains an issue

The Unique Identificaiton Authority of India has launched a new web portal allowing Aadhaar number holders to correct or update…

 

Biometric Research Note: Indonesia most advanced adopter of eID credentials

Implementing a biometrically-enabled identification card in Indonesia, the country with the fourth largest population, has been a vital step in…

 

Fingerprint Cards secures massive Chinese order worth US$2.9 million

Sweden-based biometric authentication components and technology company, Fingerprint Cards (FPC) has just received an order worth US$2.9 million for the…

 

Belkin gets FIPS 201 certification for card reader

Belkin Enterprise, a leading manufacturer of electronic peripherals and devices for consumer, business and government markets has recently announced that…

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