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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.

 

PayByFace CEO on new personal VR assistant and biometric platform updates

PayByFace has been working to expand the reach and effectiveness of its biometric payment solutions, with a busy start to 2021….

 

Idemia, Zwipe, Idex join forces on next-gen biometric payment cards to lower cost

Idemia is launching the second generation of its FCode biometric card, which will be the first made with Idex Biometrics’ TrustedBio…

 

Number of stolen digital identities on deep web marketplace skyrockets, Netacea claims

A new report by bot detection and mitigation specialist Netacea has shown a 250 percent increase in stolen digital identities…

 

Digital identity plans, public and private sector roles taking shape in the Netherlands and Panama

The Dutch government’s approach to digital identity will be based on government issuance and recognition, while Panama has selected Mastercard…

 

Biometrics for retail payments rolled out by Amazon, Sberbank, FPC

Amazon is bringing its palm biometric payment system to Whole Foods stores, according to a report by CNBC. Amazon One was…

 

Philippines biometric national ID project advances with 28M Phase One registrants

Up to 28 million Filipinos participated in the first phase of registration for the Philippine Identification System (PhilSys) which seeks…

 

Fabrick’s IDCM mobile biometric authentication solution secures remote transactions for Crédit du Nord

Open Banking Ecosystem Fabrick and retail banking group Crédit du Nord have jointly launched a new biometric authentication app for…

 

BioCatch updates behavioral biometrics platform with proactive risk notifications

The global market for behavioral biometrics will grow at a spectacular 21.3 percent compound annual growth rate from 2021 to…

 

Juniper predicts 1.4 billion software-based face biometric payments users by 2025

A market report by Juniper Research predicts an expansion of the use of software-based face biometrics to secure payment authentication,…

 

Persistent fraud threats drive consumer biometrics for payments and mobile credentials

A biometric spoof attack and new fraud report this week both indicate the challenge of ensuring financial transactions are legitimate,…

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