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.

 

CardLab biometric cards with FPC sensor reach market, Zwipe signs up four new partners

CardLab has introduced a fingerprint biometric card it says is well-suited to government and identity applications including payments, COVID-19 vaccination…

 

Nigeria plans to replace bank IDs with digital ID numbers

Federal government authorities in Nigeria say talks are ongoing with various stakeholders to see how biometrics-backed Bank Verification Numbers (BVNs)…

 

Fujitsu palm and face biometrics launched for retail customer authentication at Yokohama hotel

A partnership between Zippin and Fujitsu has resulted in the opening of a contactless hotel store using biometric technology within…

 

Biometric payment card prospects lifted by falling costs and rising contactless limits

Idex Biometrics is expanding what it calls a “landmark” partnership with a global payment solutions provider to carry out joint marketing…

 

Driver monitoring systems put automotive biometrics for payments in place

The starting point for in-car marketplaces has already been established, with driver safety systems placing cameras in cabins to apply…

 

Integrated Biometrics’ mobile solution deployed for Nigeria’s bank ID initiative

The implementation of Integrated Biometrics’ (IB’s) Kojak PL FBI Appendix F-Certified FAP 60 10-Print roll fingerprint scanner by the central…

 

Digital ID verification increasingly targeted by AI deepfakes, advisory warns

While digital ID verification is gaining global momentum, it is also attracting new threats in the form of advanced deepfake…

 

Banks’ incomplete biometrics implementations mean extra work for customers, iProov report argues

By making it difficult or even impossible for customers to complete some processes online, banks are missing out on revenue…

 

Anti-financial crime expert hired to boost digital ID and KYC capabilities at Fourthline

Fourthline has appointed Ro Paddock as its new head of Anti-Financial Crime to support the company’s mission to deliver a new…

 

ThreatMark CEO sees behavioral biometrics moving beyond banking

Behavior profiling and behavioral biometrics are well-positioned to move beyond the banking industry, a ThreatMark co-founder said on the Banking Information…

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