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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.

 

Biometric facial recognition payments and matching, security and identity verification tools at NRF 2020

NRF 2020 Retail’s Big Show is the world’s largest retail conference and expo currently taking place in New York City….

 

RBI allows Aadhaar-based video-KYC for onboarding and to establish identity

The Reserve Bank of India (RBI) has approved remote video-based authentication through Aadhaar as a substitute for e-KYC practices, following…

 

Bangladesh enforces e-KYC guidelines for financial institutions

The Bangladesh Financial Intelligence Unit (BFIU) has introduced e-KYC guidelines to provide individuals with a better, faster experience when interacting…

 

Fingerprint Cards payment platform, biometric sensor module pass China’s Bank Card Test Center evaluation

Fingerprint Cards software platform for payments, FPC-BEP, and the FPC T-Shape sensor module have successfully completed the precision and security…

 

Consumers prefer biometric authentication to traditional passwords, Visa says

Almost 70 percent of U.S. shoppers did not go through with an online purchase because they either forgot the password,…

 

Worldline presents biometric facial recognition payment solution at NRF 2020

Worldline has developed in partnership with OneVisage, winners of Worldline’s e-Payments Challenge, a biometric facial recognition payment solution which will…

 

Biometric Signature ID, Tis Intec develop gesture-based biometric signature ID for VR payments

Biometric Signature ID has partnered with Japanese company Tis Intec Group to integrate BSI’s gesture-based biometric signature ID in VR…

 

New Telpo POS terminals now in live operation as facial biometrics for retail expand

Telpo has announced its new POS (point-of-sale) devices for payments with biometric facial recognition are being tested in Spain, Denmark…

 

Mastercard online authentication technology launches in India as banks tap biometrics

The Federal Bank of India has formed a partnership with Mastercard to use its global authentication program with the latest…

 

Mantra Softech develops fingerprint scanner with optical sensor, targets government projects

Biometric PoS developer Mantra Softech has manufactured a high-quality fingerprint scanner enhanced with a scratch-free optical sensor for more accurate…

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