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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.

 

U.S. should adopt biometrics IDs for Social Security

Comprehensive immigration reform in the United States might spur the implementation of nationwide biometric identification. BiometricUpdate.com reported last week that…

 

Biometric devices expose collusion scam in Karnataka hostels

A scam involving collusion between officials at the social welfare department in India with contractors has been exposed, thanks to…

 

Greater Egg Harbor High School District to install biometric payment system for students

The Greater Egg Harbor Regional High School District in New Jersey is set to install a biometric fingerprint payment system…

 

Aadhaar scholarship program struggles to enrol students

Linking students’ scholarship accounts Aadhaar numbers has proven to be a more difficult task than originally suggested, as progress has…

 

DigitalPersona fingerprint scanners get certified by STQC

DigitalPersona, Inc., has announced that its Eikon Touch 500 with TouchChip TCS1 Sensor and U.are.U 4500 Reader UID edition fingerprint…

 

Egyptian government approves smart card system for fuel subsidies

The Egyptian government has recently approved a new smart card system for subsidized fuels, originally proposed by the ministries of…

 

Central Bank and Emirates ID look to enhance co-operation, smart card applications

The UAE Central Bank and the Emirates Identity Authority have met to consider enhancing co-operation in regards to using the…

 

Fingerprint Cards swipe sensor selected by financial information services provider

Fingerprint Cards (FPC) has announced that its technology has been selected by a financial information services provider to use in…

 

Seniors in Trinidad and Tobago to use biometric smart cards to access benefits

Seniors in the Republic of Trinidad and Tobago will soon be able to use their biometrics to access social benefits,…

 

Biometric smart cards for prisoners in India

The Ministry of Home Affairs prisons department in India is set to introduce a smart card for all prisoners, which…

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