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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.

 

Apple Card secures payments with smartphone biometrics as Mastercard plans for digital trust

Apple has announced a new digital-first credit card built into the iPhone Wallet app with a range of security and…

 

Multifactor authentication slowly entering call center plans

The number of contact center decision makers planning to replace knowledge-based authentication (KBA) with new technologies for multifactor authentication has…

 

Most Filipinos trust physical biometrics for mobile or ATM financial transactions

Filipinos have relatively high comfort levels with biometric identity verification for financial transactions, with 85 percent saying they are comfortable…

 

Entersekt adds BioCatch behavioral biometrics to mobile identity services platform

Entersekt, which provides mobile identity services for fintechs, has announced a partnership with BioCatch to leverage its behavioral biometric technology…

 

MYPINPAD to offer financial institutions app development sandbox with AimBrain biometrics

Multi-factor authentication (MFA) provider MYPINPAD has partnered with AimBrain to offer financial institutions a secure sandbox environment in which to…

 

Telpo features biometric payment terminals at Money20/20 Asia

Retail smart device provider Telpo reports that its smart terminals and biometrics-based payment solutions were “highly regarded” at Money20/20 Asia…

 

Payment provider FSS launches adaptive authentication solution supporting step-up biometrics

Payment technology company FSS (Financial Software and Systems) has launched a new adaptive authentication solution based on the EMVCo 3DS…

 

Samsung Pay brings contactless biometric payments to PFS cardholders in UK

Samsung will launch Samsung Pay for PFS payment cards to allow UK cardholders to make contactless payments with a PFS…

 

UK consumers and businesses agree biometric payment coming but split on modality

More than half of British consumers believe biometrics will be used for payments in the future, compared to only 8…

 

Jumio partners with ComplyAdvantage to offer automated anti-money laundering screening

Jumio has announced the launch of a new, fully automated anti-money laundering (AML) screening solution to reduce customer’s risk exposure…

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