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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.

 

Zwipe launches new white label biometric payment card enrollment solutions

With the planned mass-market deployment of biometric credit cards approaching, Zwipe is launching a range of white label fingerprint enrollment…

 

NEXT Biometrics’ sensors to be integrated in TYSSO POS devices for the US market

NEXT Biometrics has received a new purchase order for fingerprint sensors from point-of-sale terminal maker TYSSO (Fametech Inc.), to be…

 

Virtual ID deadline extended again as UIDAI and Indian banks work to improve authentication systems

The Unique Identification Authority of India (UIDAI) has begun carrying out a directive from the Supreme Court, delivered as part…

 

Touché announces bank in United Arab Emirates as first big Middle East customer

Singapore-based startup Touché has signed up Mashreq Bank of the United Arab Emirates (UAE) to explore ways to offer its…

 

NEXT Biometrics strikes deal to provide fingerprint sensors for POS devices in India

NEXT Biometrics has received an order for fingerprint sensor modules from China-based point-of-sale (POS) maker Telpo (Telepower Communication Co. Ltd.)…

 

Tappy introduces biometric watch strap for payments, access and digital authentication

Tappy Technologies has launched its passive biometrics-enabled watch strap that offers payments, access and digital authentication functionalities. The Hong Kong-based…

 

BABB raises £1.4 million to support license application for biometric banking platform

Blockchain banking startup BABB has raised £1.4 million (US$1.78 million) in equity crowdfunded through the Crowdcube platform to support license…

 

Banks in China testing facial micro-expression detection for fraud reduction

Chinese financial services provider Ping An has created a technology for detecting users’ involuntary micro-expressions with smartphone cameras to determine…

 

Majority of UK consumers trust fingerprints over PINs and want biometric payment cards today

A majority of people in the UK would use biometric payment cards today if they were offered by their bank,…

 

BioCatch signs up seven tier-one banks in Latin America for behavioral biometric fraud prevention

BioCatch has announced partnerships with seven tier-one banks in Latin America to protect them against the region’s increasing risk of…

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