Hoyos Labs to demonstrate biometrics-based ATM app at ATMIA conference
Hoyos Labs announced it will demonstrate its new biometrics-based ATM app that replaces ATM cards and PINs, at this week’s…
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.
Two UK banks integrate Apple’s Touch ID fingerprint recognition into their mobile apps
UK banks RBS and Natwest both recently integrated Apple’s Touch ID fingerprint technology into their iPhone apps, allowing customers to…
Apple Pay to be available for certain financial transactions with the federal government
Apple CEO Tim Cook announced at the White House Summit on Cybersecurity and Consumer Protection that payment service Apple Pay…
Mastercard, Visa to implement new cybersecurity measures and biometrics
Credit card companies Mastercard and Visa are both implementing new cybersecurity measures to ensure that hacked credit card data will…
Digital Insight partners with EyeVerify to provide a password-free mobile banking experience
Online financial management solutions firm Digital Insight announced it has partnered with EyeVerify Inc. to provide its customers with EyePrint…
India plans unified electronic payment system linked to Aadhaar number
India has begun implementing plans for a centralized electronic payment system and set of APIs designed to encourage the country…
World Bank provides $300m in biometric-enabled cash cards to poorest mothers in Bangladesh
The Bangladesh government signed a $300 million financing agreement with the International Development Association (IDC), the World Bank’s concessional arm…
Swiss firm Crealogix develops fingerprint prototype app for online banking
Swiss software developer Crealogix has created a prototype for a mobile banking application designed to identify users and grant them…
Kenya implements biometric registration for all citizens
The Kenyan government has implemented biometric registration for all citizens aged 12 and older, which should help prevent the duplication…
Investec uses Nuance voice biometric solution to confirm identities of clients
South African private bank and investment firm Investec has deployed Nuance Communications’ voice biometric solution to improve the overall customer…
