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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.

 

BBC reporter and his twin dupe HSBC voice ID recognition system

HSBC’s voice ID authentication software designed to prevent bank fraud has been duped by BBC Click reporter Dan Simmons and…

 

7-Eleven testing palm-vein authentication for payments in South Korea

A 7-Eleven outlet in South Korea is testing a self-checkout system that will allow customers to pay for purchases using…

 

Humaniq demonstrating biometric wallet app at Consensus 2017

Blockchain technology startup Humaniq is conducting a live demonstration of its Ethereum-based blockchain banking app at CoinDesk’s Consensus 2017, this…

 

Enfuce, Gemalto offering mobile authentication services in the Nordics

Gemalto has partnered with Finnish financial services provider Enfuce to provide financial enterprises in the Nordics with mobile authentication services….

 

Safran providing software, manufacturing capacities for Mastercard biometric card

Safran Identity & Security is providing biometric card software and manufacturing capacities for Mastercard’s next generation biometric card. The new…

 

Visa research reveals more consumers adopting biometric solutions

Credit card firm Visa recently released new research which shows that biometrics are reaching mainstream use as retailers and consumers…

 

Daon integrates IdentityX authentication platform with Experian’s fraud and ID solution

Daon has partnered with Experian to offer its IdentityX authentication platform with CrossCore, Experian’s fraud and identity solution. IdentityX combats…

 

Mobile biometric payment volumes to reach nearly 2B in 2017

Juniper Research has released a new study that forecasts that the number of mobile biometric payments will increase to nearly…

 

Android Pay feature could use face recognition for loyalty programs

Google has uploaded a new version of its Android Pay application to the Play Store that could potentially include a…

 

Scientists develop biometric, solar powered ATM for rural India

India’s Minister of Science & Technology, Harsh Vardhan, announced this week that a team of scientists led by professor Gon…

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