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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 introducing its biometric smartcard at Seamless Asia

Zwipe is introducing its dual-interface payment card at Seamless Asia, currently being held in Singapore. The biometrics-based payments solution is…

 

Securefact, Socure partner on identity verification solution for Canadian banks

Securefact and Socure have partnered to provide Canadian banks and credit unions access to a range of identity verification solutions…

 

Visa study finds millennials favor biometrics-secured payments

Visa has published a new study which reveals that millennials are interested in making biometric-secured payments using identifiers such as…

 

Lloyds Bank to trial Microsoft biometric authentication for online banking

Microsoft has partnered with the Lloyds Banking Group to enable select Windows 10 users to log-in to their online banking…

 

LG to adopt 3-D face recognition for G6 and mobile payment system

LG Electronics has reportedly partnered with facial recognition solutions firm Oez to integrate 3-D facial recognition software into its upcoming…

 

India’s tax department aiming to link bank accounts to Aadhaar by April 30

India’s tax department announced that all individuals who opened a bank account from July 2014 to August 2015 will have…

 

Security experts urge Asian e-retailers to boost authentication to protect customer data

Security experts are urging online retailers in the Asia-Pacific market to increase security authentication measures to protect consumer data in…

 

New businesses adopt Touché biometrics-based loyalty and payment platform

Touché announced that twelve new establishments in Singapore have implemented its biometrics-based loyalty and payment platform. Manufactured in Singapore, Touché…

 

UN recommends Nigeria combine its biometric platforms to improve efficiency

The UN recommended Nigeria to combine its multiple biometric platforms to improve the overall efficiency, according to a report by…

 

EU’s customer authentication rules could create challenges for corporate cards

AirPlus International warned that the proposed European Union regulations for increasing card security could prevent the booking and payment processes…

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