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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.

 

YES BANK offers Aadhaar-enabled point-of-sales terminal

YES BANK, an Indian financial institution, has partnered with Lastmile.mobi to introduce a point-of-sale terminal solution which integrates smart card…

 

EAB bringing its Biometrics in Banking and Payments seminar to London

The European Assocation for Biometrics (EAB) is presenting its 6th seminar on Biometrics in Banking and Payments on Friday, October…

 

Fonmoney deploys HooYu identity confirmation technology

Identity confirmation provider HooYu announced that its identity confirmation technology is helping online money transfer specialist Fonmoney to fast track…

 

Spreadtrum and IFAA work on framework for an iris-based payment authentication system in China

Spreadtrum Communications has entered into a strategic cooperation with the Internet Finance Authentication Alliance (IFAA) to jointly promote the framework…

 

Mastercard introduces facial recognition mobile payments in Europe

Mastercard has introduced a new fingerprint and facial recognition-based payment technology in Europe to verify the identity of the cardholder,…

 

Banco Inbursa deploys FacePhi technology for mobile banking authentication

With the deployment of FacePhi‘s “Selphi” solution, Banco Inbursa has become the first financial institution in Mexico to use facial…

 

Japan trialing biometric payments for tourists

Japan’s Ministry of Economy, Trade and Industry has started trialing a cashless payment service using biometric technology for foreign tourists,…

 

Equiniti launches Daon-based mobile biometric authentication service

Equiniti Group PLC has partnered with Daon Inc. to launch Prequel, a mobile biometric authentication and identity lifecycle solution. By…

 

Indian banks testing blockchain, AI, biometrics, open API and payments

Several Indian banks are testing and launching new technologies including blockchain, artificial intelligence, biometrics, open API and payments, in both…

 

Lenovo to offer fingerprint authenticated payments on laptops

Lenovo is partnering with Intel, PayPal and Synaptics to combine its laptops with Intel’s on-chip hardware security, allowing users to…

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