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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 and FPC partner to grow biometric smartcard market

Zwipe and Fingerprint Cards (FPC) have announced a strategic partnership that will see the companies take a leading role in…

 

MasterCard bringing biometric payment authentication solution to Canada

Following successful pilot programs in the U.S. and the Netherlands, MasterCard is bringing its biometric payment solution to Canada this…

 

Morpho collaborates with Visa on biometrics based payment solutions

Morpho (Safran) announced it is partnering with Visa to demonstrate new payment solutions using technologies such as biometrics, tokenization and…

 

MasterCard study and pilot show consumers are embracing digital payments, biometrics

MasterCard and PRIME Research revealed the results of the fourth annual MasterCard Mobile Payments Study, which found that consumers are…

 

Biometrics and online authentication, payments, fingerprint technology and MWC trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Online authentication…

 

Nuance working with HSBC on UK roll out of voice biometrics solution

According to a report by ITV, more than 15 million HSBC and first direct mobile banking customers are being offered…

 

Fingerprint authentication added to PayPal app

PayPal rolled out an update of its app this past week that now includes fingerprint authentication for access control on…

 

Qualcomm adds fingerprint authentication support for WeChat mobile payment service

Qualcomm has become the first company to support hardware-backed biometric fingerprint authentication capabilities for Tencent’s WeChat mobile payment service, enabled…

 

Morpho demonstrating digital identity solutions at Mobile World Congress 2016

Morpho (Safran) announced it is demonstrating its latest biometric identification technologies under the banner of “Enjoying life in a connected…

 

UN WFP trials iris-based biometrics payment system for food assistance program

The UN World Food Programme (WFP) has introduced an iris-based biometric payment system allowing Syrian refugees in Jordan to redeem…

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