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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.

 

Paytoo introduces biometric enabled payment services

Mobile wallet provider Paytoo Corp. announced it will introduce its updated and new range of biometric enabled payment services during…

 

Biometrics insight service, four-finger smartphone solution, facial recognition platforms top this week’s news

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. In one of…

 

U.S. credit card firms ought to adopt biometrics over PIN, says Michigan senator

Michigan Senator Gary Peters recently said that U.S. credit card firms ought to adopt biometrics in order to surpass the…

 

Using biometrics to fight identity theft

A new research project called Secure Access Control Over Wide Area Network (SWAN), funded by The Research Council of Norway,…

 

BehavioSec aims to bring behavioral biometrics solution to US companies

Stockholm-based BehavioSec, which offers user authentication technology that identifies people by measuring users’ typing and swiping behavior on their laptops…

 

Apple Pay users warned about storing other people’s fingerprints on their iPhone

A number of banks in the UK have warned their customers that if they store other people’s fingerprints on their…

 

Biometrics and payments, twins dupe facial recognition and fingerprint authentication top this week’s news

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. In one of…

 

Juniper Research projects nearly 5 billion biometric transactions by 2019

Juniper Research has published a new report that finds that the increased use of touchless payment services using fingerprint readers…

 

Biometrics firms exhibit payment and financial services solutions at Money20/20

Several technology companies are showcasing biometric technologies for payments and financial services at Money20/20, held October 24-28 at the Venetian…

 

Google Play Store offering fingerprint option for purchases

Google’s Nexus Imprint, the fingerprint authentication feature offered in the new Nexus 5X and 6P smartphones, can also be used…

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