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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.

 

JCB piloting Fujitsu palm vein authentication technology for payments

Japanese payment service JCB Co., Ltd. announced it will be piloting Fujitsu’s palm vein authentication technology for payments at the…

 

Mastercard rolling out payment system using facial and fingerprint recognition

Mastercard is rolling out MasterCard Identity Check, the credit card firm’s new payments system that enables consumers to make online…

 

RBC and CIBC introducing voice authentication services for telephone banking

Following its successful pilot project last summer, Royal Bank is introducing voice biometrics technology to identify clients who phone the…

 

Biometrics to secure over $5.6T of payments by 2020: Goode Intelligence

Goode Intelligence has released a new analyst report titled “Biometrics for Payments – Payments Security Gets Personal; Market and Technology…

 

Welcome to the biometrics age!

This is a guest post by Steve Cook, Director of Business Development at Facebanx. The biometrics age is upon us….

 

Biometrics on the move, facial recognition, biometric payment options, fraud prevention & more top news

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

 

Worldpay considering integrating facial recognition for UK card transactions

UK payment processing firm Worldpay is looking into ways in which facial recognition can be implemented to help verify consumer…

 

TSI and Trust Designer develop e-wallet with integrated biometric connected device

Online payment solution Ticket Surf International (TSI) and Trust Designer have developed the SesameTouch solution, the first e-wallet with an…

 

Payment service Samsung Pay goes live in the U.S.

Samsung Pay has officially gone live in the U.S., following its launch this past summer in South Korea where it…

 

Visa previews biometric payment options and wearables at summit

Visa Inc. recently held a two-day Team Visa Summit and innovation showcase at its San Francisco headquarters where some Olympic…

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