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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.

 

Accenture and Word Bank release report on universal ID

Today, Accenture and the World Bank released a report to help developing nations create universal ID management systems. The report…

 

Biometrics and law enforcement, new SIBA CEO, identity as a service and more top stories

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

 

Barclays Bank launches online business portal to be used with Hitachi biometric reader

UK financial institution Barclays Bank has launched its online banking portal that can be used with Hitachi Europe’s biometric reader…

 

Biometrics and elections, Aadhaar, online fraud, Intel’s authentication app & more top stories

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

 

Biometrics Institute releases top 10 vulnerability questions paper

The Biometrics Institute released its new guiding paper, “Top 10 Vulnerability Questions”, to its members and key stakeholders, which helps…

 

MIDAS Alliance developing payment authentication pilot with UK government

The MIDAS Alliance announced at a recent Open Identity Exchange OIX UK meeting that the organization will be working with…

 

Visa introduces biometric authentication option for chip card transactions

Visa Inc. announced it has introduced a new specification which will integrate palm, voice, iris, or facial authentication capabilities with…

 

EAB biometrics in banking seminars: A Q&A with Max Snijder

This fall, the European Association for Biometrics will host three ‘Biometrics in Banking and Payments’ seminars that will address the…

 

Biometrics in border control, facial recognition, a lawsuit and more top stories

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

 

Fighting organized online fraud

This is a guest post by Ryan Wilk, director of customer success at NuData Security The Office of Personnel Management…

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