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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.

 

Biometrics 2015: A Q&A with Biometrics Institute CEO Isabelle Moeller

The Biometrics Institute is carefully planning the upcoming Biometrics 2015: Secure Identity Solutions Now!, held October 13 – 15 at…

 

FBI biometrics facility, border security, heartbeat and fingerprint authentication most popular news this week

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

 

Nymi Band completes first heartbeat-authenticated payment with a wearable device

The Nymi Band, a wearable authentication device that uses electrocardiogram technology, has been used to make the world’s first credit…

 

awamo raises $550k to launch biometric microcredit management solution in Africa

Finnish financial technology startup awamo announced it has closed its first funding round in which the company raised EUR500,000 (US$550,000)…

 

Suncorp Bank adds fingerprint authentication feature to mobile app

Financial institution Suncorp Bank announced it has added a fingerprint authentication feature to its mobile banking application, according to a…

 

Biometrics and privacy laws, fingerprints, facial recognition & more top stories

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

 

CTBC Bank piloting ATMs that use finger vein scanning and facial recognition

CTBC Bank has began piloting biometric security features for employees, as well as plans to implement finger vein scanning and…

 

Tencent to launch online stock trading platform with facial recognition authentication

Chinese internet service portal Tencent will soon launch an online stock trading platform with a facial recognition authentication system on…

 

South Korean credit card issuer BC Card to adopt biometric identification

Next month, South Korean credit card firm BC Card will become the first local financial institution to provide a biometric…

 

ID Global Solutions acquires payment gateway service MultiPay SAS

Global payment service firm ID Global Solutions Corporation announced that it has acquired payment gateway service MultiPay SAS for an…

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