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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.

 

Enacomm CMO compares biometric authentication methods, financial institutions exploring biometrics & more top stories

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

 

Biometrics market growth to be driven by integration into consumer electronics: report

Research analyst group IndustryArc announced it has published a new report entitled “Next Generation Biometrics Market Analysis (2014 – 2020)“,…

 

Credit card companies, banks piloting biometric authentication technologies

Credit card companies and Canadian banks are developing biometric authentication technologies to enable customers to validate transactions both in-store and…

 

NXT-ID patents personalized tokenized payments for next-gen payment technology

NXT-ID announced it has received provisional patent 62/192218 for “Personalized Tokenization System and Method”, which covers its next-generation payment technology…

 

HYPR releases biometric tokenization SDK

HYPR announced via its blog that it is now offering general availability of the HYPR Biometric Tokenization Platform, a new…

 

Innefu Labs launches biometric authentication solution for financial transactions

Research and development security group Innefu Labs has launched AuthShield, a multifactor authentication solution that integrates facial and speech recognition…

 

OPM hack, Apple Watch biometrics patent, behavioral biometrics, analyst reports & more top stories

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

 

Biometrics Institute issues results of annual industry survey to members

The Biometrics Institute has released full results of the 2015 Industry Survey to its members, which provides insight into various…

 

Samsung begins trialing mobile payments platform in South Korea

Samsung began rolling out a trial version of its new mobile payments platform to select Galaxy S6 and S6 Edge…

 

Alipay executive says biometrics will replace passwords within three years

At a presentation at the Digital Commerce Summit in Shanghai, Alipay VP Jason Lu predicted that biometric verification for mobile…

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