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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.

 

Dermalog wins Frost & Sullivan’s biometrics award for achievements in Africa

German biometrics manufacturer Dermalog Identification Systems announced it has been rewarded Frost & Sullivan with the “2015 African Biometrics Company…

 

Biometrics in healthcare, mobile authentication, Aadhaar, Biometrics2015 and more top stories

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Biometrics 2015:…

 

Columbus schools to deploy fingerprint authentication in cafeterias

The Westerville City School District Food Service Department is slowly deploying biometric finger scanning at several of schools throughout the…

 

First Tech Federal Credit Union, MasterCard pilot U.S. biometric payments service

First Tech Federal Credit Union announced it has implemented a pilot program with MasterCard that will enable First Tech employees…

 

SK Planet fingerprint authentication solution secures FIDO certification

South Korean payment service firm SK Planet announced that its biometric authentication solution passed the Fast IDentity Online (FIDO) Alliance’s…

 

Nigerian government recommends unified biometric data collection and usage

Upon reading a briefing on the activities of the National Population Commission (NPC), Nigerian President Muhammadu Buhari recommended that government…

 

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)…

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