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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.

 

Apple Pay expanding to UK with initial 250,000 retailers onboard

Nearly a year after it launched in the U.S., Apple Pay is finally expanding to the United Kingdom next month…

 

New Zealand tax department’s voice identification feature enrolls 1.4M users

New Zealand has managed to sign up 1.4 million Inland Revenue Department customers for Voice ID since it introduced the…

 

Credence ID launches biometric ID solutions for banks in Colombia and Panama, signs customer in Nigeria

Credence ID announced it has released a new set of mobile banking solutions and multiple deployments for two undisclosed banks…

 

Unwired Nation adds Touch ID biometric fingerprint support for mobile banking app

Mobile banking platform firm Unwired Nation announced it has added Touch ID biometric security support for its mobile app, Unwired…

 

Banks around the world deploy biometric authentication technologies

Several major banks around the world have recently announced they are deploying various biometric technologies to improve the authorization security…

 

Paycasso delivers secure identity verification through facial recognition: Q&A with CEO Russell King

Russell King will be speaking at the Payment Security & Authentication track at PayExpo this week. His speaker session is…

 

Olcsan to resell and distribute EyeVerify eye recognition products in Turkey and Europe

Olcsan CAD and EyeVerify announced athey have signed a multi-year licensing and marketing agreement., making Olcsan the exclusive reseller and…

 

Fingerprint biometrics and facial recognition most popular this week

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Fingerprints Once again,…

 

RBC becomes first Canadian bank to offer Android M fingerprint authentication support

Canadian financial institution RBC announced it will implement fingerprint-based authentication into its mobile wallet app following Google’s announcement that it…

 

Westpac Bank looks at expanding its use of biometric authentication technology

Australia’s Westpac Bank is expanding its use of biometric identification technologies to authenticate customers on its mobile banking app, according…

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