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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.

 

BioSSL integrates CardLab fingerprint card interface into their online platform

BioSSL announced it has partnered with the Danish smart card firm CardLab, in which it will integrate CardLabs’ new dual…

 

Biometrics will be main banking identity authorization method by 2020, says report

Goode Intelligence published its “Analyst Report, Biometrics for Banking; Market and Technology Analysis, Adoption Strategies and Forecasts 2015-2020,” which forecasts…

 

PayPal updates iOS app With Touch ID support

PayPal has added Apple’s Touch ID fingerprint authentication to the iOS version of its app to prevent unauthorized individuals from…

 

Egis to host FIDO pavilion, cloud authentication forum at Computex Taipei 2015

Egis Technology Inc. will be promoting its new line of fingerprint IC sensors, authentication solutions, mobile payment solutions, smartband, smartwatch,…

 

IrisGuard iris recognition technology enrolls over 1.6M Syrian refugees

IrisGuard announced that its EyeBank iris recognition technology has successfully enrolled online over 1.6 million Syrian refugees displaced throughout the…

 

Google uses revamped Nexus 5 with fingerprint scanner to demonstrate Android Pay

Google has posted a new video in which product manager Maya Ben-Ari uses a Nexus 5 smartphone to demonstrate some…

 

ATM banking with facial recognition debuts in China

China’s Tsinghua University and Hangzhou-based Tzekwan Technology have designed and developed the world’s first ATM that features an embedded facial…

 

Nok Nok Labs integrates biometric authentication software with Android M Developer Preview

Nok Nok Labs announced it integrated its S3 Authentication Suite with the recently unveiled Google Android M Developer Preview. When…

 

Biometrics for banking, law enforcement, intelligence community most popular this week

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

 

Pindrop Security’s voice analysis system reduces up to 90% of phone fraud, says CEO

BiometricUpdate.com recently posed questions to Vijay Balasubramaniyan, Ph.D., the chief executive officer and co-founder of Pindrop Security in an exclusive…

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