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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 officially launches in UK with initial 250,000 supporting retailers

Apple announced earlier this morning it has officially launched its contactless payment service, Apple Pay, following an accidental tweet by…

 

MasterCard survey reveals that majority of Americans trust new payment technologies

MasterCard announced that it has published the “Emotion of Safety & Security Survey”, conducted by Braun Research, which finds that…

 

Imagus, Payonyx to jointly develop facial recognition payment authentication service

Imagus and global payment solutions firm Payonyx announced they will jointly develop a facial recognition payment authentication service which will…

 

Biometrics to monitor tuberculosis cases, FBI criminal history monitoring pilot & more top stories

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

 

Nigeria’s Central bank extends biometric identification deadline

The Central Bank of Nigeria (CBN) has implemented a four-month extension to the Bank Verification Number (BVN) program, giving Nigerians…

 

MACU partners with Access Softek and EyeVerify to offer multimodal biometric authentication

Mountain America Credit Union recently introduced a new multimodal biometric authentication feature that allows members to login to the MACU…

 

Biometrics bill sees backlash, Windows 10, Apple patents, fingerprint technology & more top stories

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Windows 10 Microsoft’s…

 

Digital Insight, EyeVerify Inc. offer secure biometric authentication to financial institutions

EyeVerify Inc. is offering biometric authentication across iOS and Android devices to all financial institutions (FIs) using Digital Insight for…

 

Mobey Forum survey shows biometrics a priority in financial services

Mobey Forum has released the results of an industry survey that finds that the financial services industry must set aside…

 

MasterCard to pilot facial recognition for online purchases

MasterCard will launch a small pilot program this fall in which the credit card giant will start approving online purchases…

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