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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.

 

Dinube provides mobile biometric payment system to European supermarket chain

European payment network Dinube announced it has provided European supermarket chain BonPreu with a digital payment system that uses tokenization,…

 

Cognitive biometrics can help strengthen Citibank’s patented device binding solution

In his Infosecurity Magazine opinion piece, BioCatch founder Avi Turgeman explains how cognitive biometrics can complement CitiBank’s recently patented device…

 

Polish bank developing multi-modal biometric authentication solution

Polish bank PKO BP has partnered with the Gdańsk University of Technology in northern Poland and Microsystem to develop a…

 

Togo’s selects CrossMatch biometrics solution for employee sign-in and transaction authorization

Crossmatch announced that San Jose-based sandwich chain Togo’s Eateries has deployed its U.are.U 4500 fingerprint readers to increase security, boost…

 

Majority of US banking consumers prefer mobile biometric authentication over passwords: study

Telstra Global released a new report that reveals the majority of US consumers using mobile banking applications prefer their mobile…

 

Biometrics and banking, facial recognition and fingerprints favorite topics this week

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

 

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…

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