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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.

 

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…

 

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,…

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