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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.

 

USAA sees strong customer support for biometrics

Upon rolling out its biometric authentication for its mobile banking apps, USAA discovered that more than 400,000 USAA customers have…

 

Accenture, Moven to develop digital banking solutions including biometric authentication

Accenture has partnered with banking service Moven to jointly develop next-generation digital banking solutions, while providing real-time behavioral feedback to…

 

NTT DoCoMo, Fujitsu launch smartphone with iris authentication feature

Japanese mobile carrier NTT DoCoMo announced it has released Arrows NX F-04G, a smartphone with iris recognition that enables users…

 

SayPay Technologies, VoiceVault to deliver voice biometrics payments solutions

Payments start-up SayPay Technologies, Inc. has partnered with VoiceVault, Inc. to deliver online and mobile payment solutions. SayPay integrated its…

 

First Internet Bank, Investec integrate biometric authentication into mobile banking apps

Financial institutions First Internet Bank and Investec separately announced that they have integrated Touch ID functionality in their respective mobile…

 

Federal Reserve Bank of Atlanta paper analyzes biometric authentication methods

In April, the Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta released a working paper that analyzed…

 

Case develops biometric bitcoin wallet

In a presentation at TechCrunch’s Disrupt NY 2015, startup Case demonstrated what it calls one of the most secure hardware…

 

Visa looking for partners to integrate biometrics in payment process

Visa is currently scouting for industry partners to research ways in which it can integrate biometrics to authenticate payments, according…

 

ID360 forum to focus on economic matters related to identity, cybersecurity and personal information

The Center for Identity at The University of Texas announced it will host the fifth annual ID360: The Global Forum…

 

MasterCard to introduce biometrics, tokenization in European cards this year

Mastercard recently announced at the Risk to Reward 2015 conference in London that it will be launching biometrics and tokenisation…

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