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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.

 

PayPal executive discusses future of identification technologies

In a presentation titled “Kill all Passwords”, PayPal’s head of developer evangelism, Jonathan Leblanc, discusses cutting-edge technologies in development to…

 

Samsung to launch biometric mobile payment service within South Korea

Samsung SDS, the IT service affiliate of Samsung Group, has partnered with local payment gateway firms KG Mobilians and KG…

 

BIO-key provides fingerprint authentication system for financial firm

BIO-key International, Inc. announced that an international retail and commercial financial services firm, whose name it did not reveal, has…

 

Enacomm, VoiceVault to discuss voice biometrics at PAYMENTS 2015 conference

Enacomm, Inc. announced that it will join identity verification solutions firm VoiceVault in a panel discussion at the PAYMENTS 2015…

 

Tencent working to improve facial recognition accuracy for online banking

Chinese payment service firm Tenpay, a subsidiary of Tencent, has partnered with National Citizen Identity Information Center under China’s Ministry…

 

Nearly a third of UK consumers prefer fingerprint ID bank login: Equifax study

Credit reference agency Equifax has released a new study, conducted by YouGov on Equifax’s behalf, which found that UK consumers…

 

Central Bank of Nigeria’s biometric registration sees complications

The Central Bank of Nigeria said that many customers are either unaware of the upcoming mandatory biometric registration or are…

 

Early Warning, BioCatch to help U.S. financial services organizations combat fraud

Early Warning announced it has partnered with BioCatch to help U.S. financial services organizations gain and share behavioral intelligence to…

 

South African bank, Department of Home Affairs combine biometric databases

South Africa’s Capitec Bank and the Department of Home Affairs have combined their biometric databases in an effort to curb…

 

American Express considering facial recognition technology

American Express Co. is testing both facial recognition and wearable technology to potentially integrate into its mobile apps in an…

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