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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.

 

Wells Fargo Bank becomes FIDO Alliance member

The Fast IDentity Online Alliance announced that Wells Fargo Bank has become the latest financial institution to join the organization,…

 

Crossmatch deploys fingerprint identification system at First Bank branch locations

Crossmatch announced that its DigitalPersona Pro Enterprise software and U.are.U 4500 fingerprint readers have been deployed throughout First Bank branch…

 

MasterCard to issue new contactless credit cards with integrated Zwipe fingerprint sensor in UK

Mastercard will soon issue new credit cards that include an integrated biometric sensor and the Zwipe secure biometric authentication technology…

 

Most popular biometrics news updates for the week ending November 30

Here’s a recap of most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Biometrics news in review:…

 

UnionPay promoting AndroidPay mobile payment service with possible launch in Q3 2015

China-based credit and debit card issuer China UnionPay recently began promoting its mobile payment service AndroidPay for Android-based smartphone developers…

 

Most popular biometrics news updates for week ending November 23

Here’s a recap of most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Biometrics Week in Review:…

 

Bitcoin ATM firm RoboCoin said integrating biometrics slowed down customer enrollment

Bitcoin ATM provider RoboCoin believes that implementing biometric technology is far more work than its worth, according to a report…

 

Fujitsu to launch multi-factor biometric identity verification device

Fujitsu announced that it will launch its multi-factor identity verification device, PalmSecure ID Match, on a global scale, with an…

 

Integrated Biometrics announces distribution partnership with Akiyama Soluções Tecnológicas

Integrated Biometrics announced it has signed an agreement for Akiyama Soluções Tecnológicas to be its exclusive master distributor for Brazil….

 

MasterCard aims to replace passwords with biometrics for payments: report

Given the prevalence of fingerprint-scanning smartphones, MasterCard has made plans to allow consumers to use biometric authentication instead of passwords…

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