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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.

 

SmartMetric develops fingerprint scanner for credit and debit cards

SmartMetric, Inc. announced it has developed a small fingerprint scanner that fits inside a credit or debit card to protect…

 

Nigerian bank adds fingerprint recognition login to mobile app

Nigerian financial institution Diamond Bank has added iOS Touch ID capabilities to its mobile app, allowing users to securely login…

 

Mastercard discusses its plan to bring biometrics into the mainstream

In an interview with PYMNTS, Cheryl Guerin, MasterCard’s EVP and group head of global products & solutions, discussed how the…

 

NXT-ID patents voice recognition payment system

NXT-ID, Inc. announced it has received a provisional patent for its “Distributed Voice Directed Payment Method and System”. The provisional…

 

SuperCom to demonstrate mobile payments solutions at Mobile World Congress 2015

SuperCom will showcase its SuperPay suite of secure mobile payments solutions, including biometrics authentication, at the Mobile World Congress on…

 

Pindrop Security obtains $35 million in financing for voice anti-fraud solution

Pindrop Security announced today that it has closed an additional US$35 million round of financing. Institutional Venture Partners (IVP) led…

 

Hoyos Labs to demonstrate biometrics-based ATM app at ATMIA conference

Hoyos Labs announced it will demonstrate its new biometrics-based ATM app that replaces ATM cards and PINs, at this week’s…

 

Two UK banks integrate Apple’s Touch ID fingerprint recognition into their mobile apps

UK banks RBS and Natwest both recently integrated Apple’s Touch ID fingerprint technology into their iPhone apps, allowing customers to…

 

Apple Pay to be available for certain financial transactions with the federal government

Apple CEO Tim Cook announced at the White House Summit on Cybersecurity and Consumer Protection that payment service Apple Pay…

 

Mastercard, Visa to implement new cybersecurity measures and biometrics

Credit card companies Mastercard and Visa are both implementing new cybersecurity measures to ensure that hacked credit card data will…

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