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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.

 

HyprKey prepares to launch biometric mobile payments platform

With the ultimate goal of replacing password entry, HyprKey is launching the first phase of its new mobile payment system…

 

South Africa seeks bids for biometrics-verified grant payment system

After a series of controversy-plagued tenders, the South African Social Security Agency (Sassa) is once again looking for a private…

 

Most popular biometrics news updates for week ending November 9

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

 

Biometric identification news from Uganda, Kenya and Nigeria

Uganda to Procure Biometric Passport System Uganda’s directorate of Citizenship and Immigration Control has started the process of procuring electronic…

 

Biometrics featured prominently at Money 20/20

Many new developments in biometric technology were showcased this week at the Money 20/20 tradeshow in Las Vegas, the largest…

 

Bionym, RBC, Mastercard testing payments using biometric wristband

Bionym, the company behind the Nymi Band authentication wristband, is preparing to test heartbeat-authenticated payments in Canada before the end…

 

Biometrics ensure that World Bank support goes to civil servants in Somalia

After 23 years of absence, the World Bank Group has reengaged in Somalia with a new Multi-Partner Fund for Somalia…

 

Biometric Update: most popular news for week ending November 2

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

 

FacePhi brings facial recognition to mobile banking in Costa Rica

FacePhi Biometrics announced it has signed a deal with Coopeservidores to install its facial recognition system for the Costa Rican…

 

VoiceVault partners with Enacomm to provide secure voice biometric authentication

Enacomm and VoiceVault announced they are partnering to deliver an easy, secure form of voice authentication that protects customers. VoiceVault’s…

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