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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.

 

India to use Aadhaar to provide universal healthcare

The Indian government plans to use its national Aadhaar biometric database to deploy its newly proposed universal healthcare program. As…

 

Biometric Update: most popular news for week ending October 19

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

 

Financial institutions are embracing biometrics … but with due caution

More than 25 banks are registered to attend an upcoming seminar discussing biometric technology and implementations in the European financial…

 

Mastercard, Zwipe unveil fingerprint authenticated contactless payment card

Mastercard has partnered with Zwipe to launch what it claims to be the world’s first fingerprint authenticated payment card, according…

 

Alipay turns to facial and fingerprint recognition for secure payments

Chinese electronic payment service, Alipay, is turning to biometric identification technologies to protect users from fraud, hacking, identify theft and…

 

Acer partners with fingerprint technology firm Egis to develop cloud payment system

Computer manufacturer Acer announced it is partnering with fingerprint sensor provider Egis Technology to develop a cloud-based payment system that…

 

Diebold launches new 5500 ATM series with biometric finger-vein reader

Diebold announced it has released its new 5500 series of ATMS, which is designed to help financial institutions deliver full…

 

EAB seminar Biometrics in Banking currently has over 25 banks registered

The upcoming European Association for Biometrics seminar, Biometrics in Banking, has received an overwhelming response with over 25 banks currently…

 

Collection of voiceprint data has privacy advocates concerned

Businesses and governments are increasingly implementing voice biometrics as an authentication tool, and while it can potentially be a means…

 

Apple Pay to debut this week; Icahn optimistic; PayPal skeptical about security

An internal memo sent to Walgreens employees that was obtained by Mac Rumors suggests that Apple Pay may be launching…

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