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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.

 

Alipay, Huawei to introduce biometric security to mobile payments

Chinese online payment company Alipay has partnered with Huawei to use the fingerprint sensor in Huawei’s new Ascend Mate 7…

 

Chinese institute developing facial recognition system for online purchases

Researchers at the Chongqing Institute of Green and Intelligent Technology in China are currently developing a facial recognition payment system…

 

More than 350K iris and fingerprint devices shipped a year in India: 6Wresearch report

6Wresearch announced it has a published a new report that shows that more than 350,000 iris and fingerprint units were…

 

Morpho releases multi-finger touchless fingerprint scanner

Morpho (Safran) announced it has officially launched Finger On the Fly, which it calls the world’s fastest contactless four finger…

 

Apple patents multimode fingerprint scanner for safer financial transactions

Apple announced that the US Patent and Trademark Office has granted the company a series of 48 patents, including a…

 

Top biometrics news stories, week of August 24

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

 

Australian banks implement biometrics for mobile banking

Australian financial institution St George Bank announced it has implemented fingerprint login for its mobile banking service, according to a…

 

Law enforcement biometrics market in North America expected to grow at 18.2% CAGR: report

TechNavio has published its latest research report, “Law Enforcement Biometrics Market in North America 2014-2018” and expects the market to…

 

Top biometrics news stories, week of August 17

Biometrics Week in Review: Technoglobal acquisition strategy, biometrics for prison management, mobile commerce opportunities, biometrics in banking, South African borders,…

 

Mobile Biometric Authentication

Biometric Update Special Reports provides analysis and competitive industry intelligence for the global biometrics industry including market size, multiple industry…

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