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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.

 

Guidelines for UK police chiefs on applications to retain & use biometric material

The UK’s National DNA Database Strategy Board has published guidelines for chief police officers when deciding whether to make an…

 

Top biometrics news stories, week ending September 28

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

 

Samsung to partner with PayPal to enable mobile payments with new smartwatch

Samsung is partnering with PayPal to offer mobile payment capabilities for the next version of its Galaxy Gear smartwatch, according…

 

Alibaba becomes board member of the FIDO Alliance

Alibaba Group is now a board member of the FIDO Alliance, joining its growing roster of members who share technology…

 

Biometrics identity and mobile payment conference in Japan

Egis Technology announced it will be hosting the “Evolution of Biometrics Identity & Mobile Payment” conference on September 24 in…

 

Lumidigm demos biometric sensors at bank security conference in Miami

Lumidigm has been demonstrating fingerprint technology at CELAES 2014, the FELABAN Conference on Bank Security in Miami this week. Lumidigm’s…

 

Use of biometrics gets lower transaction fees for Apple Pay merchants

Apple announced that it is allowing Apple Pay merchants to pay card present rates (aka cardholder present) for all transactions…

 

Top biometrics news stories, week ending September 21

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

 

MasterCard biometric verification system achieves 98% success rate in pilot

MasterCard said that its biometric verification system, which combines both voice and facial recognition, has achieved a 98% success rate…

 

Oxigen launches eKYC service to be used with mobile wallet service

Payment solution company Oxigen announced it launched eKYC services to help Indian citizens use its Oxigen Mobile Wallet Service without…

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