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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 plans North American launch for fingerprint EMV payment card, loses patent suit

SmartMetric is about to launch its fingerprint-activated biometric payment card for use in North America. The card, which the company says…

 

DigitalPersona acquires Identity Stream

DigitalPersona has just announced its acquisition of Identity Stream. Identity Stream uses fingerprint biometrics to identify customers in financial institutions. Its…

 

Voice belongs in the multi-factor mix: Opus report

Opus Research and Validsoft have just published a new research report on mobile commerce and authentication, arguing that voice biometrics belongs in…

 

Argentinian bank wins award for disbursement project with Lumidigm sensors

Lumidigm has announced that Banco Supervielle, a major Argentinian bank, has won an innovation award for a biometric identification project, which leverages…

 

MasterCard to join FIDO Alliance

MasterCard will join the FIDO Alliance, but the major financial services company doesn’t want you to know about it … yet….

 

Danal, CrucialTec launch mobile fingerprint payment app in Korea

It’s been widely speculated that Apple is waiting to see how Android phones are received with open sensors which communicate…

 

Morpho and BIDV sign agreement on strategic collaboration

Morpho and the Bank for Investment and Development of Vietnam (BIDV) have announced a new partnership to enhance IT security…

 

Optimal Payments, Daon enter strategic partnership for biometric payments

Optimal Payments and Daon have just entered into a strategic partnership to implement biometrics into Optimal’s existing payment services. Under the new…

 

IDEX acquires PicoField, brings co-founders on board

Idex ASA is set to acquire the assets and intellectual property rights from PicoField Technologies. PicoField develops touch fingerprint sensor designs…

 

Biometric technology is the key to safe mobile payments: Frost & Sullivan

Frost & Sullivan has just posted a statement in favor of mobile biometric payment systems, arguing the industry must focus on…

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