Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

 

New Telpo POS terminals now in live operation as facial biometrics for retail expand

Telpo has announced its new POS (point-of-sale) devices for payments with biometric facial recognition are being tested in Spain, Denmark…

 

Mastercard online authentication technology launches in India as banks tap biometrics

The Federal Bank of India has formed a partnership with Mastercard to use its global authentication program with the latest…

 

Mantra Softech develops fingerprint scanner with optical sensor, targets government projects

Biometric PoS developer Mantra Softech has manufactured a high-quality fingerprint scanner enhanced with a scratch-free optical sensor for more accurate…

 

Georgia completes trial of face biometric payments for subway system ahead of Japan

Georgia has successfully completed testing of biometric facial recognition from Riddletag in the Tbilisi subway system, becoming the fourth country…

 

Biometric point-of-sale payments growth led by India, China

The installed base of contactless-enabled POS devices will register 107 percent growth by 2024, surpassing 161 million, says data in…

 

Mitek survey shows consumers trust banks and distrust social media with digital identity

Consumers are more willing to share their digital identity information with banks than they are with government entities or tech…

 

ITU Financial Inclusion Global Initiative issues reports on biometrics and other tech to build trust

The Financial Inclusion Global Initiative (FIGI) of the International Telecommunication Union (ITU) has launched a series of new reports outlining…

 

Facial recognition payment systems rolled out in Denmark, growing rapidly in China

Nets has rolled out biometric facial recognition payment trials for 1,000 people in Copenhagen to see how people react to…

 

HID and Jumio target South East Asia as two banks launch biometric services

HID Global has introduced its iClass SE RB25F fingerprint solution in the Philippines, according to a Philippines News Agency report,…

 

Mastercard finds most Latin American and Caribbean consumers want biometric online payments

Millennials in Latin America and the Caribbean are driving regional e-commerce growth rates above 20 percent, and between 63 and…

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