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.

 

Fico survey shows support for biometrics and mobile banking as financials adopt voice technology

Two out of five Malaysians expect to enroll biometrics when they open bank accounts, and more people in the country…

 

Consumer anticipation of biometric payments surges as contactless takes over from cash

Cash is disappearing and payment cards are being used more, shifting consumer attitudes about biometrics for payments and presenting a…

 

Google testing biometric voice payments via Assistant

Google has confirmed it is testing a new Assistant feature that authorizes transactions through Voice Match biometrics, writes Android Police….

 

HooYu facial biometrics and identity verification tools to boost onboarding for Equifax customers

Equifax has partnered with HooYu to expand the range of identity and fraud prevention tools it offers with the onboarding…

 

Biometric cash relief payments system in Pakistan shows positive results with $695M disbursed

Pakistan’s biometric COVID-19 benefits scheme, Ehsaas Emergency Cash, has disbursed 112 billion Pakistani Rupees (roughly US$695 million), The International News reports,…

 

PayMyTuition adds biometric facial recognition to secure international tuition payments

Global payment processing provider PayMyTuition, part of the MTFX Group of companies, has added biometric facial recognition technology to boost…

 

Venues see higher value transactions processed faster with biometric payments: webinar

A webinar on how biometrics can help sports arenas and other large events resume operation featuring Blink Identity Co-founder and…

 

Selfie biometrics and ID check offerings launched by banks in Russia, UK and Argentina

Biometric selfie authentication services have been launched by several banks around the world to support contactless transactions. Raiffeisenbank Russia has…

 

Experts say open banking requires more collaboration, government guidance

How to establish trust in digital ID in the absence of industry standards or protocols was discussed by attendees of…

 

Aadhaar biometrics not required for government aid but coming available for securities eKYC checks

Biometrics will not be required for government aid disbursement in Telangana, after the Indian state’s high court ruled that thousands…

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