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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.

 

Payment platform Wero continues European expansion

Wero, the app that hopes to become the unified payment solution for Europe, has announced another expansion, this time in…

 

Wallets, mDL, biometrics combine to offer a new paradigm for ID and payments

As the name of the Secure Technology Alliance’s (STA) Identity and Payments Summit suggests, identity and payments are still mostly…

 

Visa advocates for ‘transformational power’ of digital identity and payments

Visa has set out its stall as it “stands ready” to partner and work with governments at any stage of…

 

Expert body set up to drive Nigeria’s financial inclusion amid digital trade gains

Nigeria is banking on financial inclusion as one of the avenues to usher in a stronger digital economy for the…

 

Mastercard and Feedzai partner in fraud prevention

Mastercard is partnering with Feedzai to make it easier for more banks to identify and stop scams. Scams cost more…

 

PopID, BigBear.ai bring face biometrics to US payments partners

A pair of partnerships in America bring face biometrics from PopID and BigBear.ai to point-of-sale devices, while implementations in South…

 

Idex biometric payment cards advance with 10K Visa order, Kona’s Mastercard approval

Idex Biometrics has received a production order of 10,000 units for its biometric payment card solution. The company which placed…

 

Fayda digital ID requirement for banking deferred for Ethiopians abroad

Ethiopian citizens living abroad have been granted a two-year waiver from a decision by the government for everyone to compulsorily…

 

Palm vein biometrics ‘crucial’ to J.P. Morgan’s biometrics strategy, payments head says

Jean-Marc Thienpont, global head of omnichannel and biometrics for J.P. Morgan Payments, referred to palm-based biometrics as a “crucial component”…

 

Trust Stamp, Digital Platformers partner on decentralized biometric authentication

Trust Stamp has established a strategic partnership with Tokyo-headquartered Digital Platformer Corporation, which will see Trust Stamp’s biometric identity verification…

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