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.

 

Indian publication alleges biometric data from doorstep banking may be vulnerable

Allegations that India’s doorstep banking system is leading to predatory lending, and potentially exposing biometric data to unscrupulous companies in…

 

Preciate plans biometric retail payments expansion after pandemic delay

From the ambitions of a startup based in Israel to a partnership for smartphone-based biometric payments in Russia, retail payment…

 

Biometric ATMs and remote payment systems expanding around the world

Biometric banking and financial services of various kinds are making headlines around the world, with legal and regulatory changes in…

 

BNP Paribas to begin issuing biometric payment cards to all customers within 6 months

Biometric payment cards companies are starting out 2021 with a bang, as the first general roll-out of cards with integrated…

 

PayByFace CEO discusses biometric payments, privacy and expansion plans

PayByFace has spent the past year significantly ramping up its biometric payments for in-store purchases, raising the profile of its…

 

Identity fraud is rising – here’s what you need to know

By Gus Tomlinson, General Manager at GBG Every day, whether they know it or not, consumers are relying on identity-based…

 

Idemia biometric card secure chip certified for ICCN security, Zwipe signs worldwide distribution deal

A new milestone on the path towards next-generation biometric cards has been achieved by Idemia and Zwipe, the companies say, with…

 

Role of digital ID heightened in many sectors, Economist panelists say

Thought leaders from the private- and public sector convened on December 8 and 9 for a two-day Economist event sponsored…

 

Idex Biometrics CEO update emphasizes spiking contactless payments demand in US

Idex Biometrics is well-positioned to capitalize on spiking demand for contactless payments, CEO Vince Graziani writes in his bi-annual update. Multiple…

 

2.5M biometric payment cards in 2021 could be first step for future ‘de facto payment type’

There could be 2.5 million biometric payment cards issued in 2021, ABI Research forecasts, in the first step towards becoming…

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