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.

 

Trust in biometric security for financial data online is growing in U.S., Canada, Fico survey says

While trust in physical and behavioral biometrics to secure financial accounts is growing, numerous Americans and Canadians still do not…

 

Redrock Biometrics palm print and vein recognition to support transit access and payments

Palm print and vein biometrics from Redrock Biometrics have been selected by barcode technology provider FalconPro Technology to co-develop a…

 

Transparency lacking in biometric onboarding for facial recognition payments in China: case study

While China is making the transition to mobile facial recognition payments at physical stores, a case study by Nielsen Norman…

 

Biometrics companies seek position as contactless payments market growth accelerates

Zwipe CEO André Løvestam discussed how recent developments, including the global push to raise transaction limits, have affected the march…

 

Biometric crypto smartcard wallet launches crowdfunding campaign

The secured smartcard-shaped crypto hardware wallet HASHWallet with fingerprint biometrics has launched a crowdfunding campaign on Indiegogo, eSignus announced. The…

 

UK pushes back strong authentication for payments deadline and European industry requests extension

UK merchants have been given a little longer to implement biometrics and other authentication factors, as the strong customer authentication…

 

New remote financial services with selfie biometrics and ID checks launched for EMEA, UK, Baltic clients

Fenergo has fast-tracked the launch of a cloud-based Remote Account Opening (RAO) solution in the EMEA region to help banks…

 

Biometric verification failing for some government crisis grant recipients in India and Pakistan

Postal workers in the Hisar region of India’s Haryana State have delivered 19.4 million Rupees (roughly US$260,000) directly to recipients…

 

Device-based biometrics for immunity passports in the dock, while payment card market revs

Immunity passports are a hot topic in the global identity industry this week, and fingerprints, both in terms of payment…

 

UK government guidelines for digital ID lauded by Yoti as eKYC guidelines for Arab region launched

The Good Practice Guide 45 (GPG45) update released by UK Government Digital Services at the end of 2019, and its…

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