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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.

 

Quantum authentication firm Wultra raises $3M

Quantum authentication technology is drawing the interest of European investors. Banking security vendor Wultra has raised 3 million euros (US$3.1…

 

ConnectID, Visa, ID.me illustrate central place digital ID plays in digital economy

Convenience is king, even in identity verification. Customers want to be able to prove their identity without constantly submitting the…

 

New Visa certification, Japanese distributor for biometric payment cards

The SECORA Pay Bio payment card solution from Fingerprint Cards and Infineon has been certified by Visa, and Infineon has…

 

UK sets timeline for stricter corporate IDV, AML controls

Businesses in the UK have until the end of 2026 to comply with new identity verification requirements for directors and…

 

Car dealerships rev up digital ID verification to counter rise in identity fraud

Whether it’s a fake credit history, a phony license or a test driver with a stolen identity who makes tracks…

 

Socure: 40M Americans committed first-party fraud over the holiday season

A digital identity verification company claims one in eight Americans committed first-party fraud over the 2024 holiday shopping season. This…

 

Jumio, Innovatrics, Vouched and Regula advance identity verification use cases

Whether it’s in gaming, home stays or automotive sales, the need to establish trust is crucial. Effective digital identity verification…

 

Women in Identity prepares ID Code of Conduct phase 3, on costs of ID exclusion

Identity and ID documents aren’t the same thing – but, in administrative terms, they might as well be. Without identification,…

 

Russia’s banks work to boost Unified Biometric System

Russia’s largest bank Sberbank and the National Payment Card System (NSPK), operator of the Mir payment system, plan to combine…

 

ASEAN countries discuss digital fraud prevention in Bangkok

Countries within the Association of Southeast Asian Nations (ASEAN) have signed a declaration pledging to boost collaboration on preventing online…

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