• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

The Road To Biometrics UnPlugged – Commerce: The Primer

July 2, 2014

We are less than three months away from the second annual Biometrics UnPlugged event and, in preparation, findBIOMETRICS will be spending the whole summer building up to the gathering of identity industry trailblazers.

The topic for this year is Mobility at the Crossroads of Commerce and Privacy and as such, July will focus on the topic of  next generation commerce. Welcome to the Road to Biometrics UnPlugged 2014!

Thinking Post-PIN

Let’s start by reducing the topic of commerce and biometrics down to its most fundamental aspects. Strong authentication, in finance, inevitably boils down to fraud protection. Are people accessing accounts, making transactions or providing services who they say they are? A card number, a password or PIN and some biographical information are all that is needed to pretend to be someone else in the world of online shopping and banking. All it comes down to is “what you know” and occasionally “what you have.”

But that is all changing thanks to biometrics. By bringing an element of “who you are” into the financial world not only do online transactions become more accountable and secure, but there stands a potential to bring banking to the underserved billions of the world and provide enough trust for the financial industry to embrace a workable BYOD policy.

The articles listed here will give you an idea of what sort of biometric deployments we are seeing in finance, and some ways that strong authentication is changing the way we interact with money:

France Interbank Network Evaluating Biometric Payment Options

MasterCard Financial Inclusion Initiative Driven By mCommerce and Biometric Technology

Behavioral Biometric Solution Protects eCommerce Websites From Fraud

Cognitec Upgrades FaceVACS-Video Scan Biometric Video Screening Technology

DigitalPersona Fingerprint Biometrics to Be Deployed in China Fashion Retailer Locations

Fingerprint Biometrics Authorizing Physical Payment in Vietnam

Multi-Modal Money

In terms of the actual scanning of biological features, there doesn’t seem to be any biometric modality that can’t find its way into the realm of biometric payments, banking and general accountability. Again, when it comes down to the moment of authentication, the thing that really matters is that you are who you claim to be, not which body part you’d like to submit.

The following links will provide you with an idea of the wide variety of biometric solution types that have already found a home in the financial industry:

Eyeprints To Protect Mobile Banking Transactions

Palm Vein Payment Protection With PulseWallet

Lumidigm Wins another Brazilian Bank for ATM Fingerprint Access

Alternet and BIOMETRY Partner For Face and Voice Based mCommerce

Voice Biometric Credit Card Protection Added To U.S. Bank Mobile App Pilot

Money and Mobility

The effect that mobility is having on the strong authentication world can’t be understated (it’s the very basis for Biometrics UnPlugged), and that impact carries over prominently to financial markets.

The following articles will provide you with some highlights regarding the intersection of mobility, commerce and biometrics:

Mobility A Key Component in Retail Biometric Payments

Mobile Money Set To Change Marketing

PayPal Is First Global Payment Company To Support Galaxy S5 Biometrics

mCommerce Month – Week 1: The Primer

What We Talk About When We Talk About Biometrics and Finance

As usual, there really is nothing better to illustrate current ideas in a market than hearing from the people who live and breath it on a daily basis.

Here are some interviews and webinars that have their vital sensors on the pulse of biometrics and commerce:

Fulfilling The Mobile Promise – Interview With Brett Beranek, Solutions Marketing Manager, Enterprise Division at Nuance Communications

Webinar: The Password is Dead!

Interview with Cédric Hozanne, CEO, Natural Security

Interview: Julia Webb, VP Marketing, Voice Vault

*

Stick with findBIOMETRICS all summer as we, along with our sister site Mobile ID World, get ready to take the next big step in these discussions. Be sure to follow us on Twitter and get the conversation started in preparation for September by using the hashtag #Road2BUP.

—

July 2, 2014 – by Peter B. Counter

Primary Sidebar

Watch This Finance-Focused On-Demand Webinar

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Prove Logo

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with, and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. https://www.prove.com/

Recent Posts

  • Biometric Gun Safes Are Coming to More Schools – Identity News Digest
  • Register for ‘Strong Identity Starts With You’ – Our Next Virtual Identity Summit
  • The Junta Didn’t Pay Its Bills – Identity News Digest
  • Et Voila: New Privacy Laws Take Effect – Identity News Digest
  • Veridas Joins the Security Industry Association

Biometric Associations

IBIA and fido

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics