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Eyeprint ID Could Expand ‘Dramatically’ Across Alipay Base: EyeVerify

January 25, 2017

A wide swath of Alipay users now have access to Eyeprint ID security, and the company behind the system, EyeVerify, is celebrating the deployment in a new blog post outlining the system’s advantages.Eyeprint ID Could Expand 'Dramatically' Across Alipay Base: EyeVerify

An obvious one is ease of use, particularly given that Alipay already employed a facial recognition authentication system using a mobile interface similar to that of Eyeprint ID, which scans vascular patterns in the user’s eyes. EyeVerify says the added layer of authentication helped to build the system’s security, with Eyeprint ID offering an accuracy rate of 99.998 percent – the same as that of the iPhone’s Touch ID fingerprint scanning system, the company says.

And, as with so many other biometric authentication systems, this has all led to some considerable savings for Alipay. EyeVerify says the mPayment platform “has seen an enormous reduction in the volume of SMS help messages… and calls to their call center” after taking advantage of biometric authentication, and Eyeprint ID is now playing a role in that effort.

EyeVerify was acquired by Alipay operator Ant Financial last autumn, with the rollout of its authentication platform to Alipay customers having kicked off that April. Going forward, EyeVerify says it “could be extended dramatically” to much more of Alipay’s base of hundreds of millions of users.

–

January 25, 2017 – by Alex Perala

Related News

  • EyeVerify Reaffirms BioConnect Partnership In Wake Of Ant Financial AcquisitionEyeVerify Reaffirms BioConnect Partnership In Wake Of Ant Financial Acquisition
  • EyeVerify Scaling Up After Ant Financial AcquisitionEyeVerify Scaling Up After Ant Financial Acquisition
  • EyeVerify Pivots to Asia, Rebrands as ‘Zoloz’EyeVerify Pivots to Asia, Rebrands as ‘Zoloz’
  • Eyeprint ID Arrives in Europe Via Yapi KrediEyeprint ID Arrives in Europe Via Yapi Kredi
  • EyeVerify Update Improves Liveness DetectionEyeVerify Update Improves Liveness Detection
  • News Roundup: Background Checks and Major AcquisitionsNews Roundup: Background Checks and Major Acquisitions

Filed Under: News Tagged With: AliPay, Ant Financial, biometrics, Eyeprint ID, EyeVerify, Financial, Mobility, payments, Vascular biometrics, vein recognition

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