Shenzen Metro is trialing a new ticketing system that would allow passengers to pay their fare and board the subway with only a facial recognition scan. The system is built with 5G and AI technology from Huawei, and the trial is currently underway at the city’s Futian station. As South China Morning Post reports, participants…
Having demonstrated the utility of its biometric authentication technologies in heavy-duty industrial deployments, Invixium is now setting its sights on the academic market. In a new blog post, the company has outlined three key areas where its biometric access control solutions could prove highly beneficial. A fairly obvious one is in academic laboratory facilities. It’s…
Another partnership with a POS specialist is poised to extend NEXT Biometrics‘ presence in the Aadhaar market. The company has teamed up with New Delhi-based MobiOcean, which will integrate NEXT Biometrics’ fingerprint sensor technology into a POS solution designed to facilitate Aadhaar Enabled Payment System applications for merchants and government authorities. Aadhaar is India’s wide-ranging…
“The market for biometric technologies is expected to grow rapidly over the next few years and CLEAR is uniquely positioned to be the leader in using this technology to help consumers to access experiences beyond the airport more quickly and safely,” – Ted Leonsis, Co-founder and Partner, Revolution Growth CLEAR is planning for growth, with…
“…the timing of FIME’s accreditation also points clearly to the emergence of biometric payment cards, which Mastercard has been determinedly pushing toward a large-scale launch.” FIME, a firm that offers testing, certification, training, and consultancy services to the payments industry, has received accreditation from Mastercard to test fingerprint authentication solutions. In a statement announcing the…
“At KPRO, the system was installed in self-service kiosks, allowing customers to place their orders and pay via Smile to Pay’s facial recognition system, which links their faces to their Alipay accounts.” KFC has dramatically expanded its ‘Smile to Pay’ naked payments system in China, bringing it to 300 locations across the country. Yum China,…
In business, and perhaps especially in finance, timing is important. Borrowing at low rates, selling at high valuations, fundraising ahead of a market boom – success across a range of ventures depends so much upon acting when conditions are exactly right. For FinTech players involved in biometrics, that time is now, as our Financial Biometrics…
“This show of support from TYSSO is evidence of the value NEXT’s large-area fingerprint sensors are delivering to the market. We look forward to a long and successful relationship with the team at TYSSO.” – Ritu Favre, CEO, NEXT Biometrics Tysso, a Taiwan-based POS solutions provider, has placed an order for fingerprint sensors from NEXT Biometrics, the…
![[Money20/20] CLEAR’s CEO Talks Biometric Access Control and Naked Payments](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/CLEARing-620x350.jpg)
With biometric technology being a bigger topic than ever at this year’s Money20/20 Las Vegas, one of the most fascinating panel discussions was focused on one particular biometrics program, albeit a very ambitious one: CLEAR. It started out as a system aimed at using biometric identification to expedite airport screening for members, but has recently…
The enormous potential of CLEAR‘s biometric screening technology beyond airport security is becoming perfectly clear, if the enthusiasm of the company’s partners in Seattle is any indication. In a panel discussion moderated by FindBiometrics President Peter O’Neill on the opening day of Money20/20 Las Vegas, CLEAR CEO Caryn Seidman Becker explained the origins and trajectory…
Just in time for this year’s Money20/20 event in Las Vegas, Goode Intelligence has issued a new report on the growing prominence of biometric technology in payments, entitled, “Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition”. Much of the report’s analysis concerns the same trends outlined in FindBiometrics’…
This year’s Money20/20 is about to get underway, and FindBiometrics is planning to help deliver some big insights for attendees, with President and CEO Peter O’Neill to moderate two high-profile panels during the event. The first, entitled “AI & Biometrics Superheroes, Fighting Fraud Together“, will delve into the increasingly important role of artificial intelligence in…
When it comes to matters of money, security has long been the paramount concern. When bank customers call to access information or perform certain transactions, bank representatives have to ask for passcodes and biographical data; in a bank branch, customers have to enter PINs even when conducting business in person. When making payments, a signature…
Singapore-based naked payments pioneer Touché has teamed up with a Luxembourg-based blockchain platform to offer a simplified means of in-store purchases using cryptocurrency. The system is of course based on Touché’s biometric payments concept, which revolves around linking users’ fingerprints to their payment accounts to allow them to make purchases with a simple fingerprint scan — and…
“…the announcement arrives just a week after the news that CLEAR was opening a new office in Austin, Texas, and soon after the launch of a pioneering biometric payments system in Seattle that lets sports fans pay for snacks at concessions stands using a simple fingerprint scan.” With CLEAR now having established an extensive network…
“In announcing the development, Fujitsu emphasized its potential applications in event venues, which could use it for access control, and in physical stores, where the technology could be used to replace payment cards.” Fujitsu has combined its palm vein scanning technology with facial recognition in a new authentication solution concept. It’s a contactless, kiosk-type solution,…
CLEAR has followed through on its promise to bring biometric transactions to the sports stadium concession stand: Fans of the Seattle Sounders soccer team, the Seahawks football team, and the Mariners baseball team can now buy snacks and drinks just by performing a fingerprint scan. It’s probably the most high-profile US deployments yet of a…
” Unlike other nascent naked payments technologies aimed at directly linking consumers’ biometric data to their payment accounts, Hitachi’s system revolved around coupons, allowing participants to dispense with the actual paper, and helping merchants to ensure that coupon use is accurately tracked and accounted for.” Hitachi and Japanese telecom KDDI have conducted a trial of…
Fujitsu and Japanese credit card company AEON are poised to deliver Japan’s first real-world naked payments system. They’ll start in select Ministop convenience stores, where customers who enroll in the system will be able to use Fujitsu’s palm vein biometrics scanners to make purchases. Their palm vein biometrics will be directly linked to their payment…