One of South Africa’s biggest banks has developed a biometric ATM that will allow users to open an account using a fingerprint scan. In announcing the development, First National Bank said it had been trialing the ATM in the province of Gauteng since November of last year, and that it will deploy 50 more units…
“Organizers have also hinted at some of the major topics of Money20/20 Asia, including alternative lending, ‘augmented intelligence technology’, and tokenization in payments.” Just a month and a half ahead of the inaugural Money20/20 Asia event, organizers have announced some details including a roster of high-profile keynote speakers. Among them are some heavy-hitters: HSBC CIO…
VOXX International Corporation announced that Jeff Carter, formerly Chief Technology Officer of EyeLock, LLC , the Company’s majority owned subsidiary, has been appointed as Chief Executive Officer of EyeLock, effective immediately. EyeLock looks forward to working with Carter, seeing potential in the new CEO, “Jeff has been central to the development of EyeLock’s intellectual property,…
UnionPay, China’s major financial services organization, unveiled multiple new technologies for commerce at this month’s Singapore FinTech Festival (SFF), including a naked payments system based on facial recognition. Called FacePay, the system links a user’s face biometrics to their payment accounts, allowing them to make purchases just by presenting their face to a compatible POS…
EyeLock’s iris recognition technology will be integrated into a high-tech vending machine thanks to a new partnership with ViaTouch Media. The latter’s ‘Vicki’ vending machine will be unveiled to partners and potential investors at a private event this Thursday, and will subsequently be showcased at January’s Consumer Electronics Show. The machine uses an interface similar…
Jumio‘s Trusted Identity as a Service platform, Netverify, will be used to verify users of Plynk, a new peer-to-peer money transfer mobile app based in Europe. Netverify uses a combination of document reading and facial recognition via mobile device cameras in order to verify the identities of end users; it also recently acquired an eye…
“…a student could walk into a cafeteria, choose a lunch meal, and pay by tapping a Touché screen, with no need for connected devices or payment cards.” Starting next year, students at schools in Singapore will be able to buy lunch and other goods using just their fingerprints, thanks to a biometric payments system announced by…
It’s now a more-or-less normal thing to be able to buy something by holding your phone near a payment terminal and scanning your finger to confirm the transaction – not yet commonplace, but certainly not unheard of. That’s thanks in large part to the pioneering efforts of Apple, which kickstarted the mobile biometrics revolution with…
“…Siri represents a useful technological tool to enhance the bank’s appeal to customers who have iPhones and iPads.” Barclays has become the first bank in the world to let customers make payments by asking Siri, Apple’s voice-controlled AI assistant. The functionality comes via the Barclays Mobile Banking app, which allows users to say commands like,…
Students at numerous public schools in Pennsylvania will soon be scanning their fingers to get their cafeteria lunches. The technology comes by way of IdentiMetrics, which will provide fingerprint recognition technology to the Hazelton Area School District, reports the Standard Speaker. The contract, valued at $8,887, was approved by the school board last week, with…
Americans anticipate an increasingly digital future of payments, and sizeable proportions of the population are open to the idea of biometric payment verification, suggest the findings of a new survey by B2B invoicing specialist Viewpost. The survey found that 51 percent of respondents already reported being paid for work electronically, with 83 percent anticipating that…
Like last year’s inaugural event, this year’s Money20/20 Europe conference and exhibition featured a wide range of exciting FinTech. Also like last year’s event, biometric technology proved to be extremely prominent. As commerce increasingly goes digital, biometric authentication has proven to be an effective and even necessary security measure, helping to ensure that customers are…
Today was the final day of Money20/20 Europe, during which the leading minds in biometrics and FinTech took the stage to discuss multimodal biometrics in the world of modern day commerce. Peter O’Neill, president of FindBiometrics, moderated The power of choice: Why multimodal biometrics are taking over consumer facing FinTech – a dynamic discussion about…
![Money20/20 Europe: Interview With Ricardo Navarro, CEO, TOC Biometrics [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/stage-1-620x350.png)
Money20/20 Europe is wrapping up today in Copenhagen, and FindBiometrics is there reporting live from the exhibition floor. Earlier today, FindBiometrcs president Peter O’Neill caught up with Ricardo Navarro, CEO, TOC Biometrics for a brief interview. The conversation starts on the topic of TOC’s development of facial recognition technology supported by deep learning, the latter…
We are reporting live from Copenhagen at Money20/20 Europe this week, where the biometrics industry has converged to help usher in the future of identity in FinTech. Biometric Payment Cards As expected, biometric payment cards are taking up a big share of the security spotlight at Money20/20 Europe, with OT-Morpho and IDEX both making conference…
![Money20/20 Europe: Hemant Mardia, CEO of IDEX, Talks Biometric Payment Cards [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/Peter-and-Hemant-620x350.png)
FindBiometrics is in Copenhagen for Money20/20 Europe, where the leading minds in FinTech are networking with executives from the biometrics industry helping transform commerce. Today, FindBiometrics President Peter O’Neill caught up with Dr. Hemant Mardia, CEO of IDEX, to talk about biometric payment cards and fingerprint sensor technology. Listen to our exclusive Money20/20 Europe interview with Dr.…
Next week is Money20/20 Europe, with the best and brightest minds in FinTech set to convene in Copenhagen to show off their wares and spread industry thought leadership. A lot of different kinds of technologies with financial services applications will be on display, but as with last year’s event, biometric technology is likely to be…
The Money20/20 Europe conference is moving to Amsterdam next year, organizers have announced. The move is primarily aimed at accommodating growth. Money20/20 Europe launched last year in Copenhagen, bringing almost 4,000 visitors to the Bella Center, and organizers appear to be expecting an even bigger number for this year’s event. Amsterdam’s RAI venue offers a…
Google Wallet is finally going to get support for fingerprint scanning in a new update. As Android Police notes in its breakdown of code in Google’s new Android application package for developers, the fingerprint scanning feature will arrive along with a change to the PIN system currently in place: At the moment, the Google Wallet…