FindBiometrics
Global Identity Management
A nonprofit digital wallet organization has become the latest to take advantage of 3D face authentication software from FaceTec. The organization, called GoodDollar, is developing a blockchain-based digital currency with the aim of supporting a global Universal Basic Income. It’s an ambitious aim, and what’s more, the organization is evidently working to make this UBI […]
Jodie Kelly, the CEO of the Electronic Transactions Association (ETA), went before the House Financial Services Task Force on Financial Technology last week to testify about the way the modern payments industry has helped the United States government deliver stimulus money to people during the COVID-19 pandemic. Due to various physical distancing and lockdown measure […]
A new report from Juniper Research suggests that biometric technology will revolutionize the mobile payments industry over the next few years. The firm predicts that consumers will use biometric authentication to conduct $2.5 trillion in payment transactions on mobile devices by 2024. That number represents a massive 1,000 percent increase over the comparable $228 billion […]
Apple Watch and iPhone users can now use Apple Pay Express Transit to pay for buses, trams, and the Underground in London. The feature allows the city’s commuters to purchase transit fare without Touch ID or Face ID authentication (or a double click of the Apple Watch), thereby allowing them to pass through turnstiles and […]
Onfido is teaming up with Civic to provide secure customer onboarding for the latter’s upcoming cryptocurrency wallet. The blockchain-based Civic Wallet will allow users to store and trade cryptocurrencies without sharing any superfluous personal information, providing account access through a private key that will be stored on the user’s mobile device. Onfido will make it […]
The Apple Pay network continues to expand. The tech giant has announced that its biometrically secured mobile wallet platform is now available in Iceland, launching with support from the Icelandic banks Arion Banki and Landsbankinn. More banks are expected to add support for the platform in the not-too-distant future. To use Apple Pay, Arion Banki […]
“The French launch of Google Pay also comes after a major extension of its support in the US, with Google announcing in late summer that 111 additional banks and credit unions were supporting the platform.” Google’s mobile payments platform has finally arrived in France, long after its major rivals. Six banks and credit card companies – Boon, […]
“…49 percent of respondents in Fiserv’s surveys said they would feel secure with biometric authentication in financial services.” Consumers are increasingly open to the idea of receiving financial services from tech companies, suggests new research from Fiserv, Inc. The findings come by way of Fiserv’s newly published “Expectations & Experiences: Channels and New Entrants” study, […]
“It can also be programmed to unlock based on the correct sequence of fingerprint scans, essentially turning the digits of a user’s hand into the digits of a biometric PIN.” Ahead of this year’s Money20/20 Las Vegas event, newcomer ITBiometrics has been admitted into the event’s Startup Academy. The company offers a cryptocurrency wallet boasting […]
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