finance

Biometrics and Tokenization Help Mastercard Go Signature-Free

Biometrics and Tokenization Help Mastercard Go Signature-Free

Mastercard is almost ready to leave signatures behind. The company has announced that after April of next year, no signatures will be required for any debit or credit purchase in the US or Canada. Receipt signatures are already well on their way out the door, of course. Recognizing that they’re pretty much useless as a…

UK Supermarket Trials Naked Payments System Based on Finger Vein Recognition

UK Supermarket Trials Naked Payments System Based on Finger Vein Recognition

UK supermarket Costcutter is trialing a naked payments system based on finger vein recognition at its Brunel University location in London. Called FingoPay, the system was first announced by its maker Sthaler in the summer of 2016. It uses Hitachi-developed infrared scanning to identify the unique vein patterns of users fingertips, allowing for a biometric…

Mitek Launches Mobile Biometric ID Verification System for Online Loan Applications

Mitek Launches Mobile Biometric ID Verification System for Online Loan Applications

At this week’s FinovateFall conference, Mitek has announced a new solution tailored for the fintech crowd. Called Mobile Verify for Lending, it’s a simple user verification system for online loan applications. When an applicant requests a loan from a desktop browser, they are then taken to their online banking service and asked to log in.…

Money20/20 Europe: Interview With Ricardo Navarro, CEO, TOC Biometrics [AUDIO]

Money20/20 Europe: Interview With Ricardo Navarro, CEO, TOC Biometrics [AUDIO]

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…

FindBiometrics Will Once Again Bring Biometrics to Money20/20 Europe

FindBiometrics Will Once Again Bring Biometrics to Money20/20 Europe

“…FindBiometrics President Peter O’Neill will host the track session “The power of choice: Why multimodal biometrics are taking over FinTech”, with big-name participants…” The organizers of Money20/20 Europe have announced the event’s agenda, and FindBiometrics will be right in the middle of the action. Like many successful endeavors, the event will start with a good…

NEC to Put Biometrics in Spotlight at Retail’s Big Show

NEC to Put Biometrics in Spotlight at Retail’s Big Show

NEC Corporation of America is going to have a strong presence at next week’s Retail’s Big Show, and biometric technologies will be prominent among its showcased solutions. One example is it’s “Kylie” system, a digital avatar that uses facial recognition to identify and greet known customers and to provide them with personalized marketing. The same…

Daon Wins NAFCU Services Innovation Award

Daon Wins NAFCU Services Innovation Award

The National Association of Federal Credit Unions has awarded Daon with the 2016 NAFCU Services Innovation Award. The honor was bestowed in recognition of Daon’s IdentityX platform, a multimodal biometric system that has offered particular benefits to the credit union industry, with deployments such as its highly successful integration into USAA’s mobile app. In a statement,…

Financial Institutions Are Investing in Tech Companies With an Eye for mPayments

Financial Institutions Are Investing in Tech Companies With an Eye for mPayments

Market research firm Technavio has named its top vendors in the area of mobile payment services. They are very big names: Amazon Payments, HP, IBM, MasterCard, Orcale, and PayPal. The analysis comes from Technavio’s report, Global IT Spending by Mobile Payment Service Providers Market 2015-2019, released last autumn. In a new statement announcing Technavio’s top vendors,…

NXP Tech Enables Access Control, mPayment Functionality for Nymi Band

NXP Tech Enables Access Control, mPayment Functionality for Nymi Band

Nymi has teamed up with NXP Semiconductors to show off the possibilities of its biometric wristband at this year’s RSA Conference. NXP is providing NFC and Secure Element components for the Nymi Band to allow for not only access control but mPayment functionality; moreover, access control applications range from physical access control like unlocking doors to…

Morpho to Produce Smart Payment Cards for Brazilian Banks

Morpho (Safran) has entered into a new partnership with Elo, a Brazilian payment card brand that works with Banco do Brasil, Bradesco, and CAIXA, three of the country’s major banks. The agreement will see Morpho do Brasil manufacture smart card modules for the company. Morpho has developed a custom smart card solution for Elo designed…

Apple Pay Still Finding Friction Down Under

Apple Pay Still Finding Friction Down Under

Apple is still locking horns with Australia’s major banks as the company negotiates to extend the presence of its mPayment platform in the country. Apple Pay recently launched in the country, but, as was in the case in its Canadian debut, it started with only American Express support. That’s because Amex issues its own cards…

EyeVerify to Showcase Eyeprint ID at FinovateEurope

EyeVerify to Showcase Eyeprint ID at FinovateEurope

EyeVerify has been invited to show off its flagship product at a major fintech conference early next year. The company will showcase its Eyeprint ID solution at FinovateEurope in London, an event running on February 9th and 10th. Eyeprint ID is EyeVerify’s eye vein biometric identification system. The company launched iOS and Android versions of…

New Mid-Range Galaxy Phones To Feature Fingerprints

New Mid-Range Galaxy Phones To Feature Fingerprints

Samsung has unveiled new versions of its mid-range flagship devices, the Galaxy A3, A5, and A7. And in so doing, the company may be hinting at a December launch date for Samsung Pay in China. First, the devices: All of the new Galaxy A devices will run on Android 5.1, and the A5 and A7…

Report: More mPayments for the Holidays

Report: More mPayments for the Holidays

This holiday season will see significantly more mPayment purchases, according to a new report from INSIDE Secure Research. The digital security solutions firm has conducted a survey of 1,217 American consumers, and found that of those respondents who had not made mobile purchases last year, 17 percent said they were planning to do so for their…

SayPay Makes Top 3 in UBS Future of Finance Challenge

SayPay Makes Top 3 in UBS Future of Finance Challenge

Silicon Valley voice biometrics developer SayPay Technologies has been named one of the top three startups of the UBS Future of Finance Challenge. The inaugural event kicked off the annual competition in Singapore at the start of this month, and saw 15 competitors drawn from a pool of 620 applicants. SayPay executives pitched their technology to…

Biometrics Could Bring ‘New Golden Age for Air Travel’: Tascent

Biometrics Could Bring ‘New Golden Age for Air Travel’: Tascent

Tascent, a biometrics developer based in Silicon Valley, has released a new white paper arguing for the implementation of biometric technologies in the air travel industry. Entitled “A New Golden Age for Air Travel”, the report suggests that biometric technologies can help to make air travel a more enjoyable and appealing experience for customers. It…

iWallet Moves to Upgrade Patent Portfolio

iWallet Moves to Upgrade Patent Portfolio

Secure luxury accessories developer iWallet has moved to upgrade its patent portfolio as part of a larger shift in its business strategy. The company has announced that it’s going to file a “Continuation-In-Part” (CIP) application that will expand the scope of its current IP holdings. According to iWallet, the move will essentially extend its current…

Money20/20: Settling The Spoofing Score

Money20/20: Settling The Spoofing Score

During yesterday’s FindBiometrics hosted panel at Money20/20, Biometric Identity & Its Applications in Financial Services & Payments, the conversation turned inevitably to the problem of spoofing on consumer biometric devices, namely, the iPhone. When the time came for the audience to ask their questions of the identity and finance experts on stage, immediately an attendee…

Lloyds Enables Apple Pay For Customers

Lloyds Enables Apple Pay For Customers

UK-based Lloyds Banking Group has finally enabled Apple Pay for its customers. That means Halifax, Lloyds Bank, and Bank of Scotland customers are now able to use Apple’s mPayment service via their iPhones and Apple Watches. It’s incremental progress for the mPayment service, which launched in the UK in mid-July and has since suffered from…

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