FinTech

HID Approve Gets Face ID Support on iPhone X

HID Approve Gets Face ID Support on iPhone X

Apple iPhone X users will now have another meaning of “face time” with HID Global announcing Face ID support on its HID Approve two-factor mobile authentication and verification platform. The new facial recognition feature is a way for users to ensure more secure access, and avoid fraud, theft, cyber threats, or misuse. “With the growing…

Biometrics, AI to Have Big Year in FinTech: Unisys

Biometrics, AI to Have Big Year in FinTech: Unisys

Biometric and artificial intelligence technologies will have a big year in the financial services sector, and will help smaller banks to offer cutting-edge solutions to their customers, predicts Unisys. The company says that this is the year that “biometric authentication will go mainstream”, according to a statement announcing its predictions. And that mainstreaming process will…

HID Global Teams with R&D Lab to Develop Anti-Fraud Solutions for Financial Services

HID Global Teams with R&D Lab to Develop Anti-Fraud Solutions for Financial Services

HID Global has announced a new partnership aimed at developing anti-fraud technologies for the financial services sector. Its new partner, ThreatMark, bills itself as an R&D lab specializing in malware detection, artificial intelligence, and behavioral biometrics. The firm is based in the Czech Republic and has a London office as well. In a statement announcing…

INTERVIEW: Visa Canada’s Gord Jamieson on the Popularity of Financial Biometrics [AUDIO]

INTERVIEW: Visa Canada’s Gord Jamieson on the Popularity of Financial Biometrics [AUDIO]

Visa Canada recently made headlines by publishing survey results indicating that Canadians’ familiarity with biometric technologies is stoking greater enthusiasm for fingerprint authentication in payments scenarios. Commissioned by Visa, the survey was conducted by AYTM Market Research and provided insights into how Canadian adults feel about different biometric modalities. FindBiometrics President Peter O’Neill recently spoke…

VOXX International Corporation Appoints Subsidiary Company EyeLock’s New CEO

VOXX International Corporation Appoints Subsidiary Company EyeLock’s New CEO

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 Showcases Face-Based Naked Payments System at SFF 2017

UnionPay Showcases Face-Based Naked Payments System at SFF 2017

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…

New Biometric Banking Solution to Enter Pilot Trial in December

New Biometric Banking Solution to Enter Pilot Trial in December

A new biometric authentication solution for mobile banking applications is about get go into a pilot test. The solution, CardLok, comes from New York-based Ipsidy. It’s a multi-factor biometric authentication platform designed specifically for use by financial institutions. It’s going to be trialed this December by Miami-based Intercredit Bank, N.A., which will offer it to…

Smart Vending Machines to Incorporate EyeLock Iris Scanning Tech

Smart Vending Machines to Incorporate EyeLock Iris Scanning Tech

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…

FIDO-Based Biometrics Are Going To Make Shopping With Android Easier

FIDO-Based Biometrics Are Going To Make Shopping With Android Easier

With the help of FIDO Alliance standards, Google is about to make shopping a lot easier on Android smartphones. Taking to the stage at this week’s Money20/20 event in Las Vegas, Google Identity and Security Product Manager Christiaan Brand demoed how user information can automatically be filled in on mobile checkout forms, and purchases can then…

Money20/20: New Mastercard Shopping System Combines AR, Wearables and Biometrics

Money20/20: New Mastercard Shopping System Combines AR, Wearables and Biometrics

Together with Qualcomm Technologies and Osterhout Design Group (ODG), Mastercard has developed an augmented reality shopping systems for its Masterpass and Identity Check systems. The solution lets shoppers look at virtual items and information in real-world environments, and purchase them with biometric verification. As demonstrated at this week’s Money20/20 event in Las Vegas, the system operates…

FindBiometrics and Money20/20 Announce Premier Partnership

FindBiometrics and Money20/20 Announce Premier Partnership

FindBiometrics and Money20/20 have agreed to a Premier Biometrics Media Partnership in a critical and disruptive time for the financial and identity management industries. October 23, 2017 — FindBiometrics, the most trusted online voice in biometrics and identity management, and Money20/20, the host of the world’s largest global events enabling payments and financial services innovation,…

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…

INTERVIEW: Tracey Davies, Managing Director, Money20/20

INTERVIEW: Tracey Davies, Managing Director, Money20/20

Next week all eyes will be on Las Vegas for Money20/20, the biggest and most essential payments and FinTech industry event in the world. As usual, FindBiometrics will be there, reporting from the ground floor and sparking the financial biometrics discussion with our panel: Biometric FinTech in the Real World. FindBiometrics President Peter O’Neill recently had…

HSBC Embraces FacePhi Technology For Facial Recognition

HSBC Embraces FacePhi Technology For Facial Recognition

“In a statement announcing its partnership with HSBC, FacePhi emphasized that Euromoney magazine recently named HSBC the “World’s best bank”, suggesting that its embrace of biometric technology has helped to burnish its profile.” HSBC customers will soon be able to log in to their mobile apps via facial recognition, thanks to a new partnership with…

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…

Financial ID Briefing: Siri, Pay My Contacts

Financial ID Briefing: Siri, Pay My Contacts

The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Siri, Be My Financial Assistant Convenience is a fundamental adoption factor in biometric FinTech, and with advances in artificial intelligence and speech recognition, we are on the verge of a major…

Financial ID Briefing: The Terrible Fear of Banking Fraud

Financial ID Briefing: The Terrible Fear of Banking Fraud

The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Bank Fraud Versus Terrorism When It comes to collective nightmares shared by the American people, a new survey from FICO suggests that banking fraud and identity theft rank higher on the…

Financial ID Briefing: Biometrics Power Alibaba’s Cashless Cafe

Financial ID Briefing: Biometrics Power Alibaba’s Cashless Cafe

The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Biometrics Power Alibaba’s Cashless Cafe Facial recognition, QR codes, and mobile tech combined to transform the retail experience at an experimental cafe run by Alibaba at the Taobao Maker Festival. Alibaba’s…

Financial ID Briefing: Banking With A Selfie

Financial ID Briefing: Banking With A Selfie

The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Banking With a Selfie in Argentina ICBC, the largest bank in the world by asset volume, recently embraced facial recognition based security at its Argentinian subsidiary. The biometric security comes via…

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