“… a simple face scan will allow the system to retrieve the necessary billing information for a given transaction, and to process it, bypassing the need for the customer to present a physical payment card or any other hardware.” Denmark is once again the site of a pioneering trial of a biometric payments system, this…
Fingerprint Cards has a new partner in its efforts to target the emerging biometric payment cards market: the company has announced a new partnership with Valid that will see the latter take advantage of FPC’s T-Shape fingerprint sensor module for smart card applications. Valid originally started up in Brazil over half a century ago as…
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…
IriTech is highlighting the utility of the IriKey wallet for people who need to secure and transfer high-value financial assets. In a new statement, the company specifically mentions online gambling, cryptocurrency, and overseas remittances, presenting the IriKey as a more secure alternative to conventional financial platforms. The IriKey itself is a hardware wallet with…
This week’s roundup of FindBiometrics’ most popular articles finds one standout topic in the form of a company: Aware, Inc. Aware is, of course, a leading provider of biometric authentication solutions, including its mobile-focused Knomi SDK package. The company has lately seen some important changes to its executive team, including the appointment of a new…
RCBC Bankard is deploying Verint’s voice biometrics technology to safeguard its call center operations. RCBC Bankard is the credit card division of the Rizal Commercial Banking Corporation (RCBC) in the Philippines; the deal itself came about through a partnership with Inspiro Relia. Once a customer has been enrolled, Verint’s voice biometrics technology uses unique vocal…
Barclays has released an updated version of its biometric finger vein scanner. The new Barclays Biometric Reader is built with Hitachi’s VeinID technology, and has been fully integrated into the bank’s iPortal digital banking system for Barclays’ corporate clients. Like its predecessor, the new BBR eliminates the need for a password during the authentication process,…
“FacePhi has indicated that Banesco Panamá will integrate [SelphID] technology into its mobile app and desktop site, allowing customers to open new accounts from the comfort of their personal devices.” FacePhi has solidified its position in the Panama market and in the Latin American region more broadly through a new contract with Banesco Panamá. The…
All eyes are on Las Vegas this week as the biometrics and identity industries converge on Money20/20 USA, the world’s premier financial services and FinTech conference. The financial vertical has long been the front line for the rapid evolution of biometrics, and every year Money20/20 serves as the gathering place where identity industry professionals show…
![Money20/20: FacePhi CEO Javier Mira Talks Biometric ATMs and Passive Liveness Detection [Audio Interview]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/M2020-2019-Javier-Mira-Stage-480x350.jpg)
FindBiometrics is reporting live from Las Vegas this week, where the biometrics and digital identity industries are converging on Money20/20 USA – the world’s preeminent financial services conference. On Tuesday, FindBiometrics President Peter O’Neill spoke with Javier Mira, the CEO of biometric authentication specialist FacePhi. The live interview begins with a discussion of Mira’s conversation…
“…just as younger consumers tend to show a higher preference for mobile banking, those in the 18-34 age range tend to prefer using the biometric authentication capabilities of those devices, whereas older survey respondents showed more of a preference for security questions.” Customers are increasingly accessing financial services on mobile devices, and providers need to…
FindBiometrics is reporting live from Las Vegas this week, where the biometrics and digital identity industries are converging on Money20/20 USA – the world’s preeminent financial services conference. On Monday, FindBiometrics VP of Digital Content Susan Stover caught up with Husayn Kassai, CEO and Co-founder, Onfido. The live interview begins on the topic of Onfido’s…
Money20/20 USA runs October 27-30, 2019, in Las Vegas. FindBiometrics is reporting live from Money20/20 USA this week, conducting audio interviews with identity experts at the world’s leading FinTech conference and bringing you all the breaking financial biometrics news announced in Las Vegas. As part of our premier biometrics media partnership with Money20/20, FindBiometrics is…
Biometrics News – Fingerprint Recognition Fingerprint Cards has placed one of its sensors in a new payment device from JCB. The device will support “personal authentication applications” in addition to contactless payments. The presence of an FPC sensor suggests that people will be able to use the device itself to add an extra layer of…
This week’s roundup of FindBiometrics’ most popular articles once again offers a varied assortment of topics, sectors, and technologies. First up is IDEX Biometrics’ news that it is preparing to fulfill a multi-year, multimillion-dollar order of its dual-interface fingerprint sensor technology. The company has been strongly focused on the emerging area of biometric payment cards…
Biometric selfie-based authentication has emerged in recent years as one of the most buzzy trends in FinTech, and as one of its most prominent pioneers, FacePhi has been riding the crest of that wave. The company made a name for itself with its Selphi authentication solution, which has caught on among a number of banks,…
Cash is getting scarce. It wasn’t so long ago that most transactions done in stores involved hard currency, but over time, dollars and bills have been increasingly displaced by debit and credit cards. Convenience is a big part of the reason, especially in countries where NFC-enabled POS terminals allow consumers to pay just by tapping…
Onfido’s document analysts have put together the company’s inaugural Global Fraud Index, which estimates that online identity fraud costs the economy a whopping $5 trillion every single year. Only one percent of that $5 trillion is ever recovered by authorities, making identity fraud one of the most pressing issues facing the financial industry. “Identity theft…
NICE Actimize has added three more companies to its rapidly accelerating X-Sight Marketplace. The Marketplace was first unveiled back in July, and provides financial institutions with a roster of approved technology solutions that will reduce the threat of financial crime. After NICE Actimize’s latest announcement, that roster now includes Kingland, Daon, and Au10Tix. Au10Tix is…