Mastercard Identity Check Authentication Service Now Available to Federal Bank Customers in India

Posted on December 24, 2019

Mastercard has announced a partnership with Federal Bank that will see its Mastercard Identity Check (MIC) platform become available for its customers throughout India. The EMV 3-D Secure MIC platform allows for biometric identification, giving card-holders the added security of two-factor authentication, which Mastercard says decreases instances of online shopping cart abandonment and reduces cases…

Mastercard Uses Biometrics and AI to Fight Healthcare Fraud

Posted on October 28, 2019

Biometrics News – Healthcare Biometrics Mastercard has released a collection of security and anti-fraud products designed specifically for healthcare organizations. The portfolio has been dubbed Mastercard Healthcare Solutions, and includes technology that will cover everything from new customer enrollment to final payment schedules. To that end, the platform leverages biometrics and behavioral analytics to verify…

NatWest Starts Biometric Credit Card Trials in UK

Posted on October 7, 2019

“The biometric credit card trial will see payment cards issued to 150 participants, with spending limits for contactless transactions set to £100…” NatWest has started trialing biometric credit cards in the UK, the major bank has announced. The move follows a trial of biometric debit cards conducted earlier this year. As in that pilot program,…

India, Aware, and More in This Week’s Top Biometrics Stories Roundup

Posted on September 29, 2019

The biometrics industry spans across a wide range of technologies and sectors, and this week’s roundup of FindBiometrics’ top news stories runs the gamut. First up is news about an extra-early round of funding for India-based digital identity startup Syntizen Technologies. The company didn’t disclose how much money it brought in through the funding round,…

Syntizen Receives Pre-Series A Funding from Mastercard to Drive Global Expansion

Posted on September 20, 2019

The digital identity startup Syntizen Technologies has completed a successful Pre-Series A funding round, receiving an undisclosed amount of money from Mastercard and ACPL, a biometric solutions provider. Syntizen is based in Hyderabad, India, and plans to use the funds to improve its products and fuel its domestic and global expansion. “Mastercard’s investment is…

Precise Biometrics Q2 Update Sheds Light on Smart Card Plans

Posted on August 16, 2019

“As previously communicated, we are expecting modest initial volumes of biometric smart cards to be delivered at the end of 2019, followed by larger volumes in 2020.” – Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics has issued its latest quarterly results, depicting a dip in revenues but continuing progress in the company’s three key…

Computop Provides Strong Biometric Authentication for Online Retailers

Posted on August 2, 2019

Computop has released a new biometric authentication platform that will allow online retailers to provide two-factor authentication and streamline the payments process on mobile devices. Computop is a payment processing company, while the Biometrics by Computop platform is compliant with the latest PSD2 standards. According to Computop, the new platform will allow online retailers to…

iBeta Testing Lab Gets Mastercard Accreditation

Posted on July 30, 2019

The iBeta Quality Assurance lab can officially add another certificate to its wall. The biometric testing facility has now been accredited by Mastercard, becoming a certified provider of Mastercard’s Formal Approval Services as of June. iBeta is one of the world’s leading biometric testing facilities, and is equipped to test face, palm, voice, and fingerprint…

NXP’s Biometric Cards Module Gets CAST Certification

Posted on July 23, 2019

NXP has become the first player in the emerging biometric payment cards market to reach an important milestone, announcing that its Secure Processing Module for fingerprint-on-card technology has become the first such solution to attain certification through Mastercard’s Compliance Assessment and Security Testing, or CAST, program. A Secure and Efficient Solution NXP says its module…

Money20/20 Europe: Catching Up with IDEX Biometrics [AUDIO]

IDEX Biometrics has long been a major name in the fingerprint sensor market, and in recent years has focused intensely on refining its technology for the emerging biometric payment cards market in particular. So it’s no surprise to see the company in attendance at this year’s Money20/20 Europe event in Amsterdam, where FindBiometrics Director of…

On-Device Biometrics Month: The Roundup

Posted on May 30, 2019

There was a time – and it wasn’t so long ago – when biometric authentication was an extremely niche area of technological research and security. Indeed, until recently, the idea of scanning a fingerprint or face or eye for identification was often placed in the realm of science fiction, so far as pop culture has…

IDEX Provides Fingerprint Sensors for Biometric Card Trial in Mexico

Posted on May 9, 2019

IDEX Biometrics will play an integral role in a new biometric card trial from MasterCard and Edenred Mexico. Launched in conjunction with the Mexican state of Sonora, the new pilot program will use biometric fingerprint-scanning cards to distribute state benefits as part of an ongoing effort to give more people secure access to banking services.…

MasterCard Lays Out a Consumer-Friendly Set of Principles for Digital Identity

Posted on April 3, 2019

MasterCard has published a new paper in an effort to build a more consumer-friendly understanding of digital identity. Restoring Trust in a Digital World argues that digital autonomy is a fundamental human right, and seeks to give people more control over their identities based on a set of principles that prioritizes transparency, security, privacy, inclusion,…

Veridium Selected for Mastercard’s Startup Accelerator Program

Posted on April 2, 2019

Veridium has become the latest biometrics specialist to join Mastercard Start Path, the financial services giant’s startup accelerator program. It’s an impressive feat. Only about 40 startups are admitted to the program each year, and Veridium says it was part of an applicant pool of almost 2,000. Criteria for selection include demonstrated commercial traction, seed…

Major Italian Bank to Trial Gemalto’s Biometric Mastercard

Posted on December 19, 2018

“Participating Intesa Sanpaolo customers will be able to make secure contactless payments with their biometric Mastercards just by holding a registered fingerprint over the sensor as they tap to pay…” Gemalto has officially announced the first Italian trial of its biometric payment card technology. It’s a collaboration with Mastercard and domestic bank Intesa Sanpaolo. It…

FIME Gets Mastercard Accreditation for Biometrics Testing

Posted on November 19, 2018

“…the timing of FIME’s accreditation also points clearly to the emergence of biometric payment cards, which Mastercard has been determinedly pushing toward a large-scale launch.” FIME, a firm that offers testing, certification, training, and consultancy services to the payments industry, has received accreditation from Mastercard to test fingerprint authentication solutions. In a statement announcing the…

IDEX On Track for Q4 Pilots, 2019 ‘Volume Deliveries’ in Q3 Update

Posted on November 8, 2018

“In a statement announcing the results, IDEX emphasized its “significant progress in commercializing biometric smart cards in the third quarter,” noting that it had started shipping for its first order of biometric payment card sensors received in September…” IDEX Biometrics has issued its Q3 update for 2018, in which the company is once again emphasizing…

IDEX Biometrics Gets First Order for Biometric Card Tech

“We are incredibly proud to have reached this very important milestone with our strategic partner. The order marks the start of the industrialization phase for biometric cards, and is the result of years of dedication and hard work and is validation of IDEX’s leadership position in this very innovative market.” -Stan Swearingen, CEO, IDEX Biometrics…

INTERVIEW: Conor White, President – Americas, Daon

Posted on August 16, 2018

When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…