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 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…
“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…
“…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…
“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…
“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…
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…
“NuData is using its native understanding of EMV 3DS to reinvent security for merchants by building safer, smarter ways to verify online transactions.” -Ryan Wilk, VP of Customer Success, NuData NuData is highlighting how its behavioral biometrics technology can be used to boost transaction approvals through EMV 3DS, EMVCo’s “3-D Secure” specification for mobile- and…
The Next Step in FinTech The credit card is being reinvented, and plastic is going to make a comeback in the ongoing payments race. Thanks to the rise in mobile biometrics, FinTech has been an exciting space since the successful launch of Apple Pay in 2014. In fact, the most recent market research on the…
“This customer launch is yet another indication of the significant interest in biometrics in the smart cards for payments industry.” – Stan Swearingen, CEO, IDEX IDEX has announced that its fingerprint sensors are being used in another biometric cards project in the Middle East. The news arrives a couple of months after a similar announcement…
Diebold Nixdorf and Mastercard are deepening their partnership with the announcement of a new collaboration focused on the development of a new banking-as-a-service solution. At the project’s outset, its details are a bit vague. In a statement, the companies said they will offer “an industry-defining, managed solution” for banking and retail that will be based…
Mastercard is now in talks with banks in the UK over the launch of its biometric payment cards in the country, according to a CNBC report. The negotiations are not unexpected. Mastercard has been working with major players in the biometrics and smart cards industries to develop this technology for some time now, and one…
Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…
Biometric smart cards have been a hot topic in FinTech for over a year now, and at the center of that conversation is IDEX, a Norway-based biometric solutions provider focused exclusively in the smart cards vertical. FindBiometrics Managing Editor Peter Counter had the opportunity to speak with IDEX’s new CEO, Stan Swearingen, who was appointed…
Biometrics and other innovative methods of authentication will be a key topic at the July Member Meeting of the U.S. Payments Forum, a non-profit cross-industry alliance that encompasses the whole payments ecosystem. Organizers have announced the agenda for this year’s event, and it’s going to kick off with a plenary panel entitled, “Next Generation Consumer…
This year’s Money20/20 Europe is a wrap, and as always, the event offered a lot to take in. At its new home in the RAI in Amsterdam, Money20/20 Europe attracted more than 5,000 attendees from over 1,500 companies as well as major media attention, and covered innovations in a wide range of areas, from AI…
![INTERVIEW: Daon EMEA & APAC President Clive Bourke at Money20/20 Europe [AUDIO]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/M2020EU18-1-620x350.jpg)
As one of the earliest pioneers of consumer-facing mobile biometric authentication, Daon is now a widely established player in this growing part of FinTech. Its IdentityX platform, which offers a number of modalities for end user authentication including facial, fingerprint, and voice recognition, has been embraced by a range of financial services institutions including Mastercard,…
FindBiometrics is reporting live from Money20/20 Europe this week, and today biometrics hit the stage. As we’ve seen with other Money20/20 global events, biometrics are becoming a key component in the future of financial identity, and today Mastercard Chief Security Solutions Officer Ajay Bhalla offered insight into how biometric technology fits into his company’s initiatives to…
In cooperation with Mastercard, the National Bank of Kuwait will lead the first biometric payment card trial in the GCC, an economic bloc that also includes Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Oman. The news comes amid a flurry of activity concerning biometric payment card pilots in the region. In the middle…