FindBiometrics
Global Identity Management
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 […]
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 […]
Everyone wants to keep their money secure, and everyone wants easy access to it. That in itself has long been a bit of a dilemma, and it has only intensified with the digital revolution that has converted physical money into ones and zeros around the world. So it’s no wonder that biometric technologies, with their […]
NEC has landed a contract to update Oman’s public transportation network with an Automated Fare Collection System (AFCS) and other smart technology. The use of AFCS tech will allow Omani riders to make contactless fare payments through a new mobile app, and will make transit more efficient for the country’s 20,000 daily commuters. Meanwhile, NEC’s […]
The Apple Pay network continues to expand. The tech giant has announced that its biometrically secured mobile wallet platform is now available in Iceland, launching with support from the Icelandic banks Arion Banki and Landsbankinn. More banks are expected to add support for the platform in the not-too-distant future. To use Apple Pay, Arion Banki […]
“A titanium physical card will also be available for shopping in stores, but the card won’t feature a card number, CVV, signature, or even an expiry date – all of that information will need to be accessed from the iPhone.” The rumors were true: Among its other announcements this week, Apple has unveiled a new […]
Romania is getting its first biometric payment system thanks to a new partnership between Wirecard and Oney Bank. The two organizations will collaborate on Well.com, a mobile app that will allow customers to use their fingerprints or a QR code to authorize payments in Auchan Retail stores throughout the country. “Payment methods are continuously improving […]
“The French launch of Google Pay also comes after a major extension of its support in the US, with Google announcing in late summer that 111 additional banks and credit unions were supporting the platform.” Google’s mobile payments platform has finally arrived in France, long after its major rivals. Six banks and credit card companies – Boon, […]
When it comes to matters of money, security has long been the paramount concern. When bank customers call to access information or perform certain transactions, bank representatives have to ask for passcodes and biographical data; in a bank branch, customers have to enter PINs even when conducting business in person. When making payments, a signature […]
Samsung Pay has now reached South Africa, the company has announced. Samsung’s mobile payments platform arrives in the country with the support of domestic banks Absa and Standard Bank, as well as Visa and Mastercard. Other partners for the launch include Virgin Money, British Airways, and the Avios airfare rewards program. In a post on […]
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