A Nestle grocery store in Spain is partnering with CaixaBank to trial a new facial payment system in an attempt to speed up customer transactions ahead of the coming holiday shopping season. Payments are made using the Face to Pay Nestle Market app, where users are required to register their personal information along with credit…
Coinciding with the biggest conference event in the financial services industry – Money20/20 USA – October was Financial Biometrics Month at FindBiometrics. Financial services has become one of the most important verticals for biometric technology in recent years, and given the dynamism of this sector, it’s worth taking a close look at recent, ongoing, and…
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…
Biometrics News – Facial Recognition SnapPay is bringing face-based naked payments to North America. The Ontario startup currently allows North American retailers to accept Alipay and WeChat Pay, and is hoping to offer even greater utility with technology that allows shoppers to pay for their goods with a simple facial recognition scan. The company’s facial…
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…
Biometrics News – Multimodal Biometrics Muxi and Fortress Identity have teamed up to create a new naked payments solution that blends face and voice recognition technology. Dubbed muxiPAY, the platform identifies the customer with a facial recognition scan as they approach the checkout counter, and then asks them to say a passphrase out loud to…
“We’re excited to be working with the Mets, Aramark, and Mashgin to reimagine the concessions experience so fans get what they want quickly and easily and get back to their seats without missing any of the action on the field.” – Ed O’Brien, Head of Sports, CLEAR CLEAR has brought its biometric naked payments technology…
The Chinese city of Shenzhen is moving forward with plans for a naked payments scheme that will allow commuters to buy tickets with a facial recognition scan. The system is still in an early phase of deployment, and is currently available only to passengers over the age of 60. Those passengers are rewarded with free…
Amazon is reportedly experimenting with a hand-based biometric payments scheme that could be introduced at select Whole Foods locations as early as next year. The news comes courtesy of the New York Post, which cites sources working at Amazon’s New York City offices. According to those sources, the new solution (which has been codenamed Orville)…
Virginia Tech has become the latest academic institution to embrace biometric student identification in the cafeteria. Its new system is designed to link students’ fingerprint biometrics to their student accounts, deducting from their meal plans as they scan to enter the D-2 dining hall. In opting for the biometric technology, school administrators’ aim appears to…
All Work & Social, the operator of a co-working space in Manchester, England, has become the latest organization to embrace Fingopay‘s biometric payments platform. The partnership means that members of All Work & Social’s XYZ building in Spinningfields will be able to pay for food and beverages – the building features an in-house coffee bar…
Fingopay has partnered with Cardstream as it moves towards a global rollout of its naked payments platform. The alliance will give Fingopay access to all of the payment partners and applications that are connected to Cardstream’s Open Payment Network, which will allow it to expand rapidly as more retailers incorporate the technology. The global launch…
CLEAR, the expedited biometric screening program for airports and other large venues, has been named one of CNBC’s 2019 Disruptor 50 companies. In announcing the list, CNBC explained that it comprises private companies “whose innovations are changing the world and fueling a race between superpowers like the U.S. and China.” CLEAR came in at a…
Shenzen Metro is trialing a new ticketing system that would allow passengers to pay their fare and board the subway with only a facial recognition scan. The system is built with 5G and AI technology from Huawei, and the trial is currently underway at the city’s Futian station. As South China Morning Post reports, participants…
Another partnership with a POS specialist is poised to extend NEXT Biometrics‘ presence in the Aadhaar market. The company has teamed up with New Delhi-based MobiOcean, which will integrate NEXT Biometrics’ fingerprint sensor technology into a POS solution designed to facilitate Aadhaar Enabled Payment System applications for merchants and government authorities. Aadhaar is India’s wide-ranging…
“The market for biometric technologies is expected to grow rapidly over the next few years and CLEAR is uniquely positioned to be the leader in using this technology to help consumers to access experiences beyond the airport more quickly and safely,” – Ted Leonsis, Co-founder and Partner, Revolution Growth CLEAR is planning for growth, with…
“We are excited to be working with an industry leader such as Dankort, and extending the reach of finger vein technology in payments. The Nordic region is leading the charge towards a cashless future and is very receptive to innovative ideas. We have been working closely with the Nets Smart Payment team along with Dankort…
“At KPRO, the system was installed in self-service kiosks, allowing customers to place their orders and pay via Smile to Pay’s facial recognition system, which links their faces to their Alipay accounts.” KFC has dramatically expanded its ‘Smile to Pay’ naked payments system in China, bringing it to 300 locations across the country. Yum China,…
In business, and perhaps especially in finance, timing is important. Borrowing at low rates, selling at high valuations, fundraising ahead of a market boom – success across a range of ventures depends so much upon acting when conditions are exactly right. For FinTech players involved in biometrics, that time is now, as our Financial Biometrics…