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…
“This show of support from TYSSO is evidence of the value NEXT’s large-area fingerprint sensors are delivering to the market. We look forward to a long and successful relationship with the team at TYSSO.” – Ritu Favre, CEO, NEXT Biometrics Tysso, a Taiwan-based POS solutions provider, has placed an order for fingerprint sensors from NEXT Biometrics, the…
![[Money20/20] CLEAR’s CEO Talks Biometric Access Control and Naked Payments](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/CLEARing-620x350.jpg)
With biometric technology being a bigger topic than ever at this year’s Money20/20 Las Vegas, one of the most fascinating panel discussions was focused on one particular biometrics program, albeit a very ambitious one: CLEAR. It started out as a system aimed at using biometric identification to expedite airport screening for members, but has recently…
The enormous potential of CLEAR‘s biometric screening technology beyond airport security is becoming perfectly clear, if the enthusiasm of the company’s partners in Seattle is any indication. In a panel discussion moderated by FindBiometrics President Peter O’Neill on the opening day of Money20/20 Las Vegas, CLEAR CEO Caryn Seidman Becker explained the origins and trajectory…
If there’s one exciting trend in payments right now, it’s the rise of biometrics, and so it was no surprise to see “Digital Identity & Biometrics” emerge as one of the four central themes of the opening day of this year’s Money20/20 event in Las Vegas. And an expert panel comprising representatives of some of…
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…
Singapore-based naked payments pioneer Touché has teamed up with a Luxembourg-based blockchain platform to offer a simplified means of in-store purchases using cryptocurrency. The system is of course based on Touché’s biometric payments concept, which revolves around linking users’ fingerprints to their payment accounts to allow them to make purchases with a simple fingerprint scan — and…
Money and security have always gone hand-in-hand — the more you have of the former, the more you need the latter. That’s part of the reason that biometrics has become such a hot topic in the world of financial technology in recent years. As financial services increasingly go digital, and money goes virtual, there’s a…
“…the announcement arrives just a week after the news that CLEAR was opening a new office in Austin, Texas, and soon after the launch of a pioneering biometric payments system in Seattle that lets sports fans pay for snacks at concessions stands using a simple fingerprint scan.” With CLEAR now having established an extensive network…
“In announcing the development, Fujitsu emphasized its potential applications in event venues, which could use it for access control, and in physical stores, where the technology could be used to replace payment cards.” Fujitsu has combined its palm vein scanning technology with facial recognition in a new authentication solution concept. It’s a contactless, kiosk-type solution,…
“Fujitsu says the the JRA will implement the machines at the Tokyo Racecourse on September 22nd, with plans to later expand the biometric terminals to racecourses in Chukyo, Hanshin, and Fukushima, as well as off-course betting facilities.” Fujitsu has found a rather novel application of its palm vein recognition technology: It’s going to be used…
Chinese e-commerce firm JD.com has opened a fully automated retail store in Indonesia, with biometric technology playing a key role. As Tech in Asia reports, the store is “unmanned”. Its products are equipped with RFID tags, allowing them to be tracked when customers pick them up and head toward the exit. There, POS terminals use…
CLEAR has followed through on its promise to bring biometric transactions to the sports stadium concession stand: Fans of the Seattle Sounders soccer team, the Seahawks football team, and the Mariners baseball team can now buy snacks and drinks just by performing a fingerprint scan. It’s probably the most high-profile US deployments yet of a…