Money20/20 Europe kicked-off this morning in Copenhagen with keynotes from major names in global FinTech discussion how the industry is dealing with unprecedented innovation in connectivity, mobility, and commerce. Among the tech celebrities to take the stage was Jack Dorsey, CEO and founder of Square (who also happens to be the CEO of social media…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. Fingerprint Scanning Payment Cards Get Commercialized Smart cards continue to be the latest battleground for the fingerprint sensor integration wars, and payment applications are the popular use case fueling the fire.…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID and finance. It is powered by FindBiometrics and Money20/20. LG Pay Launches in South Korea After years of speculation and waiting, a new mobile payments platform entered the pay-with-your phone market in South Korea last week. LG Pay, the long-rumored…
“The developments tie in well with a recent market forecast from Goode Intelligence, which predicted that while mobile devices will continue to lead the charge with respect to biometric authentication, wearable biometric authentication devices will pick up steam over the next few years and make up a growing proportion of the combined market…” There has been…
“…the code appears in the wake of the Hands Free pilot program, which Google recently shut down. That system used facial recognition, along with Bluetooth and Wi-Fi signals, to verify Android Pay payments.” Facial recognition may be coming to Android Pay, though with limited applications, according to a new report from 9to5Google. The speculation is…
New survey data suggests a growing appetite for biometric authentication in banking and payments. The data comes by way of EyeVerify and its recent online poll of 1,002 American adults, published in a new report entitled The Retail Banking Biometrics Confidence Report. Seventy-nine percent of respondents said they wanted to be able to use biometric…
Samsung won’t use facial recognition to confirm Samsung Pay payments anytime soon, reports The Korea Herald. While Samsung’s newest flagship smartphones, the Samsung Galaxy S8 and S8+, use the technology together with iris scanning for device unlocking, a source from within the company reportedly told the newspaper that the facial recognition technology will not be…
“The technology was trialed in South Africa in collaboration with Barclays Africa subsidiary Absa Bank, and supermarket chain Pick n Pay.” Mastercard has completed successful trials of its new biometric, contactless payment card and has more planned as it seeks to bring it to market. The announcement comes in the wake of Zwipe’s first public…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID and finance. It is powered by FindBiometrics and Money20/20. Samsung Pay Launches in UAE Samsung Pay has come to the United Arab Emirates. Initially arriving via an early access program, Mastercard quickly announced its support for Samsung’s contactless mobile wallet in the…
Samsung Pay is coming to the United Arab Emirates, announcing an “early access” program for the country. With Samsung having recently completed an “early access” program for India, this appears to be Samsung’s new way of announcing the coming arrival of its mobile payment platform for a given market. In India’s case, the early access…
“In a statement announcing the demo, FPC called it a ‘perfect solution for contactless payment cards that are quickly becoming popular with consumers around the world, in addition to ID and access cards’.” Fingerprint Cards has developed a demo smart card to show off its FPC1300 series of fingerprint sensors launched toward the end of last year.…
Mobile biometric technology is more than just unlocking your smartphone with your fingerprint, face, or iris. Many of the same innovations that have made biometrics flexible and affordable enough to integrate into consumer-facing hardware have also allowed for strong biometric identity to become a more prominent aspect of vertical markets on a global scale. This week,…
“The platform arrives in the country at an awkward time. IDFC Bank has just launched its Aadhaar Pay mobile app, allowing merchants to accept payments on their smartphones without the need for customers to use their own smartphone or even a payment card.” Samsung has officially launched its mPayment platform in India. The development arrives…
Taiwan’s financial regulator, the Financial Supervisory Commission, has granted approval to seven major banks to offer Apple Pay – Apple’s biometrically secured mobile wallet – to their customers, paving the way for the service to launch in the state. The banks concerned are Union Bank of Taiwan, First Commercial Bank, CTBC Bank, Taishin International Bank,…
“According to the report, 43 percent of the consumers analyzed in the study “expressed interest in biometrics and other forms of authentication” to improve digital payments security, and 51 percent of those conversations were driven by advancements in facial and fingerprint recognition.” Together with PRIME Research and Synthesio, Mastercard has been listening in on some…
Japan-based naked payments pioneer Liquid Inc. is bringing its fingerprint-based payments service in Indonesia. As Bangkok Post reports, the platform arrives via a partnership with domestic conglomerate Salim Group, which runs businesses ranging convenience stores to car dealerships. They’re going to start registering users’ fingerprints immediately, with plans to install fingerprint readers in Salim stores…
ING Direct and Macquarie are embracing Apple Pay in Australia, with the financial services organizations joining ANZ Bank in supporting the digital payment platform while the country’s major banks continue to resist its emergence. The firms evidently see an opportunity to get a competitive edge in the Australian market. As Reuters reports, each organization holds only…
Aadhaar Pay is starting to take shape and could launch imminently. The idea was announced by Indian authorities late last year as the government ramped up efforts to transform India into a cashless society. Aadhaar Pay is a kind of hybrid between mobile payments and naked payments: Customers need only to pay with biometric scans,…
A wide swath of Alipay users now have access to Eyeprint ID security, and the company behind the system, EyeVerify, is celebrating the deployment in a new blog post outlining the system’s advantages. An obvious one is ease of use, particularly given that Alipay already employed a facial recognition authentication system using a mobile interface…
In December we polled 165 professionals in biometrics and identity related industries about various topics from the past year. It was part of the FindBiometrics Year in Review, the longest-running and best regarded industry retrospective of its kind. Now in its 14th consecutive year, the FindBiometrics Year in Review is your resource to start 2017…
The Unique Identification Authority of India is working with banks in the country to establish incentive programs to get shopkeepers in rural areas to start accepting Aadhaar-enabled payments, reports Deccan Herald. Aadhaar is, of course, the country’s national biometric ID system, which is expanding to more and more applications, with the vast majority of the country’s…
Singapore-based FinTech firm Touche has launched a new payments platform that lets merchants accept fingerprint scans as a payment option, reports Channel NewsAsia. The system links participating customers’ fingerprints to their credit cards, allowing them to forego use of the cards themselves after registering. It just launched in Singapore with its first customer, a restaurant…
Indian citizens will soon be able to pay for goods and services using only their fingerprints. Elaborating on a program initially announced earlier this month, the country’s Minister of Information Technology (and Law and Justice), Ravi Shankar Prasad, has announced that the government is stepping up efforts to promote payments via Aadhaar, the country’s national…
Mobility and finance have long been major areas of excitement, innovation, and adoption in biometrics, and that trend held strong in 2016. From the get go, this year has seen substantial momentum in both areas of biometric application, and for good reason: mobility, biometrics, and financial services are positively linked. As innovations in mobility allow…
The Unique Identification Authority of India, or UIDAI, is getting ready to enable mobile payment transactions based on Aadhaar, the country’s national biometric ID program. Following a recent ministerial meeting on how to facilitate the Prime Minister’s Office’s promotion of digital payments, the UIDAI has announced that it will release an Android app this month…
Banco Santander has now enabled Apple Pay support in Spain. In so doing, it holds claim to being the first Spanish financial institution to offer Apple’s mPayment platform. It actually enabled Apple Pay in the UK last year, and offered support to rival mPayment platform Android Pay toward the end of this past summer. It…
Financial Biometrics Month 2016 has come to an end at FindBiometrics. All November long we shone a spotlight on the exciting, dynamic and always evolving world of biometric FinTech. Weekly featured content, industry news coverage, and an expert webinar panel all helped paint a picture of the current state of biometrics-enabled commerce and shed some…
Apple Pay’s base of support in Russia has dramatically expanded today, letting more Russians order products and services through their iPhones and verifying them with secure Touch ID fingerprint recognition. While the mPayment platform launched in the country almost a month ago, it was supported at launch only by Sberbank and Mastercard. Now, as MacRumors…
Biometrics and Identity at Money 20/20 – Pt. 2 “The tremendous reception for FindBiometrics and Mobile ID World’s third annual biometrics panel at the world’s hottest FinTech show cements our position at the center of the financial biometrics and identity communities,” – Peter O’Neill, President, FindBiometrics and Mobile ID World On Monday at Money20/20 in Las…
Samsung is extending the reach of its mobile payment service online and in real life. Looking to the latter, the company says it will launch Samsung Pay in Malaysia, Russia, and Thailand by the end of the year. Apple Pay launched in Russia earlier this month, but Samsung Pay could leapfrog ahead by debuting in Malaysia…
This week FindBiometrics is in Las Vegas for Money20/20 2016 where biometrics are bigger than ever before. For three consecutive years we have hosted panel discussions at the major FinTech event, watching the audience steadily grow along with the number of biometrics vendors on the exhibition floor. On Monday, FindBiometrics president Peter O’Neill once again took…
The FIDO Alliance is working with EMVCo to develop a new authentication specification specifically for mobile payments, the organizations have announced at Money20/20 in Las Vegas. The standard will be designed to apply to mobile wallets and mobile payment platforms like Apple Pay and Android Pay, and it’s going to be developed as an extension…
The Money20/20 conference kicks off today in Las Vegas, with digital security and biometric solutions in particular expected to once again be hot topics. Digital security companies are planning some big showings, of course. STC Group, represented in the US by SpeechPro, will show off its OnePass multimodal authentication system and its VoiceKey voice recognition…
Last week at FindBiometrics fingerprint biometric upgrades and integrations took the spotlight while FinTech, contactless modalities, and healthcare biometrics rounded out the industry news coverage. Here is a look back on last week’s top stories in global identity management: Samsung Samsung Electronics was named among the world’s best brands last week as the clock ticked…
“The brands are helping to popularize … with Touch ID fingerprint scans still required on paired devices for payment authentication.” Some big names are adding support for Apple Pay on the web, reports AppleInsider. Customers of office supplies retailer Staples will soon be able to make online orders via Apple Pay on the Safari browser. Meanwhile,…
Canadian financial services institution Desjardins Group has announced its support for Apple Pay. In a statement announcing its support for Apple’s mobile payment platform, the bank placed a particular emphasis on its security, noting that customers’ “actual card numbers are not stored on the device, nor on Apple servers,” but are instead encrypted into a…
“…the new version of the app will also support fingerprint scanning for login on both Android and iOS.” South Africa’s First National Bank is delving into mobile payments with a new version of its app. Taking its cue from the most prominent mPayment platforms, like Apple Pay and Samsung Pay, the bank has dubbed this new…
Apple Pay has launched in Russia. The mobile payment service makes its debut in the country with the support of Mastercard and domestic bank Sberbank. Retailers onboard to accept Apple Pay include Media Markt, BP, and Atak supermarkets, with Burger King promising coming support. It’s a bit of a get for Apple in a country…
Last week at FindBiometrics we brought Law Enforcement Biometrics Month to a close while announcing the next big biometrics industry webinar, co-hosted by Samsung SDS America and our sister site Mobile ID World. Meanwhile, the industry news had us talking about under-glass fingerprints sensors, biometrics powered payments, and the newly announced candidate in exclusive talks…
Authorities in Japan have set a launch date for trials of their biometric payments system. It will go live in certain areas starting October 1st. The concept first came to light this past spring with reports that the Japanese government, together with Dai Nippon Printing and Deloitte Tohmatsu Consulting, was exploring technology that would allow…
A major social welfare program in Pakistan is shifting to biometric payments for its subsidies. The board of the Benazir Income Support Programme (BISP) decided this week that it will shift all modes of payments to a concept based on biometric authentication in a project starting immediately. The Express Tribune cites an unnamed BISP official as…
In a new market report, Deloitte is heralding the rise of ‘touch commerce’ – digital payment systems that let customers conduct transactions through their mobile devices’ fingerprint scanners. The financial consulting firm predicts that this year alone, the number of consumers regularly performing such transactions will reach 50 million, an increase of 150 percent. That’s because…
Despite its massive recall, Samsung’s Galaxy Note7 smartphone could help to pioneer the next wave in mobile biometrics—iris scanning. That’s a potential implication of a new forecast from ABI Research. Citing the high-profile Note7, the firm predicts that in 2o21, the number of smartphones shipping with iris scanning technology will come to nearly 300 million.…
True to Apple’s promises, its mPayment platform is starting to emerge on the web. BigCommerce just recently announced its support, and, as AppleInsider reports, other online merchant networks—Shopify and Stripe—have also got on board. Website building platform Squarespace has also announced web support for its hosted merchants, and home decor site Wayfair is also accepting…
“It’s a concept similar to a fingerprint scan-based system currently being explored by the Japanese government that would allow tourists to make biometric payments during the Tokyo 2020 Olympics…” One of Japan’s biggest banks, Sumitomo Mitsui Financial Group, or SMFG, is exploring the use of facial recognition as a substitute for payment cards, reports The Yomiuri…
Last week at FindBiometrics we reported on the latest iris and fingerprint biometrics news coming out of the mobile sphere while civil ID and healthcare had us talking about the vertical markets. Here is a look back on last week’s top stories in global identity management: Iris Recognition Samsung clarified details about the iris scanner…
“Apple Pay by now has a huge roster of backing financial institutions around the world, but this kind of promotional support is rare.” The Bank of East Asia, Hong Kong’s biggest independent bank, is now supporting Apple Pay. And it’s going a step further, with special offers encouraging users to try out the service. BEA…
The Japanese startup developing the biometric payment technology to be used during the 2020 Olympics in Tokyo is hoping to reach a much broader market. Called Liquid Inc., the company is working on a system that would link a user’s payment account information directly to her fingerprint, thereby allowing her to confirm a purchase with…
Last week at FindBiometrics we featured an interview with Opus Research lead analyst and founder Dan Miller while voice and speech biometrics, forensics, payments tech, and more filled out the industry news headlines. Here is a look back on last week’s top stories in global identity management: What’s Next For Voice and Speech Recognition Opus…