New Zealanders are really interested in biometric authentication for payments, suggests new research commissioned by Visa. A survey of 500 Kiwi adults conducted by AYTM last October found 88 percent of respondents expressing interest in the technology, most often citing its convenience over password-based authentication as the key to its appeal. The survey also found…
“Shipping samples of our biometric module for smart cards marks another step forward for NEXT in this rapidly growing market segment and highlights the strong support among customers for our fingerprint sensor technology.” – Ritu Favre, CEO, NEXT Biometrics NEXT Biometrics has begun sampling of its contact-based biometric smart card modules, the company has announced.…
“FPC Embedded Business Line SVP Niklas Strid framed the collaboration as part of Fingerprint Cards’ larger effort to expand beyond the mobile biometrics market, where FPC has attained a leading position over the last few years…” Fingerprint Cards technology is going to be used in a forthcoming authentication key device called JEM, the company has…
Gemalto is going to provide biometric payment cards for the Bank of Cyprus, the company has announced. The payment cards will feature embedded fingerprint sensors, and will support chip-based and contactless payments. Bank of Cyprus customers will be able to enroll their biometrics for their new payment cards at bank branches, and will thereafter be…
In less than five years consumers have gone from no-bio to full-bio when it comes to ways to pay for goods and services. The advent of the mobile wallet, signaled by the launch of Apple Pay in 2014, introduced average users to the secure and convenient concept of biometrics payments, and since then the options…
After the mobile wallet boom, it looked like biometrics were going to kill the credit card via the mobile wallet. By collecting all of a user’s accounts into a single device, protecting the data with biometrics, and adding the contactless convenience of NFC or MST technology – the latter which enabled tap-style convenience even on…
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. Read about their Premier Biometrics Media Partnership. Biometric Conversation @ Money20/20 Biometrics have had a growing presence at Money20/20 since its inception five years ago, and FindBiometrics played a major role…
Japan-based Liquid, Inc. is getting ready for a full-scale launch of its pioneering naked payments system, officially dubbed “Touch & Pay”. The system is designed to let consumers link their payment account information directly to their fingerprints, allowing them make purchases just by tapping their fingers, with no need for physical payment cards or even…
Apple has created quite a stir with its unveiling of the iPhone X, and not least because of its Face ID facial recognition system. Together with Apple’s framing of the issue, and the media response it has provoked, casual observers might be led to believe it’s a revolutionary new technology. But facial recognition in general…
The new facial recognition system on Apple’s iPhone X is generating a lot of buzz, but a sizeable proportion of iOS users are skeptical about whether they would actually use it, according to new survey findings from Juniper Research’s new report, “Consumer Attitudes to Mobile Banking & Contactless Payments”. Polling a thousand smartphone users evenly…
“…one immediate and tangible result of the partnership will be Infinitium’s adoption of biometric authentication into its products and services.” Korea-based mobile biometrics specialist Raonsecure has entered into a new partnership with Infinitium, a Malaysia-based electronic payments solutions provider focused on the APAC region. The companies will seek to combine their technologies and expertise to…
Alipay’s facial recognition payment system, Smile to Pay, is seeing its first extension beyond the smartphone in a new restaurant in Hangzhou, China. Called KPRO by KFC, it’s a kind of technologically advanced, upscale version of one of the fast food chain’s restaurants. An open kitchen serving freshly squeezed fruit juice and panini is complemented…
It’s now a more-or-less normal thing to be able to buy something by holding your phone near a payment terminal and scanning your finger to confirm the transaction – not yet commonplace, but certainly not unheard of. That’s thanks in large part to the pioneering efforts of Apple, which kickstarted the mobile biometrics revolution with…
Students at numerous public schools in Pennsylvania will soon be scanning their fingers to get their cafeteria lunches. The technology comes by way of IdentiMetrics, which will provide fingerprint recognition technology to the Hazelton Area School District, reports the Standard Speaker. The contract, valued at $8,887, was approved by the school board last week, with…
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…