Biometrics News – Facial Recognition The fashion brand Ruti is looking to expand with $6 million in Series A funding. While some of the money will be used to open new retail locations and improve its online storefront, some of it will be used to develop a proprietary facial recognition platform that will offer a…
Biometrics News – Facial Recognition “VSBLTY is an important piece of our strategy as retailers increasingly rely on in-store video analytics to not only understand and directly support the shopper journey but also to provide another layer of context-based security and loss prevention.” – Amin Shahidi, Head of Strategy, Sensormatic Solutions Facial recognition specialist VSBLTY…
A new LexisNexis Risk Solutions report on the retail market has concluded that fraud is getting worse, with fraud attempts tripling since 2017. The True Cost of Fraud report examined online and brick-and-mortar sellers, and concluded that merchants paid $3.13 for every dollar lost to fraud, a number that is up 6.5 percent from last…
“Our retail accounts look to Aluratek to bring them innovative products rooted in cutting edge technology and design. We are pleased to launch our relationship in Best Buy and look forward to expanding BIO-key’s retail footprint over the remainder of 2018.” – John Wolikow, CEO, Aluratek BIO-key International announced today its latest partnership aimed at…
Diebold Nixdorf and Mastercard are deepening their partnership with the announcement of a new collaboration focused on the development of a new banking-as-a-service solution. At the project’s outset, its details are a bit vague. In a statement, the companies said they will offer “an industry-defining, managed solution” for banking and retail that will be based…
SensibleVision has become the latest pioneer on the frontier of face-based payments for retail. The company has announced a new solution called 3DWALLET, which monitors shoppers in a given store via facial recognition, and charges them for whatever they take out, with no need to line up and pay at a register. It’s a similar…
Los Angeles-based FaceFirst has launched a new facial recognition solution for security surveillance aimed at the retail market. Dubbed “Sentinel-IQ”, the platform is designed to identify known shoplifters and criminals, and to send an alert to administrators the moment such individuals are detected by the surveillance system. And it’s available in multiple deployment configurations including…
The National Retail Federation and other major merchant associations have teamed up to form a new coalition aimed at improving payment security in the US. Other new members of the coalition include the National Association of Convenience Stores, the National Grocers Association, the Food Marketing Institute, First Data’s Star Network, and the Shazam network. Called…
“There is no separate checkout; taking the product is the transaction.” FinTech solutions provider Wirecard is betting on biometric retail in the age of the Internet of Things. The company has launched what it calls a new “IoT shelf” that is essentially a combined product display and biometric Point of Sale terminal. The idea is…
Cali Group brings naked payments to hamburgers with the announcement of a face-based payment pilot program at CaliBurger, its operating subsidiary and proof of concept Quick Serve Restaurant in Pasadena, California. The customer will be able to pay for their burgers, shakes, or fries without swiping a credit card, and their face will be used…
Two major supermarket chains in the UK are getting ready to trial facial recognition at self-service checkouts in order to do away with manual identity checks for purchases of alcohol and cigarettes. The development represents perhaps the first major real-world test of Yoti, a digital identity app announced just last week. The app is designed…
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…
UK supermarket Costcutter is trialing a naked payments system based on finger vein recognition at its Brunel University location in London. Called FingoPay, the system was first announced by its maker Sthaler in the summer of 2016. It uses Hitachi-developed infrared scanning to identify the unique vein patterns of users fingertips, allowing for a biometric…
HP has announced a new POS terminal that supports biometric security via Windows Hello. It’s called the ElitePOS. It’s a fast POS terminal, with its Windows 10 operating system and 7th generation Intel Core processors. It’s also sleek, sporting an unobtrusive but clear touch display that should help to facilitate convenient transactions. For certain merchants,…
A UK-based online retailer of health foods has adapted biometric time and attendance tracking from Bodet. Called Buy Whole Foods Online, the company was founded in a garden shed in 2007 and has seen significant growth over the years, with a staff that now totals 46. Until recently, the company relied on traditional time sheets…
No biometric data was compromised in the recent hack attack against smart vending machine provider Avanti Markets, the company says. The company suffered the security breach over the July 4th long weekend, and was quick to inform customers that payment card information and biometric data from some Avanti Markets kiosks may have been stolen. In…
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…
HYPR Corp. has been named a “Cool Vendor” by Gartner, the company has announced. More specifically, the company was among those lauded in Gartner’s new report, “Cool Vendors in Transforming Multichannel to Unified Retail Commerce, 2017”. The plaudit comes soon after HYPR received FIDO certification for the server component of its security platform, which supports numerous…
NEC Corporation of America is bringing new biometric capabilities to its UNIVERGE Communications platforms, the company has announced. One of those capabilities is dubbed NeoFace Welcome, a virtual receptionist system that uses NEC’s top-ranking facial recognition technology to identify individuals and give them personalized greetings and messages. It can also provide targeting marketing media based on…