Biometric Security Gains Popularity, But Is Far from Foolproof
Bank Innovation
NOVEMBER 10, 2016
Whenever cybersecurity is discussed, the topic of biometric authentication rises Read More.
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Bank Innovation
NOVEMBER 10, 2016
Whenever cybersecurity is discussed, the topic of biometric authentication rises Read More.
ATM Marketplace
DECEMBER 28, 2021
2021 was no exception as bloggers covered topics ranging from Bitcoin ATMs to skimmers to biometrics. Every year we at ATM Marketplace get qualified blogs from thought leaders in the ATM and financial technology industries.
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Bobsguide
JULY 4, 2017
With more than 70 sessions across five tracks, industry leaders and senior figures from around the world came together to discuss the emerging trends in payments and the future of banking, biometrics and more.
PYMNTS
MARCH 27, 2020
Who we are, where we’re headed and what this all looks like on the “other side” of the pandemic are topics on everyone’s mind right now. There are, of course, a number of approaches in triangulating IDs and authentication, using mobile devices, using unique biometric identifiers, even using digital documents. So are vaccines.
ATM Marketplace
NOVEMBER 17, 2020
Face recognition topic is actively discussed at business conferences and in specialized media resources, but the number of projects implemented around the world remains negligible. The study examines the main factors hindering the process of introducing biometric technology.
PYMNTS
MARCH 17, 2020
The conversation came against a backdrop where Australia’s Digital Transformation Agency (DTA) has been readying a biometric component for digital identities that, according to reports, will be ready for public testing by mid-year. ” The paper/biometric passports can co-exist with digital ones.
PYMNTS
JUNE 13, 2019
In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Mastercard biometric card manages to clear that bar.
PYMNTS
APRIL 30, 2019
The biometrics backlash has already begun. States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. Identity and age verification — in real time — are among the hottest topics in global eCommerce.
PYMNTS
FEBRUARY 6, 2019
However, along with the promise of blockchain and biometrics working together toward that goal, there remain significant challenges, as well as the eventual need to gain general regulatory understanding and buy-in for more use of blockchain in the healthcare system. So have biometrics. Now, it’s a hot topic. Healthcare Friction.
Cisco
OCTOBER 27, 2017
Biometric identification. These were all the big topics discussed this week at Money20/20 in Las Vegas and innovation was everywhere, but what was very apparent was that the innovation is occurring at a faster and faster pace. Artificial Intelligence. Blockchains. Regulation. Intuitive design. Globalization.
ATM Marketplace
FEBRUARY 19, 2019
Face recognition topic is actively discussed at business conferences and in specialized media resources, but the number of projects implemented around the world remains negligible. The study examines the main factors hindering the process of introducing biometric technology.
PYMNTS
NOVEMBER 27, 2020
This process requires consumers to provide not only their usernames and passwords to access services but also an additional form of verification, such as a biometric identifier or a code that can be emailed to them or sent via text message.”.
FICO
DECEMBER 13, 2022
Biometric Security Crucial for Fraud Protection and CX. Customers Prefer Biometric Security. One logical solution for FIs is to leverage biometric authentication above verification using personal information to help strike a balance between ease of use and security. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford.
PYMNTS
JULY 18, 2018
per call, netting major losses as the number of fraudulent calls piled up, according to a recent review of the topic from PYMNTS, which released a Call Center Commerce Tracker report earlier this month. Biometric Promise. However, biometrics might provide banks another way to secure themselves and still keep up with PSD2.
PYMNTS
OCTOBER 25, 2016
If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He said that biometrics could have the potential to remove the need for usernames and passwords, much the way EMV is intended to eliminate the need for cardholders to enter debit card PINs.
PYMNTS
SEPTEMBER 6, 2019
Coverage includes a story about how bamboo straws signal a new phase in global commerce, a new mobile payment network and Amazon’s latest push into biometrics, among many other topics and original PYMNTS research. Can Amazon Give Biometric Payments A Hand — In The Store? Why Invisible Will Make 2020’s Payments Innovation Roar.
ATM Marketplace
MARCH 25, 2016
Topics will include effective omnichannel strategies; cardless and contactless ATM technology; biometric authentication; driving ATM profitability; and insights into the future of ATMs.
Celent Banking
JULY 6, 2016
That’s why I am excited to see more institutions migrate to biometric forms of authentication. Dan Latimore blogged about the rapid increase in the number of US financial institutions employing biometrics within their mobile apps here. I have so many to manage, I use Trend Micro’s Password Manager to ease the pain.
PYMNTS
SEPTEMBER 18, 2017
In our latest Topic TBD, Jumio CEO Steve Stuut says it’s all about finding a digital identity anchor that will help reduce the risk of those decisions. . As Topic TBD host Karen Webster posited to Stuut, the breach may be to authentication what Target’s own data theft woes were to EMV: the catalyst for immediate change.
PYMNTS
JULY 18, 2017
The future of the payments industry is highly dependent on leveraging innovation like biometrics, data integration and a growing variety of payment methods to securely drive more volume with visibility, speed and simplicity.”. But electronic invoicing and payments are just the beginning,” he continued.
FICO
JANUARY 4, 2023
Similarly, though less than 40% of customers consider FIs’ digital channels, including mobile apps and web portals, to be entirely secure, most customers are encouraged by the advent of biometrics to enhance security and reduce fraud. Biometric Security Crucial for Fraud Protection and CX. Sarah Rutherford. See all Posts.
PYMNTS
NOVEMBER 19, 2020
Building and maintaining members’ trust is another crucial factor in determining CUs’ success, and one survey revealed that turning to biometric authentication measures could be just what CUs need to achieve this. For more on these stories and other CU headlines, read the Tracker’s News and Trends.
FICO
NOVEMBER 25, 2019
This is why FICO has invested in innovations in biometrics and behavioral authentication, combined with machine learning analytics, that can create trust in digital identities while streamlining complex onboarding, fraud and compliance processes. Vanilla” Biometrics Aren’t Strong Enough. Fingerprints Don’t Prove Who You Are.
PYMNTS
AUGUST 24, 2017
Security throughout the IoT arena is a topic that’s continually being refined. Orlando says the blending of biometric and behavioral metric authentication is the key to working toward more enhanced IoT security for most use cases.
PYMNTS
OCTOBER 26, 2016
Meanwhile, biometric security methods have seen a big boost in the past year, as major financial institutions and companies, such as Mastercard and Alibaba , increasingly embrace the new tech as a viable, more effective measure than outdated security methods, such as usernames and passwords. ” Biometrics coming on big.
FICO
JANUARY 5, 2021
Two of our top five posts focused on digital transformation innovations in biometrics and customer identification. You can dig into this topic in TJ’s on-demand webinar, Fraud & Financial Crime Convergence: Demanding Smarter Decisions. #2: 2: Fighting Fraud: How Biometrics Enhance Identity Authentication.
PYMNTS
FEBRUARY 4, 2020
PYMNTS probes this fascinating topic in the inaugural Next-Gen Debit Tracker ®, a PULSE collaboration. There’s still plenty of risk in the debit proposition, but new biometrics and countermeasures are keeping debit a safer haven for frugal card users.
PYMNTS
DECEMBER 9, 2020
Data security is such an important topic,” he said. Part of the balancing act can be streamlined through the use of advanced technologies such as biometrics at the point of onboarding in order to satisfy verification and authentication requirements. It’s paramount.
Celent Banking
OCTOBER 16, 2014
Not surprisingly, reaction to Apple Pay’s announcement is the hottest topic in payments. It focused on two major themes – Host Card Emulation (HCE) and biometrics. It has been busy few weeks in the payments world. It even manages to dominate European conferences with no specific agenda items dedicated to Apple.
Banking 2020
APRIL 3, 2015
Alerts, the gateway to wearables: While many people are discussing the topic of payments features with wearables , experts believe that it will be alerts, not payments, which will be most convenient and most used by consumers. . They want transparency, financial advice and fully customizable convenience. What have you been reading?
FICO
JULY 15, 2021
You can hear from and interact with these experts and “decision heroes”, discussing a range of topics including the importance of AI and machine learning for fraud detection, the application of biometrics for customer identification, and the latest trends in anti-money laundering. .
PYMNTS
JUNE 14, 2016
That was the crux of a recent digital discussion Karen Webster had with Ken Allen, SVP of operations at Socure , when the two dug into one increasingly evolving, complex topic that’s driving the future of payments and financial services: authenticating the consumer. And now, we are moving closer to biometrics.”
PYMNTS
APRIL 6, 2017
During a recent webinar hosted by PYMNTS on this very topic, everyone agreed that there needs to be an effort made to solve the identity verification/authentication problem. Then, when it comes to tools like passwords or biometrics, those are authenticators. But the real question is when — and how.
Accenture
OCTOBER 3, 2019
Let’s remind ourselves some of the key actions that banks should consider, which remain ever so relevant in today’s dynamic environment: Uplift investment : To deploy breakthrough technology to outsmart attackers and protect the core is vital—think AI, robotics, biometrics. If they’re not doing this already, now’s the time to start.
PYMNTS
NOVEMBER 13, 2019
As digital ID technology becomes more sophisticated, user-friendly and efficient – including via the application of biometric authentication – it will gain even more mainstream appeal. The FATF paper seems likely to be a hot topic of conversation in the payments world for quite a while.
PYMNTS
DECEMBER 24, 2019
PYMNTS research recently dug into that topic. It’s not just about fingerprints or voice when it comes to biometric-enabled payments and commerce. Self-service kiosks have been gaining popularity, and cutting-edge technologies like biometrics are starting to be integrated, especially in the world of quick-service restaurants.
Celent Banking
SEPTEMBER 10, 2014
Our report also discussed that Apple was going to make use of its relevant assets, namely access to card details registered at iTunes, Passbook app, Touch ID and biometric customer authentication, iCloud keychain, AirDrop and iBeacon. Again, I would expect we will hear more from Apple on both of those topics.
Celent Banking
JANUARY 20, 2017
Most of the banks we interviewed for recent research on this topic are hearing loud and clear that clients are looking for more streamlined, convenient, and faster access to banking services and information. Enhance authentication options, including biometrics. Simplify the user experience.
ZootBlog
MAY 18, 2016
Over the past couple of weeks we’ve been discussing fraud mitigation strategies on ZootBlog—everything from EMV chip cards to encryption, tokenization, and biometrics. In early February we saw the shocking $81 million heist from Bangladesh’s central bank. call-center contacts as being fraudulent, up from 36% in 2013.
PYMNTS
JUNE 22, 2017
Sunil Madhu also highlighted the fact that machines are moving away from rules-based learning toward self-education — toward, as it were, unsupervised or semi-supervised machine learning, which is the topic of Episode Three in the podcast series. “We You can think of that as an unsupervised or semi-supervised machine learning system.”. “You
NCR
APRIL 18, 2017
Developments in other fields of technological innovation – such as the Internet of Things and biometrics – could help to fuel growth in behavioral analytics in the banking industry. “A challenge would involve developing an understanding of which data points best predict an individual’s creditworthiness.”
Insights on Business
MAY 1, 2018
Topics include: AI. Biometrics. While Payments at face value may appeal to those who are predominately in financial services, there are a number of disciplines that the Payments industry reaches that will be covered at the Payments Summit. With over 90 speakers and 40 different breakout sessions, there is something for everyone.
Insights on Business
OCTOBER 11, 2018
No doubt, this will be a topic at this year’s Money20/20 event. Voice-activated devices could theoretically use biometric verification, but their technology has yet to authenticate voices reliably. The behavior patterns that emerge —combined with biometrics—can be the way we detect and stop fraud.
NCR
MARCH 24, 2016
One of the most widely covered news topics was Visa’s announcement that it plans to bring payments to the Internet of Things. The company also talked about the future of biometric authentication, demonstrating iris biometrics to the congress. MasterCard goes big on biometrics. Visa – payments coming to IoT.
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