PYMNTS

MAY 14, 2020

The result has led to a surge in digital ID innovation, with businesses in all sectors relying on both artificial intelligence (AI) and biometrics to verify consumers remotely from the safety of their own homes. Technology firms worldwide are working to meet the growing demand for reliable, remote and digital ID verification.

Fraud 247

Fraud Meeting Innovation New York 247

Payments Dive

JULY 18, 2018

Download this infographic for interesting insights into a survey which explores the attitudes to and willingness of US, UK and Australian adults to make biometric payments, including gender and age variations.

Survey 186

Survey Trends Technology Payments 186

PYMNTS

APRIL 27, 2020

Biometrics, which measures the physical characteristics of an individual to validate identity, has been touted as a potential fix for that issue, but in reality the jury is still out on its immediate effectiveness. “The But for eCommerce biometrics focuses almost exclusively on validating user identity.

Fraud 164

Fraud Company Security Comparison 164

Payments Source

JANUARY 25, 2021

Biometric authentication has always been a challenging subject with consumers, who are accustomed to using the technology to unlock their phones but are still wary about how much personal information they share with retailers and card issuers.

Cards 215

Cards Payments Retail Technology 215

Bank Innovation

MARCH 19, 2018

How will consumers use biometrics for payments in the future? With the advance of face, finger, and voice identification, biometric technologies will be integrated with IoT devices to provide a better customer payment experience.

Video 247

Video Payments Mobile Innovation 247

PYMNTS

FEBRUARY 13, 2020

Biometric VeinID platform Fingopay announced that it is launching an Open Banking retail pilot with Reflow , a payments firm. Sthaler, the company that created Fingopay, said it wants to demonstrate to the FCA and other financial authorities that its technology is reliable and safe. Manchester, Europe and North Africa this year.

Payments 243

Payments Technology Retail Cards 243

PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. Integrated Biometrics is suggesting that consumers use hand sanitizer and wipe down the fingerprint scanner after use.

Innovation 209

Innovation New York City System Tools 209

PYMNTS

AUGUST 10, 2020

With this kind of digital nastiness afoot, game platforms and their payments and technology partners are beefing up security in the space, keeping winners and losers on-screen only. These methods could be especially useful for online age-verification processes, as biometric measures are highly accurate and difficult to fake.”.

Fraud 142

Fraud Online Security System 142

PYMNTS

SEPTEMBER 23, 2020

The technology allows for a biometric and instinctive method of verifying new clients prior to the time that they receive login information, according to an announcement. Identity verification that uses biometric technology has swiftly come to the surface as a “best practice,” according to the announcement.

California 230

California Technology Mobile Online 230

Payments Source

SEPTEMBER 7, 2020

Biometric cards have garnered more attention in recent times through various trials, but the coronavirus pandemic looks set to accelerate their adoption with a series of major card issuers beginning to roll out the technology.

Cards 217

Cards Payments Technology 217

PYMNTS

JULY 1, 2019

This means banks must make security an engaging part of their customer experiences rather than a clunky friction point, and many are doing so by turning to AI and biometric authentication tools. Biometrics and the Benefits for Security . Biometric methods could help FIs adapt to these new communication channels, however.

Customer Experience 187

Customer Experience Tools Fraud Security 187

Bank Innovation

MAY 4, 2017

Consumers are becoming more comfortable with biometrics in banking—most are now actively asking for the capability to be included in their mobile and online banking experience. Almost 80% of customers want more biometric authentication methods in their digital banking (online and mobile) experience, according to a survey of 1,000 U.S.

Survey 308

Survey Digital Banking Mobile Online 308

PYMNTS

SEPTEMBER 16, 2019

Biometrics and authentication challenges . Biometrics is emerging as one of the innovative solutions to this problem in a variety of industries, including retail, travel and hospitality. Biometrics also have the advantage of simplifying customer experiences. SCA and the awareness problem.

Technology 116

Technology Customer Experience Cards Regulation 116

PYMNTS

NOVEMBER 2, 2020

The Postal Service is expanding its offerings to include biometrics and geospatial data. Postal Service, said that the post office is getting a new technology solution for its fingerprinting program in fiscal 2022 and plans to get Impact Level 2 (IL-2) certification, according to the report.

US 191

US Washington Report Policies 191

PYMNTS

DECEMBER 5, 2019

Biometric authentication is one of the hottest trends in the digital ID space. Users demand both ironclad security and seamless login experiences, and biometrics are being incorporated into hardware solutions to meet these desires. Cybercriminals employ numerous means to beat biometric authentication measures.

North Carolina 142

North Carolina Security System Fraud 142

PYMNTS

SEPTEMBER 5, 2019

Biometric payments are making another run at the grocery store, this time at the hands or Amazon. No phone, no keys — just a biometric handprint scan and the customer is free to go. Or at least that is the end game for the technology. The Bumpy Biometric Path . Or, to be more precise, in the hands of Amazon’s customers.

Payments 191

Payments Cards System Chicago 191

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. In the U.S. The Challenge of Building the Right Card for the Job.

Cards 187

Cards Security United States Technology 187

PYMNTS

SEPTEMBER 16, 2019

The latest PSD2 Tracker looks into how EU merchants and retailers could leverage biometric authentication to better comply with SCA. As a result, technology providers and other companies are currently developing and launching solutions to better enable merchants that are still struggling with SCA. Biometrics and SCA .

Compliance 130

Compliance Guidelines Regulation National 130

Bank Innovation

MAY 11, 2017

Biometrics are fast becoming the norm for identity verification in banking—but criminals are adapting to these authentication methods as quickly as consumers.

Fraud 281

Fraud Security Online Management 281

Bank Innovation

JUNE 13, 2017

Two-factor authentication is interesting when it comes to mobile biometrics in finance—but that doesn’t make it necessary, at least according to “business-side” executives at financial institutions.

Mobile 267

Mobile Security Technology 267

The Paypers

MARCH 18, 2024

India-based cybersecurity company Ensurity has integrated biometric technologies from Fingerprint Cards (Fingerprints) for its new FIDO2 biometric security key.

Security 45

Security Cards Technology Company 45

PYMNTS

NOVEMBER 20, 2019

Barclays is collaborating with Hitachi on a biometric scanner designed to accelerate and boost the security of corporate transactions. Planet Biometrics reported on Wednesday (Nov. Planet Biometrics reported on Wednesday (Nov. Hitachi’s technology has also made the scanner smaller, the companies noted.

Security 124

Security Digital Banking Technology Fraud 124

PYMNTS

OCTOBER 9, 2019

bank NatWest has started a three-month trial of a biometric credit card that will use a fingerprint in lieu of a PIN. The biometric card will also be able to be used for buying things online, and it will function with contactless devices as well. . NatWest launched a test of biometric debit cards earlier this year. . In the U.K.,

Cards 132

Cards ATM Security Innovation 132

PYMNTS

SEPTEMBER 3, 2020

Multinational bank HSBC has selected Mitek to provide biometric identification services for U.S. premier checking account customers, according to a report from Biometric Update. The deal with HSBC was touched on briefly in a first quarter report, although no details were explicitly given, according to Biometric Update.

Video 168

Video Report Fraud Mobile 168

PYMNTS

JUNE 1, 2020

It’s unquestionably a turning point for this ubiquitous technology, and for its uses going forward. CUs are thus turning to a broad array of technologies — including ATMs — to extend end-to-end banking services, even as members seek to avoid brick-and-mortar branches.”. Biometrics By A Mile. Elevate the ATM experience’.

ATM 143

ATM Security Online Technology 143

PYMNTS

MARCH 11, 2020

Many merchants and payments providers are exploring biometric verification to raise contactless payments’ limits, but it is difficult to determine which merchants offer these capabilities, making their efforts appear inconsistent and potentially derailing customers’ interest. Biometric Security And Privacy Enhancements.

Payments 130

Payments Security Cards Meeting 130

PYMNTS

APRIL 17, 2019

bank NatWest has announced a biometric payment technology for its commercial and business customers. Once a device is registered, a customer can set up the biometric authentication, which will require a six-digit code. In March , NatWest announced that it was going to test out biometric fingerprint tech for paying with cards.

Payments 139

Payments Cards Technology System 139

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. Local officials have started to at least consider bans on official use of facial recognition.

Fraud 161

Fraud Illinois Regulation Online 161

BankInovation

OCTOBER 6, 2022

Financial institutions are implementing biometric solutions that can add layers of security, reduce fraud and provide a better understanding of client experience, however banks must integrate these solutions carefully, keeping compliance front and center and staying aware of fraud since the technology isn’t foolproof — not yet at least.

UX 98

UX Security Fraud Compliance 98

PYMNTS

NOVEMBER 21, 2018

Biometrics have been making some buzz recently, as some service providers see the tech as the path to more robust authentication measures. In one recent move, for example, Avtex , a call center customer experience consulting and technology company, partnered with biometric identity company Daon. Around The Call Center World.

Trends 190

Trends Fraud Customer Experience System 190

Payments Source

DECEMBER 1, 2019

While we expect growing consumer demand for biometrics, we also expect to see payments industry players move toward these types of future-proof technologies and away from legacy password-type systems, says Nuance Communications' Simon Marchand.

System 153

System Industry Technology Payments 153

PYMNTS

NOVEMBER 8, 2019

Biometrics isn’t as sci-fi as it once was. One of the newest forms of biometrics is the sound that an individual’s bones make. One of the newest forms of biometrics is the sound that an individual’s bones make. The rise of new authentication methods is one of the driving forces in the growing biometric market.

Innovation 120

Innovation Fraud Security Data 120

Bank Innovation

JANUARY 8, 2018

Indian fintech Nearby Technologies has partnered with one of the country’s largest private sector banks, YES Bank, to launch a cardless and PIN-less Aadhaar ATM service. Aadhaar is a unique 12 digit identification number based on biometrics given to each Indian resident.

ATM 247

ATM Technology Fintech Mobile 247

PYMNTS

MAY 1, 2018

As biometrics have begun to represent the next generation in securing payments, Mastercard has unveiled a technological advancement for its own biometric cards. Cardholders can now register their fingerprints onto a biometric card at home through the new technology, the company said in an announcement.

Cards 118

Cards Security Technology Fraud 118

PYMNTS

JANUARY 15, 2019

Identity presents a challenge for consumers around the globe, according to FinTech experts at artificial intelligence (AI) biometric software companies. As such, many companies are seeking to provision identity, and some of them are taking a more advanced version of that through biometrics. With biometrics 3.0,

Analytics 108

Analytics Technology Data Software 108

Payments Dive

NOVEMBER 30, 2023

The AI-powered biometric identification technology, already used as a payment tool at some merchants, intends to improve the accuracy and ease of use of physical and digital access controls, Amazon Web Services said.

Tools 195

Tools Technology Payments 195

Payments Source

OCTOBER 30, 2020

Before bringing biometrics to any new payment form factor, careful consideration is needed to ensure the technology can be seamlessly integrated into the existing infrastructure, while maintaining the highest levels of security, says Fingerprints' Henrick Nilsson.

Security 126

Security Technology Payments Fraud 126