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News about Biometrics.

Tangerine tests facial recognition

October 8th, 2015

Scotiabank-owned direct bank Tangerine is reportedly experimenting with facial recognition technology on mobile devices. “The bank was the first in Canada to allow check deposits by taking photos with mobile phones in 2013 and to use fingerprint scanning and voice-enabled banking,” Bloomberg reports. “Tangerine is now delving deeper into such biometric technology to improve customer experience and security.”

Microsoft adds Windows Hello to new devices

October 7th, 2015

Microsoft has added its Windows Hello biometric authentication solution to its Lumia 950 and Lumia 950 XL devices, launched at a press event in New York this week. “Windows Hello Beta is an incredibly personal and secure way to unlock your Lumia 950/950 XL — simply wake up your device, look directly at the screen and our infrared camera technology automatically authenticates you,” Microsoft says.

JCB to pilot palm vein payments in Japan

October 7th, 2015

Japanese credit card scheme JCB is to pilot the use of Fujitsu’s palm vein authentication technology for payments at this month’s JCB World Conference, enabling those attending to make purchases using only their hand. Additional trials in “global markets” are expected to follow. More

Vein recognition market to grow 27% a year

October 6th, 2015

The global vein recognition biometrics market in the banking, financial services and insurance (BFSI) sector is set to grow at a compound annual growth rate (CAGR) of 27.83% from 2014-2019, research firm Technavio predicts. “Vein recognition biometrics is gaining importance in the BFSI sector for applications such as logical access control, physical access control, mobile banking, branch banking, kiosks, ATM and safe deposit locker,” the company adds.

MasterCard to add biometric security to online transactions in 2016

October 6th, 2015

MasterCard has unveiled MasterCard Identity Check, a suite of solutions that make use of biometrics and one-time passwords delivered via SMS to secure online mobile transactions. The service will be available to US financial institutions… More

226bn transactions to be secured with biometrics by 2020

October 5th, 2015

Some 226bn transactions worth a total of more than US$5.6trillion will be secured using biometric technology by 2020, research from Goode Intelligence predicts. “Payments are the main driving force for the wide-scale adoption of biometrics in the consumer market,” the company says. “Mobile payments are a major driver with the need for authentication speed creating demand for a frictionless user experience that biometrics can meet.”

Fingerprint sensor shipments to reach 1bn units by 2020

October 5th, 2015

Shipments of fingerprint sensors for smartphones are expected to reach 1bn units by 2020, representing a 17% compound annual growth rate (CAGR), according to ABI Research. “Other biometric modalities like face, voice and eye-based recognition are currently moving out of the fledgling phase and are to be integrated as highly-secure — albeit more expensive — biometric capabilities in smartphone devices with a five-year CAGR revenue growth of 144%,” the company says.

Apple patent reveals details of NFC payments ring

October 1st, 2015

Apple has developed a concept NFC ring that would allow a wearer to make payments, transfer information to others with a handshake and access secure documents on a shared device with a tap of their… More

Worldpay tests facial recognition for payments in stores

October 1st, 2015

UK-based payment processor Worldpay is conducting trials of a facial biometric verification system for payments in stores, using a prototype device that includes an upward-facing camera embedded into a POS terminal. The PED Cam (PIN… More

Nexus Imprint brings fingerprint sensor support to Android M

September 29th, 2015

Google has unveiled Nexus Imprint, a system that brings fingerprint sensor support to its latest phones and the upcoming Android 6.0 Marshmallow mobile operating system. It will enable the entire app ecosystem to make use of fingerprint recognition and will also work with Android Pay to authenticate an in-store payment, says the company. More

Tascent raises $18.5m for mobile iris ID

September 21st, 2015

Biometric identity solutions provider Tascent has announced a US$18.5m Series A funding round to build out its biometric technology platform. “The Series A round enables Tascent to develop new high-throughput iris recognition and mobile biometric identity solutions, enhancing its product lineup and further expanding its presence in government, enterprise and other market sectors,” the company says.

Absa Bank to pilot new Visa biometric chip card spec

September 16th, 2015

South Africa’s Absa Bank is to be the first to develop a proof of concept trial of a new Visa specification that will enable the use of biometrics to verify EMV chip card transactions. The… More

Google launches Android Pay in the US

September 10th, 2015

Google has begun rolling out its Android Pay mobile payment platform across the US today. In-store NFC mobile payments using the system will be possible at more than one million locations within the next few days, with in-app payments and loyalty expected later this year.  More

First Internet Bank enables Eyeprint ID

September 3rd, 2015

US-based First Internet Bank is letting customers log in to their mobile banking app by scanning their eye, using Eyeprint ID technology, rather than entering a user ID and password. “Eyeprint ID technology captures an image of the eye and matches the unique vein pattern to verify identity,” the bank says. It added support for Apple’s Touch ID in May.

India biometrics market to grow 35% by 2020

September 1st, 2015

India’s biometrics market is projected to grow at a compound annual growth rate (CAGR) of over 35% from 2015 through 2020, according to TechSci Research. “Fingerprint biometrics is the largest market segment in terms of revenue contribution, followed by iris and facial recognition,” the company says. “Voice recognition is the fastest growing segment on account of rising application in banking and integration in handheld devices.”

Half of Brits expect to replace cash with new technologies

August 28th, 2015

More than a quarter of UK consumers (27%) think they will be making payments using wearable devices including watches and wristbands within 10 years, 22% think they will be regularly using their fingerprint to make… More

$14.9bn biometrics market by 2024

August 27th, 2015

The worldwide biometrics technology market will grow from US$2bn in 2015 to $14.9bn by 2024, research firm Tractica predicts. “During that period, Tractica forecasts that cumulative revenue will total $67.8bn,” the company says. The ‘Biometrics Market Forecasts’ report is based on a comprehensive 10-year market forecast for biometrics hardware and software from 2015 to 2024.

620m biometric app downloads by 2020

August 26th, 2015

More than 620m mobile banking apps that support biometrics for customer authentication and transaction verification will be downloaded by 2020, research from Goode Intelligence predicts. “Additionally, almost 160m wearable devices will be benefiting from seamless biometric authentication for accessing banking services on a variety of wearables, including smartwatches and bands,” the company says.

MasterCard begins Selfie Pay trials

August 24th, 2015

MasterCard is testing a ‘Selfie Pay’ service in the Netherlands with International Card Services and Dutch bank ABN Amro. Some 750 cardholders can verify online transactions with a face or fingerprint scan using their smartphones, while 200 employees of US First Tech Federal Credit Union will trial the service in September. MasterCard unveiled its plans to pilot biometrics for online shopping in July.

TD Bank to pilot NFC payments with Nymi biometric wristband

August 13th, 2015

More than 100 TD Bank customers in Toronto, Canada are to begin piloting an NFC version of Nymi, a biometrically authenticated wristband that uses the wearer’s unique cardiac rhythm to verify their identity. RBC Royal… More

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