News about Biometrics.
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.”
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…
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.
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.
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.
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…
August 10th, 2015
Employees of Taiwan’s CTBC Bank have begun piloting an ATM that uses both a finger vein scanning solution from Hitachi and facial recognition technology to authenticate transactions. “The pilot programme utilising biometric security began this week for employees working at the CTBC Financial Park in Taipei’s Nangang Business Park,” Planet Biometrics reports.
August 10th, 2015
Korean card issuers will adopt biometric recognition solutions from September following clearing from the Financial Services Commission. “BC Card is the first local financial institution to launch a biometric recognition and settlement service next month using a fingerprint scanning system,” Korea Bizwire reports. “Shinhan Bank is preparing to introduce a vein pattern recognition system, while Industrial Bank of Korea (IBK) is focusing on iris technology.”
July 24th, 2015
One in six consumers find usernames and passwords “cumbersome” and 77% are interested in using alternatives to protect their security on the internet, research from Accenture reveals. More than half (58%) say they are interested…
July 16th, 2015
Some 41% of US consumers have a “high level” of comfort when logging in to a website or mobile app using a thumbprint or face/eye scan, research from Gigya finds. “Consumers are more privacy conscious than ever and this year’s survey results indicate people are taking proactive steps to safeguard their personal data,” the company says.
July 15th, 2015
Password management and digital wallet app Dashlane is to let Samsung device users verify their identity using the fingerprint sensor on devices including the Galaxy S6, Galaxy S5, Galaxy Note 4 and Galaxy Note Edge.
July 14th, 2015
Apple Pay is now live across the UK, enabling consumers with iPhone 6, iPhone 6 Plus and Apple Watch devices to make NFC mobile payments at more than 250,000 locations and across the Transport for…
July 14th, 2015
Mobile payment provider MyCheck has announced support for Apple Pay in the UK, enabling customers at participating restaurants to settle their bill using the mobile payments service. “When using Apple Pay with MyCheck, a customer can authorise a transaction through a restaurant’s native iOS app or via one of MyCheck’s partner apps with just the touch of a finger on Touch ID,” MyCheck says.
July 10th, 2015
Some 82% of US consumers have heard of contactless or tap-and-go payments and 69% are now using chip cards or plan to use them soon, research from MasterCard reveals. Three quarters of Americans have also…
July 9th, 2015
Apple faces challenges in introducing Apple Pay in Korea after failing to “coordinate different opinions” over transaction fees with local credit card companies, including Shinhan Card, Hyundai Card and KB Card. “There is a big difference in technical issues as well, including fingerprint recognition,” Business Korea reports. The news follows reports that Samsung Pay entered beta testing in Korea this week.
July 9th, 2015
Apple has been granted a patent from the United States Patent and Trademark Office for an authentication system to allow owners to unlock content on their devices by taking a picture of their face. “The methods include processing a captured image of a user seeking to access a resource by conforming a subset of the image to a reference model,” the patent says.
July 7th, 2015
Nearly one in four UK consumers (23%) think the country will become a cashless society within 10 years, research from Equifax and Gorkana Surveys reveals. “Apple Pay highlights that consumers are now widely receptive to payment approaches which use biometric technology and contactless methods and are comfortable accepting them as secure payment mechanisms,” says Equifax’s John Marsden.
July 6th, 2015
The fingerprint sensor market is expected to grow at a CAGR of 17% between 2015 and 2020, research from MarketsandMarkets has found, with its value projected to reach US$14.5bn by 2020 from $5.5bn in 2014. “In terms of shipments, the market is projected to reach $10bn by 2020 at CAGR of double digits between 2015 and 2020,” the research team adds.
July 3rd, 2015
Users of ING’s mobile banking app in the Netherlands can now use their voice or a fingerprint to authorise payments. “Customers previously could use voice control in the app and could log in with fingerprint recognition,” says the bank. “It is also possible from today to confirm payments in the app with your voice, or fingerprint for iOS devices equipped with Touch ID.”
July 3rd, 2015
More than a third (38%) of Americans believe biometrics will increase their smartphone security, while 25% are skeptical and 37% don’t know, research from Unisys Security Insights finds. “Apprehension seems to be consistent across all demographic subgroups,” it says. “Awareness about benefits of biometrics as a security measure seems to be low among consumers, and organisations need to educate them to improve adoption.”