News about Biometrics.
February 5th, 2016
A patent filed by Samsung describes how a sensor on a smartwatch or other wearable device could authenticate identity by reading the user’s vein structure. “A wearable device may capture an image of a portion or all of the user’s body and may identify the user wearing the wearable device based on the captured image,” the patent says. “For example, a smartwatch may be worn on the user’s wrist to capture an image of the user’s veins in order to identify a user.”
February 4th, 2016
Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019.
January 13th, 2016
More than half of UK consumers (54%) are willing to authorise payments using biometric technology, research from Experian shows. Accessing online accounts (64%) topped the list of services people are most willing to use biometric…
January 12th, 2016
Customers of Banco Nacional de Costa Rica will be able to access their bank account and check their balance by scanning their face using their mobile device from the second quarter of this year. In a second phase the bank will extend face recognition to users of its web-based banking facilities, says technology provider FacePhi.
December 17th, 2015
Customers of Atom Bank will be able to access their mobile banking app using face and voice recognition when the online banking startup launches in 2016. “Present your face to view your balance or say a few words to transfer some money,” biometrics software company Daon says. Atom is also planning to add fingerprint verification and will use Daon’s IdentityX mobile biometric authentication platform for the service.
December 9th, 2015
More than 16bn mobile biometric payment transactions will be made and more than 1.1bn financial services customers will be using mobile biometrics by 2020, research from Goode Intelligence predicts. “Adoption is being seen across almost all of the financial services industry — from traditional ATMs to alternative Bitcoin wallets,” the firm says. “Mobile is fast becoming the biometric authenticator of choice for the financial services industry.”
December 7th, 2015
Customers of Deutsche Bank are testing technology which verifies their identity by the way they handle and hold their mobile device. “The technology analyses about 50 different factors to build a picture of a user from pressure applied to the pin-pad to how the phone is held, location, facial recognition and thumbprint,” the Financial Times reports. “The bank hopes the system will free customers from passwords and allow it to lift limits on mobile transactions.”
November 19th, 2015
November 18th, 2015
Drivers may soon be able to use their fingerprint to unlock their vehicle doors, cockpit and mirror adjustments, ignition, entertainment preferences and theft prevention system using biometrics provider Synaptics’ Natural ID fingerprint sensors. The sensors have been included in the company’s new automotive portfolio and will also allow for “personalisation usage targeting door handles, steering wheels and start buttons”.
November 17th, 2015
The inclusion of biometrics in mobile devices will generate US$9bn in revenue by 2018, a report by Biometrics Research Group predicts. “Worldwide revenues within the mobile biometrics sector will total US$45bn by 2020 and 650m people will be using biometrics on mobile devices by the end of 2015,” the company says. “Biometric smartphones will increase tenfold from 200m users in 2015 to 2bn users by 2020.”
November 12th, 2015
A 24-page white paper designed to give banks, processors, OEMs, retailers and other issuers a clear overview of the evolving world of mobile payments is now available to download from the NFC World Knowledge Centre.
November 11th, 2015
Employees of UK-based payment processor Worldpay are taking part in a three week proof-of-concept trial to evaluate the use of finger vein technology (FVT) to authenticate payments at the point-of-sale without the need for a card.
November 10th, 2015
The market value of biometric identification for financial services applications will increase from US$123m in 2015 to US$657m in 2019, research from TrendForce predicts. “The significant growth is mainly driven by innovations within the global finance industry,” the company says. “Among regions, Asia Pacific has the largest growth potential, followed by Europe.”
October 27th, 2015
Citi has begun testing a screenless, cardless ATM concept developed by Diebold that lets customers make transactions using their mobile device instead of a plastic card and authenticate themselves using NFC, QR or an iris…
October 15th, 2015
A UK startup raising funds on Kickstarter for a modular smartwatch that includes NFC and contactless payment functionality has amassed pledges totalling more than double its US$250,000 target in just two days.
October 14th, 2015
Zwipe, maker of a contactless payment card that includes an integrated fingerprint sensor, has raised US$5m in funding from Photon Future. “The Series B investment enables Zwipe to accelerate the commercialisation of its biometric authentication technology to finance further research and development activities,” the company says. The investment brings the total amount raised by Zwipe to $11m.
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.”
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.
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.
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.