News about Biometrics.
May 26th, 2016
More than half of US and UK consumers (52%) prefer to log in to online accounts using “modern authentication methods”, research from Gigya reveals, including 29% who favour two-factor authentication and 20% who prefer biometric authentication.
May 25th, 2016
Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major…
May 23rd, 2016
Financial institutions can now select Inside Secure’s Visa Ready MatrixHCE solution as a means of rolling out mobile payment solutions within a matter of weeks. “MatrixHCE is a proven software solution that effectively protects sensitive data on mobile devices and allows mobile phones to be used as payment cards in the retail environment and supports key features such as transaction logging, receipts, biometric authentication and token processing,” the company says.
May 17th, 2016
Precise Biometrics has entered into an agreement with Oberthur Technologies (OT) licensing the integration of its Precise BioMatch Embedded fingerprint recognition solution into OT’s Pearl embedded secure element. “The partnership with Precise Biometrics enables OT to offer convenient and secure fingerprint identification for connection, authentication and payments in any type of device,” Precise Biometrics says. “The license agreement will generate royalty revenue based on sales of secure elements from OT that includes Precise BioMatch Embedded in the delivery.”
May 17th, 2016
South African consumers will soon be able to make payments using an NFC sticker on the back on their mobile phone via a service launched by mobile financial services provider MobiCash and mobile payments platform Boloro….
May 9th, 2016
Motorola‘s forthcoming budget phone — the new Moto G — is to come in two variants and will include NFC, a components chart published on Twitter has revealed, making it the first Moto G to feature the technology. “The new phone is also expected to have a fingerprint scanner, since a Lenovo executive said earlier this year that all Motorola-branded phones would have fingerprint scanners in 2016,” The Verge reports. The new Moto G is expected to be unveiled on May 17.
April 28th, 2016
Customers of Deutsche Bank will be able to make NFC mobile payments using the version of its mobile banking app that will become available for Android in the third quarter of this year. “Contactless payment at the point of sale based on NFC is scheduled to become available when the Android version of the app is released,” the bank says. Deutsche Bank ran a trial in December 2015 of technology that verified the identity of their customers by the way they handle and hold their mobile device.
April 27th, 2016
Customers of Canada’s Tangerine Bank can now log into its mobile banking app for iOS by authenticating themselves with their iris or voice. The bank is using technology supplied by EyeVerify and Nuance’s VocalPassword for the service, which will be supported on the Android platform in the coming months.
April 26th, 2016
Almost three quarters of UK consumers (73%) do not expect to be using cash in five years’ time in light of the rise of contactless payments and mobile wallets, research released by digital media agency Starcom reveals, and a third believe cash will be extinct within the next 15 years.
April 14th, 2016
Chinese ecommerce giant Tencent’s WeChat mobile payments and messaging app has been integrated with Givex’s Vexilor point-of-sale solution to enable users of the service to make in-store purchases by scanning a QR code.
April 12th, 2016
Customers of Nationwide Building Society in the UK may soon be able to access their mobile banking accounts using behavioural biometrics that recognise how they interact with their smartphone, from the way they hold their device to how they type. “The prototype, developed in Nationwide’s Innovation Lab in partnership with BehavioSec and Unisys, explores how a customer’s natural interaction with their smartphone or tablet could provide an additional level of security in the future,” the company says.
April 12th, 2016
The Government of Japan is to pilot a system that would let tourists verify their identity and make in-store payments using their fingerprint. “The experiment will have inbound tourists register their fingerprints and other data, such as credit card information, at airports and elsewhere,” The Japan News reports. “Tourists would then be able to conduct tax exemption procedures and make purchases after verifying their identities by placing two fingers on special devices installed at stores.” The system is expected to roll out across the country by 2020.
April 5th, 2016
Samsung is developing new biometric sensors for mobile phones with the aim of adding additional security to Samsung Pay. “Right now, we use fingerprint,” Samsung Pay’s Elle Kim told delegates at Money20/20 Europe. “As we speak, engineers at Samsung are developing the next generation of biometric sensors so that our phones and Samsung Pay can be even more secure.”
March 24th, 2016
Canadian financial services provider BMO Financial Group is to enable its customers to use MasterCard’s Identity Check mobile app to verify their online transactions via face recognition and fingerprint biometrics. In the first phase of the…
March 23rd, 2016
The global biometrics market will reach more than US$30bn by 2021, representing a 118% increase from 2015, according to a new forecast from ABI Research. “Consumer electronics, particularly smartphones, continue to boost the biometrics market, with embedded fingerprint sensors anticipated to reach two billion shipments by 2021, at a 40% compound annual growth rate (CAGR),” the firm says.
March 22nd, 2016
Handset maker Huawei has partnered with bank card association China UnionPay for the roll out of Huawei Pay, an NFC-based mobile payment service that makes use of tokenization technology and is expected to be available on a wide range of Huawei handsets.
March 16th, 2016
The American Bankers Association’s Card Policy Council is calling for all consumer-facing industries to implement the latest payment protection technologies, including EMV chip cards, tokenization and biometrics. “We invite retailers to partner with banks by taking common sense measures like activating their chip credit card readers and accepting secure mobile wallets,” says the Card Policy Council’s Jess Sharp.
March 15th, 2016
Amazon has applied for a patent that would enable consumers to authenticate a transaction by taking a picture of their face. “The user is identified using image information which is processed utilizing facial recognition,” the patent says. “The device verifies that the image information corresponds to a living human using one or more human-verification processes.” MasterCard announced in February that it would be rolling out its ‘selfie pay’ service this summer.
March 10th, 2016
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021.
March 7th, 2016
NEC has unveiled a biometric technology that uses the resonation of sound determined by the shape of human ear cavities to authenticate the identity of individuals. “The new technology instantaneously measures acoustic characteristics determined by the shape of the ear using an earphone with a built-in microphone to collect earphone-generated sounds as they resonate within ear cavities,” NEC says. The company will commercialise the technology in 2018 in a “wide range of applications”.