News about Fingerprint.
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…
December 18th, 2015
Samsung has partnered with China UnionPay to bring its Samsung Pay mobile payments service to China in early 2016. The announcement comes as Apple reveals that it has also partnered with the bank card organisation to bring Apple Pay to Chinese consumers next year.
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 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.”
December 1st, 2015
Creative studio Chaotic Moon has demonstrated a concept it calls Tech Tats, tattoo-like formations of components and conductive paint that create an electronic circuit which adheres to the wearer’s skin. The temporary tattoos include a microprocessor and the company envisages them performing tasks such as health monitoring or making payments.
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 6th, 2015
UK banks have reportedly warned Apple Pay users that if they store other people’s fingerprints on their iPhones, they will be treated as if they have failed to keep their personal details safe. “This means the bank can decline to refund disputed transactions or refuse to help where customers claim they have been victims of fraud,” The Telegraph reports. “This is because Touch ID works to unlock phones as well as authorise payments through Apple Pay.”
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 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.
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.
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…
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.
September 8th, 2015
Consumers will be able to make contactless transactions for high value payments above the current limit at all contactless terminals across Europe by 2017, MasterCard has announced. The move follows the payment network’s confirmation that…
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 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 14th, 2015
Samsung Pay will launch in Korea on 20 August and in the US on 28 September, the handset maker confirmed as it announced two new flagship devices in New York yesterday. “Samsung plans to roll out the service in the UK, Spain and China as well,” the company says of its fingerprint-secured NFC- and MST-based mobile payment offering. “Select US users of Galaxy S6, S6 Edge, S6 Edge+ and Note 5 will be able to participate in a beta trial from 25 August ahead of the 28 September launch.”