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News about Identity.

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.

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

Bell ID gets HCE certification from global payment schemes

September 30th, 2015

PARTNER NEWS: Mobile payments specialist Bell ID’s host card emulation (HCE) solution has been certified by three of the largest global payment schemes, the company has announced, making it the first vendor to receive approval… More

Cyber experts unsure of mobile payment security

September 28th, 2015

Just one in four cybersecurity experts (23%) believe that mobile payments are secure and can keep personal information safe, the 2015 Mobile Payment Security Study from IT professional association ISACA has found. 47% say mobile payments are not secure and 30% are unsure. “87% expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015,” the association says.

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.

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.

Apple granted NFC and Touch ID patents

September 1st, 2015

Apple has been granted 45 patents relating to NFC, Touch ID and Apple Watch in the US, Patently Apple reports. An NFC element “may serve as an antenna for transmitting NFC signals to external equipment” such as NFC hearing aids, POS equipment and security card readers. The Touch ID patent details a system of scanning a fingerprint’s “flow angles” as they pass over the sensor.

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

Swiss develop ‘Sound-Proof’ authentication

August 25th, 2015

Swiss researchers have unveiled a two-factor authentication mechanism dubbed ‘Sound-Proof’ that uses the noise recorded by a user’s phone and the device he or she wants to log into to verify identity. “The proximity of the two devices is verified by comparing the ambient noise recorded by their microphones,” the team from the Institute of Information Security at ETH Zurich explains in a paper describing the system.

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

Colombia festival visitors first to use Plazez mobile payments service

July 28th, 2015

Thousands of visitors at last weekend’s Zona Picnic Club festival in the Colombian capital Bogota have become the first to use a mobile payment service developed by payment processor Paymentez and MasterCard to pay for… More

Three in four consumers interested in using alternatives to passwords online

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… More

Dashlane adds fingerprint authentication

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.

Gemalto shows trusted service hub in Shanghai

July 14th, 2015

PARTNER NEWS: Gemalto will show off its Allynis Trusted Service Hub (TSH) at Mobile World Congress Shanghai this week, alongside demonstrations of other mcommerce, NFC, mobile ID and internet of things solutions. The digital security specialist describes the TSH as a “one-stop pay-per-use solution to quickly deploy secure mobile contactless services to the broadest base of users across a comprehensive portfolio of smartphones and mobile networks worldwide”.

“Highly interested” Canadians ready for mobile payments

July 3rd, 2015

Some 14% of Canadian consumers say they are highly interested in making in-store mobile payments and 11% are also interested in using a wearable device such as a smartwatch to do so, research from payment… More

38% of Americans back biometrics

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.”

MasterCard to pilot biometrics for online shopping

July 2nd, 2015

MasterCard is to test a system that will approve online purchases with a face or fingerprint scan later this year. “If you choose fingerprint, all it takes is a touch. If you go with facial recognition, you stare at the phone, blink once, and you’re done,” CNN reports. “To pull this off, MasterCard said it has partnered with every smartphone maker.” The pilot will involve 500 customers.

Global payments company to launch biometric cards with fingerprint scanner

June 30th, 2015

An undisclosed global payments company is to incorporate bendable fingerprint sensors into smart cards as part of a worldwide program to be rolled out in partnership with Norwegian biometrics provider Idex. “Idex’s unique, patented off-chip… More

Sharp includes fingerprint sensor in flagship smartphone

June 30th, 2015

Sharp is to include biometric provider Synaptics’ Natural ID fingerprint sensor in its latest flagship smartphone. “Aquos Zeta SH-03G complies with Fido’s latest industry standard, UAF 1.0, delivered through Synaptics’ Natural ID sensor, which utilizes unique technology to enable fingerprint authentication that can be done locally for increased data security,” Synaptics says.

OceanFirst Bank adds Touch ID

June 24th, 2015

OceanFirst Bank is working with digital banking provider Digital Insight to begin offering Touch ID functionality within its mobile banking app. “We believe OceanFirst Bank customers appreciate having a variety of choices for ways to meet their banking needs, and we are pleased to provide the Touch ID option to our mobile banking clients for fast and secure access to their accounts,” says the US bank’s Joseph R Iantosca.

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