A biometric ring could replace your passwords, cards and keys

A biometric ring could replace your passwords, cards and keys — Engadget — “With a fingerprint sensor on the inside, it can confirm that you’re the authorized user. Then, you slide on the ring, and an onboard IR optical sensor makes sure the device is still on your finger. As long as you have not taken it off, you can authorize transactions with a tap of your hand… Token transmits the authentication signal over NFC in most situations.”


Square gets green light to take on banks with ‘PIN on glass’ mobile technology

Square gets green light to take on banks with ‘PIN on glass’ mobile technology — Australian Financial Review — “Banks are set to face more competition in the lucrative mobile point of sale technology game as secret trials featuring Twitter founder Jack Dorsey’s payments company Square are set to help credit card companies allow more payments through smartphone screens.”




New BBVA Wallet release provides enhanced functionality and convenience

New BBVA Wallet release provides enhanced functionality and convenience — BBVA Compass — “MLC uses geolocation information being transmitted by a customer’s mobile device as a means of approving debit card transactions for customers when they travel. When a customer enrolls in MLC, the bank is able to know at the time of purchase whether the cardholder’s device is nearby.”





Rise of the technophobe – education key to tech adoption, says HSBC

Rise of the technophobe – education key to tech adoption, says HSBC — HSBC — “The study of more than 12,000 people in 11 countries reveals four in every five people (80%) believe that technology makes their lives easier but less than half (46%) trust fingerprint recognition to replace their password, despite it being recognised to be at least five times more secure and significantly more convenient than traditional passwords.”


Emirates Islamic is first Islamic bank to integrate blockchain technology into cheques

Emirates Islamic is first Islamic bank to integrate blockchain technology into cheques — Emirates Islamic — “Emirates Islamic will issue new cheque books carrying a unique QR (Quick Response) code on every leaf, along with a string of 20 random characters… In the next phase of the Cheque Chain project, the bank will have each cheque leaf registered on the Bank’s blockchain platform enabling it to validate the authenticity of the cheque at source.”



KISA to unveil bio authentication for mobile banking in 2018

KISA to unveil bio authentication for mobile banking in 2018 — Korea Herald — “Korea Internet & Security Agency is developing bio authentication for mobile banking to commercialize it by late 2018… The biometric authentication reads heart rates and electrocardiograms on a user’s smartwatch, which sends the information to his or her smartphone. The smartphone is then unlocked with the user’s fingerprint which enables the use of mobile banking.”


Dubai to pilot biometric border system based on digital passports

DSG

Passengers travelling to Dubai will soon begin piloting a biometric border system that makes use of blockchain technology and lets them walk straight to baggage reclaim through a short tunnel which conducts a three dimensional scan of their face and instantly checks them into the country using an entirely digital version of their passport... More








JetBlue to launch first-of-its-kind self-boarding program using facial recognition

JetBlue to launch first-of-its-kind self-boarding program using facial recognition — JetBlue — “JetBlue today announced it will collaborate with U.S. Customs and Border Protection (CBP) and SITA to test a new paperless and deviceless self-boarding process as part of ongoing trials to implement a biometric exit process in the future. Customers who opt-in can put away boarding passes and devices – a quick photo match at the gate verifies customers to board.”


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