News about Iris verification.
November 23rd, 2016
One in three new cars will feature some form of biometric feature by 2025, a report by Frost & Sullivan’s Intelligent Mobility team predicts, with partnerships between automotive OEMs and wearable providers resulting in faster…
November 8th, 2016
One fifth of German millennials (21%), more than a third of Dutch millennials (36%) and Italian millennials (37%) and a quarter of UK millennials (25%) are now making mobile payments in-store, online and in-app, research…
November 2nd, 2016
LG Innotek has unveiled an all-in-one module that functions as both a front-facing camera as well as an iris scanner which could be built into LG smartphones scheduled to launch next year, Korean publication Digital Times reports. It is not confirmed whether or not the module will be integrated into the company’s forthcoming LG G6 flagship smartphone, expected to be unveiled in spring 2017.
October 27th, 2016
Iris scanning technology has overtaken fingerprinting as the biometric security measure most UK consumers would consider using, with more than a third saying they would be more likely to use a bank that offers biometric…
October 18th, 2016
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.
August 9th, 2016
Samsung Pay users will soon be able to secure purchases by scanning their eyes with the Galaxy Note 7, the latest addition to the Korean phone-maker’s pen-oriented line up.
July 27th, 2016
The Payments Association of South Africa (PASA) has unveiled a new standardised specification to facilitate biometric authentication on payment cards.
July 14th, 2016
More than two thirds (68%) of European consumers want to use biometrics as a method of payment authentication, research from Visa reveals, and 73% see two-factor authentication as a secure way to confirm an account holder’s identity.
June 20th, 2016
LG U+ is to release a new service in August that uses biometric authentication for mobile shopping and banking transactions based on the storage of “personal biometric information in universal subscriber identity modules (USIMs),” according to Business Korea. “The platform is to be used for combination of users’ biometric information, such as fingerprint data and iris data, with the mobile carrier’s subscriber and billing information so that one-stop authentication can become possible,” the publication reports. The service will make use of Fido standards.
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 6th, 2016
Customers at Citibank’s smart banking branches in Manhattan, New York have been gaining cardless after-hours entry to ATM lobbies using their iPhone or Apple watch and Bluetooth Low Energy (BLE) beacons installed by Gimbal. By…
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.
February 23rd, 2016
Limited merchant acceptance points, fragmentation and consumer concerns over security and privacy will remain “substantial hurdles” to mobile payments at the physical point of sale in 2016, according to analysts at the Federal Reserve Bank of Atlanta. Fingerprint, facial and iris recognition will dominate as the most-used biometrics, a blog post by the reserve bank’s Retail Payments Risk Forum also predicts, although the technology is expected to “face critical adoption challenges”. EMV will pick up pace in the year ahead, the forum adds, while ACH same-day service will “not be a huge hit”.
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 21st, 2015
PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning…
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.
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 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 10th, 2015
Korean card issuers will adopt biometric recognition solutions from September following clearing from the Financial Services Commission. “BC Card is the first local financial institution to launch a biometric recognition and settlement service next month using a fingerprint scanning system,” Korea Bizwire reports. “Shinhan Bank is preparing to introduce a vein pattern recognition system, while Industrial Bank of Korea (IBK) is focusing on iris technology.”
June 22nd, 2015
One in four US consumers would consider sharing their DNA with their financial institution if it meant it would make authentication easier and their personal information more secure, research from Telstra reveals. “Two thirds of US consumers think that using biometrics — such as voice, fingerprint, iris and facial recognition — would be more secure and help reduce the risks of fraud,” says the Australian telecoms operator’s Rocky Scopelliti.