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Security

Access Bank to Launch Face Recognition Payments in Nigeria

March 3 2020

• in
• Authentication
• Facial recognition

“The new FacePay platform “enables more convenient payments in merchant locations and faster (withdrawals and transfers) in Access Bank branches,” the publication explains .”

On The Web

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Security

Google Chrome Is Working on Biometric Authentication for Payment Autofill

July 7 2020

• in
• Authentication
• Biometrics

“A few months ago, we spotted Chrome working on Windows Hello integration for payment autofill authentication, sparing you from digging out your physical card to enter your CVC over and over. We’ve now found out that Windows isn’t the only place where Google wants to make access to payment cards easier and more tightly integrated. […]

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Security

How Does Strong Customer Authentication Help Banks Fight Against Fraud?

February 28 2020

• in
• Authentication

“In the first half of 2019, criminals stole 40% more than in the same period in 2018 through bank transfer scams. Fraud losses on cards totalled to £313 million. Encouragingly, almost £500 million of card fraud was stopped by banks and card companies – and only three per cent came from contactless payments. However, for […]

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Security

Fingerprint ID Dominates Authentication, But Facial Recognition Is Growing Fast

January 7 2020

• in
• Authentication

“With payments fraud growing every year, the pressure is on in markets worldwide to adopt more sophisticated technology to verify the identity of mobile users. Against that backdrop, the winning technology is fingerprint recognition, with facial-recognition systems presenting a fast-growing alternative, according to the latest study from United Kingdom-based Juniper Research. Driving much of the […]

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Security

JPMorgan to Ban Third-party Fintech Platforms From Accessing Customer Passwords

January 2 2020

• in
• Authentication

“JPMorgan Chase is to enforce stricter security measures, banning third-party fintech apps from accessing customer passwords. The existing method of data sharing provides — with permission — numerous apps with access to customers’ bank accounts, but concerns have been voiced about the possible dangers. No timetable has been set out, but the American finance giant […]

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Security

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

December 16 2019

• in
• 3D Secure
• Authentication
• Behavioral biometrics
• Biometrics
• Cybersecurity
• Data security
• Encryption
• Facial recognition
• Identity
• KYC
• P2PE Validation
• Tokenization
• Verification

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds […]

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Security

Bank of America Updates Android App to Support Pixel 4 Face Unlock

November 19 2019

• in
• Authentication

“On launch day, face unlock on the Pixel 4 and Pixel 4 XL was only supported by five apps , with a few more getting updated since last month. The latest is Bank of America’s Android client today. Release notes for version 8.3.11 of Bank of America for Android prominently mentions the “Ability to sign […]

On The Wires

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Security

Nok Nok Labs Joins Forces With BBVA to Boost the Use of Authentication on Mobile Banking Services

January 14 2020

• in
• Authentication

“Nok Nok Labs — one of the driving forces behind the new FIDO (Fast Identity Online) standard aimed at strengthening the security of biometric systems on mobile devices, today has partnered with banking leader, BBVA. The agreement is part of BBVA’s strategy to improve the security and user experience of its mobile banking services through […]

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Security

FICO Adds AI-Powered Authentication to Fight Fraud

November 6 2019

• in
• Authentication

“FICO (NYSE: FICO ), the leading provider of analytics and decision management technology, today announced that it is adding two new product families to its portfolio: FICO® Identity Proofing, which allows organizations to digitally onboard new customers without requiring in-person verification, and FICO® User Authentication, a comprehensive suite of capabilities including multifactor, biometric, and behavioral authentication. […]

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Security

TSYS Introduces Breakthrough Authentication Platform

September 12 2019

• in
• Authentication

“SYS (NYSE: TSS) today announced a new authentication product that provides unprecedented real-time verification of customer identities. The new offering, the TSYS Authentication PlatformSM, relies on customer experience data collected from direct cardholder touchpoints and integrates into TSYS clients’ existing authentication systems. TSYS Authentication Platform is available in Europe and will be launched in North […]