Payments News » Biometrics

BBVA Launches Facial Recognition Payments

June 25 2018

“In the latest development, testing has begun on a facial recognition system based on technology from the start-up Veridas, a joint venture of BBVA and Das-Nano in 2017. Guillermo Sánchez, who heads the project for BBVA’s global payments team, says: “It’s fast, secure, and will fundamentally change the ways people pay for goods and services […]

Companies

Future Apple Biometric Security May Include Scanning Veins In A User’s Face

May 16 2018

“The U.S. Patent and Trademark Office published a patent on Tuesday called “Vein imaging using detection of pulsed radiation,” granted to Apple. First applied for on November 12, 2015, the patent describes the use of an infrared emitter and a receiver that can detect blood vessel patterns below the surface of the skin.”

Global

National Bank Of Kuwait And Mastercard Make GCC Debut Of Pioneering Biometric Solutions

May 15 2018

“Answering the market’s growing demand for increased convenience and security associated with biometric technology, National Bank of Kuwait and Mastercard announced two pioneering biometric solutions designed to improve online and in-store shopping at a press conference held at NBK Head.”

Security

Nok Nok. Who’s There? OneSpan

June 29 2018

“Security and esignature company OneSpan (formerly known as Vasco) has teamed with authentication firm Nok Nok Labs, one of the founding organisations of the FIDO Alliance, reports Julie Muhn at Finovate. Under the deal, OneSpan and Nok Nok will launch a joint solution that combines OneSpan’s Mobile Security Suite with Nok Nok’s S3 Authentication Suite, a set of tools that help companies comply with FIDO standards by […]

Companies

Mastercard Is In Talks With UK Banks About Launching Cards With Fingerprint Scanners

July 9 2018

“Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace the use of passwords and speed-up the process of making payments online and contactless transactions in-store.”

Market Reports

Passwords Are Dying Faster at Home Than at Work: Study

September 6 2018

“The survey found a significant difference in authentication preferences between workplace and personal settings: At work, 56 percent of respondents expressed a preference for password-based authentication, whereas that number dropped to 45 percent in personal settings. Biometric authentication, meanwhile, was preferred by 30 percent of respondents when it comes to access online accounts or making […]

Security

Finnish firm trials face payments

September 20 2018

“The users participating in the pilot can currently use facial recognition when paying for lunch. “The initial feedback has been very encouraging. The employees have been surprised how convenient the method is and how smoothly the new checkout works. Unlike with, say, mobile payments, customers don’t have to get their wallet or smartphone out to complete […]

Security

Consumers still not sold on biometrics payments security

August 9 2018

in
Biometrics

“Sixty-one percent of consumers feel that providing companies with their fingerprint and iris information put their personal identity information at risk, according to “Vital Insights into Biometric Payments Adoption,” a report from Transaction Network Services.”

Market Reports

Study: Consumers Unsure About Biometric Payments

August 3 2018

in
Biometrics

“Vital Insights into Biometric Payments Adoption, an independent report commissioned by TNS Inc., reveals that 15 percent of adults have made a biometric payment in the last year, including one-fourth of adults age18–24. “We are delighted to see that biometric payments are being tested by consumers, however, a staggering 61 percent felt that providing companies with […]

Security

Kount Bolsters Authentication With Latest Version Of Passive Behavioral Biometrics

May 15 2018

“Kount, a leading innovator of solutions for fraud and risk management, today announced the integration of the latest version of BehavioSec’s behavioral biometrics technology BehavioSense into Kount’s comprehensive fraud management products, Kount Complete™ and Kount Access”