Payments News

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Security

Is Facial-Recognition Technology Hurting Apple Pay?

“Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could be making it even harder […]
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Security

In a year of data breaches, India’s massive biometric programme finally found legitimacy

“Having enrolled over 1.22 billion Indians till November, the project saw several breaches and multiple accounts of data leaks being reported this year, intensifying fears about its security. There was even an instance of a senior official, out to prove a point about Aadhaar’s security, being left red-faced. The project also had a tragic side to it as several reports of starvation deaths […]
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Security

New Biometric Privacy Platform to shield Aaadhaar data

“Biometric Privacy Platform includes privacy and consumer-choice layer on top of Aadhaar online and offline authentication modes. Devices that have integrated BPP and its authentication modalities allow user interaction to make dynamic choices at the time of each authentication event. BPP’s QR Code offline authentication capability is fully compliant with the Aadhaar act, current Supreme […]
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Security

Fintech Disruptor Chooses Manchester for Global Launch

“The award-winning technology, using Hitachi VeinID scanning, has been hailed as a game changer for payments. It removes the need for cash, cards and mobile, and has been described as the fastest and safest payment method on the market with no need for PIN or passwords and no transaction limits. Unlike other biometrics such as […]
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Security

NatWest Unveils Biometric Payment System for Businesses

“In an announcement Tuesday, the bank said the system enabled its customers to make payments, via an app, using Apple’s Face ID or Touch ID. Once a customer registers a device, they set up and give approval for a payment using biometric authentication. They then enter a six-digit code to complete the transaction.”

On The Wires

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Security

Fintech and Blockchain Pioneers Team Up to Bring DLT Security to Voice Banking

“When ConnectFSS began implementing the FIVE Voice Banking Platform for clients, president Grant Parry saw an opportunity to combine FIVE with work being done on CULedger’s MyCUID digital credential solution. Now, the consortium is working on a new way for members to authenticate during their voice banking transactions, utilizing the security benefits offered by MyCUID’s […]
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Security

Nok Nok Labs announces biometric authentication deployment for mobile clients

“Nok Nok Labs, a leader in next-generation authentication and co-author of multiple FIDO (Fast IDentity Online) authentication standards, today announced the commercial deployment of the award-winning Nok Nok™ S3 Authentication Suite (Nok Nok™ S3 Suite) for SoftBank Corp (“SoftBank”). SoftBank’s over ten million mobile subscribers now have the ability to use biometrics for authentication through the mobile application […]
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Security

Sberbank and Azbuka Vkusa perfect fingerprint payment service

“Thanks to cooperation between Sberbank and Azbuka Vkusa, Russian residents can pay for shopping using their fingerprint at all AV supermarkets that are equipped with biometric POS terminals, regardless of where they signed up for this service. Previously clients could only use fingerprint payment at the supermarket where they registered their biometric details.”
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Security

Mastercard and Edenred Bank Announce First Biometric Card

“Mastercard (NYSE: MA) and Edenred (PA: EDEN) today announced the first regional test of biometric card technology in Mexico. The effort, focused on state benefits programs, features an embedded fingerprint sensor that provides an additional layer of security to conveniently verify the cardholder’s identity for in-store purchases. “The Administration for Sonora state is committed to […]