Payments News

On The Web

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Security

Payments Platform Stripe Launches Authentication Feature

“Stripe, a financial infrastructure platform for businesses, today announced the launch of a delegated authentication feature to improve payment conversion rates in Europe. Stripe businesses can now have their customers authenticate purchases right inside a checkout flow. Wise is the first card issuer to implement the feature. As a result, cardholders will no longer be […]
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Security

IRS Will Require Facial Recognition Scans to Access Your Taxes Online

“In a statement to Gizmodo, an IRS spokesperson said users can still receive basic information from the IRS website without logging in, but added they would need to sign in through ID.me to make and view payments, access tax records, view or create payment plans, manage communications preference, or view tax professional authorizations.”
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Security

Amazon One’s Palm-scanning Tech Makes First Move Into Entertainment Venues

“Amazon’s palm-scanning technology, Amazon One, has always been about more than just fast payments. Really, it’s about Amazon controlling and verifying identities, with the company hoping to deploy its service in public spaces like offices and stadiums. Today, Amazon announced the tech’s first launch in an entertainment venue as part of a partnership with ticketing […]
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Security

Amazon’s Palm Print Recognition Raises Concern Among U.S. Senators

“Three U.S. senators, including Democrat Amy Klobuchar who chairs the Senate Judiciary Committee’s antitrust panel, wrote a letter to Amazon.com Inc (AMZN.O) to express concern about its palm print recognition system, Klobuchar’s office said Friday. Amazon began rolling out biometric technology at its Whole Foods stores around Seattle in April, letting shoppers pay for items […]
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Deals

Feedzai Adds Behavioral Biometrics to Fraud Prevention Platform With Revelock Acquisition | Biometric Update

“Revelock has been acquired by Feedzai to integrate its advanced behavioral biometric platform into what the latter says will be the world’s largest Financial Intelligence Network (FIN) for secure cashless transactions. The integrated platform will be offered to financial institutions and merchants around the world to detect financial crime and proactively prevent it. The addition […]
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Security

Amazon Will Pay You $10 in Credit for Your Palm Print Biometrics

“How much is your palm print worth? If you ask Amazon, it’s about $10 in promotional credit if you enroll your palm prints in its checkout-free stores and link it to your Amazon account. Last year, Amazon introduced its new biometric palm print scanners, Amazon One , so customers can pay for goods in some […]
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Security

Worldline Adds Handprint Biometrics for Mobile Payments

“The payments technology provider Worldline is adding a handprint biometric digital ID to its authentication system through a partnership with the French fintech A3BC. By combining technologies with A3BC (whose name stands for Anything Anywhere Anytime Biometric Connection), Worldline seeks to protect mobile phones from intrusion through a two-factor authentication process that would include the […]
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Security

This Will Be the New BBVA Cards That Will Use Your Fingerprints

“BBVA Mexico presented its new line of Aqua credit and debit cards on Monday, which will be devoid of printed training to give its users greater security and will work with their fingerprints. These plastics, which will be offered to all users who already have a debit or credit card from the institution, will work […]

On The Wires

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Deals

Mitek Acquires ID R&D to Lead Fight Against Biometric Identity Fraud

“Mitek (NASDAQ: MITK), a global leader in digital identity verification, today announced that it has acquired ID R&D , an award-winning provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection. Shareholders of ID R&D will be entitled to receive up to $49 million in Mitek stock and cash as consideration. ID R&D’s […]