Payments News
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Security

Fingerprints, G+D Mobile Security Collaborate on Biometric Payment Cards

“Swedish biometrics company Fingerprint Cards has teamed up with Giesecke + Devrient (G+D) Mobile Security to deliver contactless biometric payment cards. Currently, the offering is being piloted by Crédit Agricole in France . It features Fingerprints’ T-Shape module sensor, a part of the 1300-series. The sensor, equipped with ultra-low power consumption, is designed to be […]

On The Web

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Security

Fingerprint Bets Big on Smartcards in Bid for Change of Fortunes

“Fingerprint Cards AB is predicting a big moment for payment smartcards carrying its biometric sensors as the Swedish company seeks to engineer a turnaround in its fortunes.    Fingerprint expects commercial use of the cards to start next year following successful trials by 20 banks , including Credit Agricole SA, and after Mastercard Inc. certified […]
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Security

Silicon Valley’s Final Frontier for Mobile Payments – Biometrics

“Using a mobile wallet made people likely to spend more on food, entertainment and travel, the university study found. In dollar terms, people using mobile payments spent an average of 2.4% more than those who did not use them. One theory: If we don’t handle credit cards or cash, we don’t consider a transaction’s consequences.”
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Security

Amazon May Launch a Hand Recognition Payment System for Whole Foods

“Time may come when you can walk out of a Whole Foods store without having to pay cash or to swipe your card — that is, if you’re willing to give the Amazon-owned supermarket chain your biometric data. According to New York Post , Amazon is testing a payment system codenamed “Orville” that scans human […]
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Security

NatWest Begins Biometric Credit Card Pilot

“The UK’s NatWest bank has begun a three-month pilot of a biometric credit card that enables customers to make contactless transactions of up to £100 (US$123) instead of the usual maximum value of £30 (US$37). The biometric credit cards include a built-in fingerprint sensor that the cardholder uses to verify their identity when making a […]
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Security

Apple Joins the FIDO Alliance to Help Develop and Promote Authentication Standards

“Apple joins existing members Amazon, Facebook, Microsoft, Samsung and others in a common goal to secure online connections and support the adoption of the U2F authentication standard, which the alliance hosts.Universal 2nd Factor (U2F) is an open standard that strengthens and simplifies two-factor authentication (2FA) using specialized USB or near-field communication (NFC) devices based on […]
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Security

Amazon’s Biometric Scanners: the Future of Payments?

“Development of the technology is in its early stages, but it was reported that the company has already began collaborating with Visa and Mastercard on the proposed tech. Alongside this, it has been claimed that Wells Fargo, JPMorgan Chase and Synchrony Financial have also considered their cardholder accounts being linked with the technology.”
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Security

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave

“Amazon.com Inc. AMZN +0.41% wants to make your hand your credit card. The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their hands, according to people familiar with the matter. They could then pay for purchases with their palms, without having to […]
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Security

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

“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 […]

On The Wires

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Reports

Biometrics to Secure $2.5 Trillion in Mobile Payments by 2024

“The new research, Mobile Payment Authentication & Data Security: Encryption, Tokenisation, Biometrics 2019-2024 , shows that the availability of dedicated biometric hardware will not be an obstacle to biometric usage as it will be present on an estimated 90% of smartphones by 2024. However, we expect less than 30% of these phones to be used […]