Payments News

On The Web

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Security

Forget Apps, Russia’s X5 And Visa Have Launched Pay With Your Face

“X5 Retail Group, Russia’s largest food retailer, has partnered with Visa and Sber to launch what it describes as ‘pay with a glance’ biometrics at self-service checkout terminals in X5’s Perekrestok supermarkets and Pyaterochka convenience stores. And the facial recognition payment system may be expanded to some 3,000 X5-owned stores by the end of 2021.”
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Global

SMEs Can Now Use Facial Recognition to Apply for DBS Online Banking Accounts

“Small and medium-sized enterprise (SME) owners now simply need to face a camera to authenticate and verify their information while setting up a corporate account online with DBS Bank. DBS said the new facial biometrics feature runs on the Government Technology Agency of Singapore’s (GovTech) SingPass Face Verification technology. Previously, business owners who qualify for […]
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Security

BNP Paribas to Offer Biometric Payment Cards to Premier Card Customers

“BNP Paribas Visa Premier card customers will soon have the option of upgrading to a biometric payment card for an additional fee of €24 (US$29) a year, the French bank has revealed. The biometric card is equipped with a sensor that enables users to authenticate payments of any amount with their fingerprint rather than a […]
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Security

Amazon One Lets You Pay with Your Palm

“Amazon is unveiling its own palm recognition technology today that will be used initially to turn your hand into a personal credit card inside the company’s physical retail stores. Amazon One uses the palm of your hand to identify you, using a combination of surface-area details like lines and ridges, alongside vein patterns to create […]
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Security

Banks Work with Fintechs to Counter ‘Deepfake’ Fraud

“Banks and fintech groups are setting up partnerships to combat the use of doctored video and audio content by fraudsters, as research shows such ‘deepfake’ crimes are the biggest worry among customers. HSBC this week became the latest bank to sign up to a biometric identification system, developed by technology firm Mitek and offered through […]
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Security

Instagram Faces Lawsuit Over Illegal Harvesting of Biometrics

“Facebook Inc. is facing new allegations that it illegally harvests the biometric data of users, this time in a lawsuit that targets the company’s photo-sharing app Instagram. Last month, the social media company offered to pay $650 million to settle a lawsuit in which it was accused of illegally collecting biometric data through a photo-tagging […]

On The Wires

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Security

SmartMetric, Maker of Biometric Secured Credit and Debit Cards, Reports Projected $57.080 Trillion in Card Transactions by 2023 With $35.67 Billion in Card Fraud Losses

“SmartMetric, Inc. (OTCQB: SMME) reports fraud losses worldwide reached $27.85 billion in 2018 and are projected to rise to $35.67 billion in five years and $40.63 billion in 10 years according to The Nilson Report, the leading global card and mobile payments trade publication…SmartMetric has embedded a fully functional fingerprint scanner inside the standard chip-based […]
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Companies

Mastercard, IDEMIA and MatchMove Pilot Fingerprint Biometric Card in Asia to Enhance Security and Safety of Contactless Payments

“Mastercard has teamed up with IDEMIA, the global leader in Augmented Identity, and MatchMove, a Singapore-based fintech, on their first pilot in Asia of a biometric card that uses a fingerprint to authorize transactions at in-store payment terminals. The card, with the product name F.CODE Easy, takes the seamless and intuitive experience of biometric authentication […]
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Security

Peasypay: The European Solution for Biometric Payments by EIT Digital

“PeasyPay, a startup launched by EIT Digital, is letting people pay by just showing their faces and taking a picture of the palm of their hands. The system was first rolled out in Budapest and is currently being piloted in Guadalajara, Spain. Slovenia and the UK will follow. No wallet, smartphone or credit card needed. […]