Payments News

On The Web

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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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Risk & Fraud

2019 Data Breach Forecast Predicts Biometric Hacking

“It’s a timely warning in the wake of recent academic research suggesting that a number of fingerprint authentication systems could effectively be spoofed by AI-generated fingerprintsthat emulate highly common fingerprint features. Even highly sophisticated biometric authentication systems such as Apple’s 3D facial recognition system have been proven vulnerable to more elaborate hacking efforts. But effective countermeasures are always […]
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Security

Facial Recognition Goes Mainstream, Drawing Concerns

“Facial technology can now be found in more schools and retail stores to help identify people who may pose a security risk. Some stores are also using facial recognition in an attempt to determine shopper sentiment, giving retailers the opportunity to adjust their sales pitch. One company in Israel claims its software can flag potential […]
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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 […]

On The Wires

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Security

Mastercard accredits FIME for biometric evaluation services

“FIME has been accredited by Mastercard to deliver biometric authentication testing services for fingerprint in line with its new guidelines for mobile device sensors. The testing evaluation program enables mobile, wearable and sensor manufacturers to test the performance and accuracy of mobile fingerprint sensors.”
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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

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

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 […]