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

Why Paying With Your Palm Could Be the New Way to Shop

“Paying for your shopping could be about to get even simpler thanks to new technology from Fujitsu. The Japanese giant has shown off new biometric payment technology that will do away the need not just for cash at the checkout, but possibly debit or credit cards as well. Instead, Fujitsu’s “palm vein” system will use […]
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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

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

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

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 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

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 […]