Mobile commerce is among the most active area of Mobile ID technology. Authorizing point of sale (POS) or online payments by phone with biometrics is well on track to becoming commonplace, with major global payment networks focused on integrating Mobile ID with their financial initiatives. Major technology companies like Apple, Samsung and Google all have a stake in mCommerce too, each with their respective mobile wallets, two of which rely on smartphone mounted fingerprint sensors.
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Banking also factors into the mCommerce landscape, though its applications carry a higher risk profile, making the rollout of Mobile ID in this realm slightly slower in terms of pace. That said, new initiatives undertaken by prominent banks, international industry organizations and biometric technology developers are beginning to demonstrate how Mobile ID can make smart phone banking a secure and convenient reality.
Read on to meet the leading providers of Commerce solutions.
Iris ID Systems Inc., formerly a division of LG Electronics USA known as LG IRIS, has been active in iris recognition research, development and production since 1997. Today U.S.-based Iris ID Systems is a global player in the iris recognition business. IrisAccess™ is the world’s leading deployed iris recognition platform, used in thousands of locations authenticating the identities of millions of people. More people look to IrisAccess for iris-based authentication than to all other iris recognition products combined. To find out more, visit www.irisid.com or www.lgiris.com
BioCatch is a cybersecurity company that delivers behavioral biometrics, analyzing human-device interactions to protect users and data. Banks and other enterprises use BioCatch to reduce online fraud and protect against a variety of cyber threats, without compromising the user experience.
Crossmatch® solutions solve security and identity management challenges for hundreds of millions of users around the world. Our proven DigitalPersona® composite authentication software is designed to provide the optimal set of authentication factors to meet today’s unique risk requirements and afford complete enterprise authentication coverage. Crossmatch identity management solutions include trusted biometric identity management hardware and software that deliver the highest quality and performance required for critical applications. Our solutions support the financial, retail, commercial, government, law enforcement and military markets. With 300 employees and customers in more than 80 countries, Crossmatch sets the standard for innovation and reliability. Learn more: Crossmatch.com
IDEMIA is the global leader in Augmented Identity for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment. Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.
FacePhi is a global leader in Facial Recognition technology. With a strong concentration in the financial sector, our product is rapidly becoming a service used by banks all over the world. Our technology enhances the client experience effortlessly by simply using the camera on their smartphone to take a selfie; this then becomes their method of identification and interaction with the bank’s mobile application.
FaceTec provides the most secure and highest-rated Liveness Detection and 3D Face Matching biometric AI, enabling true secure password-less authentication from any device. FaceTec’s software is deployed via device SDKs and a server SDK to provide a complete authentication platform with the customers’ user data encrypted behind their own firewall. With a patented UI and developer tools that easily integrate into any app or web page, hundreds of organizations on six continents use FaceTec’s AI to authenticate millions of users and provide new account onboarding and ongoing access to banks, financial and government institutions, telecoms, ecommerce, insurance, and more.
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