UK bank NatWest announced last week that it is beginning a trial, which will involve 250 customers and last for 3 months, of a biometric-enabled key fob that uses an individual’s fingerprint to make contactless payments. “After the successful pilot of our biometric debit card we are looking at how we can further develop the…
Muxi and Fortress Identity have teamed up to create a new naked payments solution that blends face and voice recognition technology. Dubbed muxiPAY, the platform identifies the customer with a facial recognition scan as they approach the checkout counter, and then asks them to say a passphrase out loud to confirm their purchases with voice…
The 2020 Tokyo Olympics and Paralympics are just a year away, and as the Olympic Games’ Worldwide Payment Technology Partner, Visa is once again gearing up to promote cutting-edge payments technologies among attendees and even participants. Working with its partners, the financial services giant promoted the use of wearable payment devices – including a wristband…
This year’s Money20/20 is about to get underway, and FindBiometrics is planning to help deliver some big insights for attendees, with President and CEO Peter O’Neill to moderate two high-profile panels during the event. The first, entitled “AI & Biometrics Superheroes, Fighting Fraud Together“, will delve into the increasingly important role of artificial intelligence in…
Just in time for this year’s Money20/20 event in Las Vegas, Goode Intelligence has issued a new report on the growing prominence of biometric technology in payments, entitled, “Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition”. Much of the report’s analysis concerns the same trends outlined in FindBiometrics’…
” Unlike other nascent naked payments technologies aimed at directly linking consumers’ biometric data to their payment accounts, Hitachi’s system revolved around coupons, allowing participants to dispense with the actual paper, and helping merchants to ensure that coupon use is accurately tracked and accounted for.” Hitachi and Japanese telecom KDDI have conducted a trial of…
Biometrics and other innovative methods of authentication will be a key topic at the July Member Meeting of the U.S. Payments Forum, a non-profit cross-industry alliance that encompasses the whole payments ecosystem. Organizers have announced the agenda for this year’s event, and it’s going to kick off with a plenary panel entitled, “Next Generation Consumer…
