Financial

INTERVIEW: NEXT Biometrics CEO Ritu Favre

Mobile ID World President Peter O’Neill recently had the opportunity to speak with Ritu Favre, CEO of NEXT Biometrics. The conversation starts with a review of her first year as the company’s leader and her major accomplishments in the role. The conversation moves on to the major security benefits of NEXT’s large area sensors and…

Financial Services Industry Veteran Joins BioCatch Board of Directors

Financial Services Industry Veteran Joins BioCatch Board of Directors

“Jay’s interest in joining BioCatch is a validation of the significant market potential for digital identity solutions like ours that enhance online security without disrupting the user experience.” – Howard Edelstein, BioCatch Chairman and CEO Behavioral biometrics specialist BioCatch has announced a new appointment to its board of directors: former JPMorgan Chase senior investor Jay Mandelbaum.…

ImageWare Sales Update Highlights Partners’ Success

ImageWare Sales Update Highlights Partners’ Success

“…ImageWare says its biggest partner had sealed a deal with a Canadian financial institution, which will also take advantage of ImageWare’s biometric technology for employee authentication.” ImageWare says its sales strategy is starting to pay off, insisting that it is building momentum in a new ‘sales update’. The company says that three of its partners…

PSD2 Will Give Rise to Biometric Payments, says Mastercard

PSD2 Will Give Rise to Biometric Payments, says Mastercard

Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…

Cryptocurrency Payment Card Protected by FPC Biometrics

Cryptocurrency Payment Card Protected by FPC Biometrics

“…the integration is another example of FPC’s ongoing efforts to diversify its business pursuits beyond the saturated mobile market in which it is a well-established player.” Fingerprint Cards‘ fingerprint sensor technology is being used to secure a new cryptocurrency payment card from Hong Kong-based MeReal Biometrics. In terms of its design, the “UKey” is very…

Small Merchants, Digitization to Drive mPOS Growth: Report

Small Merchants, Digitization to Drive mPOS Growth: Report

Mobile Point of Sale (mPOS) terminals are going to see huge growth over the next several years, and a small chunk of them are going to be biometric, according to a new market forecast from Juniper Research. The firm predicts that by 2023, almost one in four POS transactions will be on mobile POS devices.…

JCB Extends Apple Pay Support Beyond Japan

JCB Extends Apple Pay Support Beyond Japan

“The move comes soon after JCB enabled Google Pay in its home country, reflecting the company’s growing interest in novel payment technologies.” Japanese credit card company JCB is now supporting Apple Pay in Taiwan, the company has announced. JCB’s support in Taiwan comes in partnership with E.SUN Bank and Union Bank of Taiwan, with Taiwan…

Goode Intelligence Predicts Serious Growth for Biometrics in Banking

Goode Intelligence Predicts Serious Growth for Biometrics in Banking

Goode Intelligence is predicting some serious growth for biometric technology in the banking sector. In a new report entitled “Biometrics for Banking: Market & Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition,” the market research firm predicts that by the end of 2020, 1.9 billion bank customers around the world will be using…

Daon and Tradelink Deploy Password Replacement for Dah Sing Bank

Daon and Tradelink Deploy Password Replacement for Dah Sing Bank

“Our partnership with Tradelink continues to make a significant impact in the financial and banking industry throughout Hong Kong.” – Tom Grissen, CEO, Daon Daon is celebrating another successful deployment of its biometric authentication solution in collaboration with its Hong Kong partner, Tradelink. The companies have developed a password replacement solution for customers of Dah…

Apple Pay Lets Concertgoers Order Drinks from the Dance Floor

Apple Pay Lets Concertgoers Order Drinks from the Dance Floor

Apple may have found a new venue for the promotion of its biometric mobile payment platform: concerts. The company trialed a new order-ahead system at the recent BottleRock music festival near San Francisco, allowing Apple Pay users to order a drink from a concession stand, pay for it, and then just walk up and grab…

FIDO and EMVCo Expand 3DS Collaboration

FIDO and EMVCo Expand 3DS Collaboration

The FIDO Alliance and EMVCo are deepening their partnership, announcing that they are going to collaborate together on refining standards concerning the transmission of FIDO authentication data through EMV 3-D Secure (or “3DS”) messages. The aim is to make this process “scalable and interoperable across the EMV payments ecosystem,” according to a statement from the…

Money20/20 Europe: Gemalto Reports Success of Mobile ID Project in Belgium

Money20/20 Europe: Gemalto Reports Success of Mobile ID Project in Belgium

“…Itsme is designed to let citizens sign up with biometric registration, and to then connect with government services online for things like tax payments and accessing pension subsidies, perform online banking, and access services from their MNOs.” Gemalto is taking the opportunity of this week’s Money20/20 Europe event to celebrate its success with a mobile…

Starbucks Leads mPayments Market: Report

Starbucks Leads mPayments Market: Report

Starbucks, of all companies, is leading the mobile payments race, beating out Apple Pay, Google Pay, and Samsung Pay, according to a new market report from eMarketer. The market research firm estimates that this year about 23.4 million people aged 14 and over will use the Starbucks app for an in-store purchase at least once…

Fingerprint Cards Receives New Orders For T-Shape Fingerprint Sensor Module

Fingerprint Cards Receives New Orders For T-Shape Fingerprint Sensor Module

“This is a minor volume, but an important milestone for us, and shows that we are on the right track towards commercializing our smartcard offer.” – Thomas Rex, SVP Business Line Smartcards, Fingerprint Cards Fingerprint Cards has received orders for its T-Shape fingerprint sensor module from “two major global card manufacturers,” the company has announced.…

Fingerprint Cards Wins Over Another New Biometric Payment Cards Partner

Fingerprint Cards Wins Over Another New Biometric Payment Cards Partner

“Card Tech will use FPC’s T-Shape sensor module in a forthcoming dual interface card for contact-based and contactless transactions.” Fingerprint Cards (FPC) has won over another new partner in its bid for marketshare in the emerging biometric payment cards space. The company has teamed up with Italian biometric smart cards specialist Card Tech. Card Tech…

INTERVIEW: Bruce Hanson, CEO, Credence ID

INTERVIEW: Bruce Hanson, CEO, Credence ID

Interview with Bruce Hanson, CEO, Credence ID Mobile ID World President Peter O’Neill recently spoke with Bruce Hanson, CEO of Credence ID. Credence has had quite a year so far, with new product launches, major recognition and deployments all across the globe in a range of vertical markets. The following interview begins with a look…

Mini Fingerprint Scanner Aims to Extend Healthcare in Developing World

Mini Fingerprint Scanner Aims to Extend Healthcare in Developing World

A team of British postgraduate researchers have designed a miniature fingerprint scanner for use in healthcare in the developing world, according to a Reuters report. The researchers have dubbed the device Simprints, and are working with NGOs to test different models as they prepare for pilot testing next January in Bangladesh. The core function of the Simprints…

MasterCard Emphasizes Importance of Biometrics, Tokenization

MasterCard Emphasizes Importance of Biometrics, Tokenization

MasterCard has been speaking about its digital securitization efforts at this year’s Risk to Reward conference in London, according to a Business Reporter article by Joanne Frearson. To that end, the company says it’s developing fingerprint and facial biometric systems. “The future is moving towards biometrics,” said Ajay Bhalla, MasterCard’s president of enterprise security solutions.…

Strong Growth for Voice Biometrics, Smart Car Integrations

Strong Growth for Voice Biometrics, Smart Car Integrations

Analysis from TechNavio predicts strong growth for the voice recognition market over the next few years. Entitled “Global Voice Recognition Market 2015-2019”, the new market study predicts growth of 9.4 percent CAGR for the forecast period. The report cites an increasing interest in biometric technology in general as a major market driver, and also points to the healthcare…

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