Financial

No Touching: Fingerprint Cards Not Acquired By Samsung – Trade Suspended, Legal Action To be Taken

Earlier this morning press releases were distributed promoting the false information that Korean technology and mobile giant Samsung had purchased Fingerprint Cards AB (FPC) for $65 million are being called bogus by both parties. Though said errant documents stayed available online for some time after the corrections started to distribute, all copies of the initial…

Security Awareness: Over Half of Mobile Users Are Ready For Biometric Authentication

Security Awareness: Over Half of Mobile Users Are Ready For Biometric Authentication

Proper education is extremely important when it comes to new technology, and with October officially National Cyber Security Awareness Month (NCSAM) it only seems appropriate to focus on a very hot and in many cases misunderstood aspect of online identity: biometrics. PayPal and the National Cyber Security Alliance released the results to a Zogby Poll…

Money2020: Tyfone’s Connected Smart Card Technology Piloted by CoVantage

Money2020: Tyfone’s Connected Smart Card Technology Piloted by CoVantage

This week’s major emerging financial industry event, Money2020, is officially over until next year. During the event, one of the many innovative mobile financial solutions on display was the Connected Smart Card (CSC): a payment security solution from Tyfone. CSC is currently being piloted by CoVantage Credit Union to provide additional security to customer passwords…

Money2020: Arroweye Launches EMV On-Demand, Helps Issuers Manage Transition To The Standard

Money2020: Arroweye Launches EMV On-Demand, Helps Issuers Manage Transition To The Standard

The EMV standard, an initiative started by payment networks Europay, MasterCard and Visa, is the reason that your credit and debit cards have security chips on them. Until a similar standard is reached for smartphone enabled payments, this stands as the largest innovation in non-cash payments on a mass consumer level. Even though EMV chip…

mCommerce Gains Popularity, Fingerprint Cards Gains Wireless Patents, and FIDO Gains a Member – Industry News Roundup: Sept 30 – Oct 4

This week in mobile identity was all about payment protection. This should come as no surprise with Tuesday’s news that Android devices will be sporting built-in fingerprint sensors in six months. The ETA comes courtesy of USA Today, who in an interview with FIDO President Michael Barrett got that nifty tidbit of information while reporting…

BREAKING – MasterCard Joins the FIDO Alliance

BREAKING – MasterCard Joins the FIDO Alliance

USA Today has just reported that MasterCard is joining the authentication standards focused organization: the Fast Identity Online (FIDO) Alliance. This will mark the first major payment network to join the FIDO, signalling momentum in the area of strong zero-password authentication for online payment protection. Yesterday in an unrelated piece about identity standards, Michael Barrett, president…

Android Devices To Feature Fingerprint Sensors in Six Months – Time To Talk Protocol

Android Devices To Feature Fingerprint Sensors in Six Months – Time To Talk Protocol

It is all happening very quickly. The mobile revolution is upon us. Two weeks ago Apple unveiled the iPhone 5S, and with it Touch ID, catapulting biometrics into the minds of mainstream consumers. Fingerprint sensors were no longer a thing of science fiction to the everyday person, they were a very real and inevitable pocket-sized…

Smartphones as Credentials, Invisible Authentication Factors, and Why Not To Give Up on Fingerprints – Industry News Roundup: September 23-27

Smartphones as Credentials, Invisible Authentication Factors, and Why Not To Give Up on Fingerprints – Industry News Roundup: September 23-27

Mobility is continuing to find footholds in interesting ways thanks to BYOD and near field communications (NFC) this week, with continued promises of smartphone-as-credential technology. Last week it was Suprema operating partner Entertec, this week is was Ingersoll Rand working closely with Iris ID (formerly LG Iris). On Monday Ingersoll Rand announced aptiQmobile, a cloud…

Invisible Authentication Factors For Use in mCommerce

Invisible Authentication Factors For Use in mCommerce

Spending money should be two things: easy and secure. The more friction that exists between a customer and the end of her transaction, the more reasons she has to look for another solution to her problem, or to reconsider purchasing all together. At the same time, as easy as payment or financial transfer should be,…

Biometric BYOD Deployment From SutiSoft

Biometric BYOD Deployment From SutiSoft

Thanks to Apple’s Touch ID for iPhone 5S and the resulting press surrounding it, mobility and biometrics are entering a period of renewed interest now that the maker of Mac has given their complicated relationship a shot in the arm. Fingerprint Cards AB went on record with exactly how rejuvenated it thinks this relationship has…

Secure Gamer Identity – New Three Factor Mobile ID Security Provisional Patent Filed By LaserLock

Identity authentication solutions provider LaserLock Technologies has filed a provisional patent for a consumer grade multi-factor security system that offers password-less protection of online accounts through a user’s smartphone or tablet. The patent is titled “System For Correlation of Independent Authentication Mechanisms” and according to LaserLock will have specially potent applications in the world of…

Mobile Payment Security, Why PINs Don’t Work and The Biometric Solution: An Interview With Jean-Noel Georges

This past July Frost & Sullivan released a market insight report detailing the largest obstacle in the way of a mobile payment revolution: inadequate security. Thanks to the growing popularity of smartphones and tablets there has been a significant increase in payments made via mobile device. However, the various authentication processes in place for card-not-present…

Mobile Attendance Systems Ensure Students Are Where They Should Be

Putting your hand up in class is about to take on a whole new meaning now that ePortation is leveraging Fujitsu PalmSecure technology as a new, fully mobile time and attendance system for students. MyKidSecure aims to do away with the tokens and miscellany that inevitably become lost and become both a financial liability and…

Interview with John Hinmon, Senior Vice President, Marketing, Cross Match Technologies, Inc.

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fB: What is the hottest growth area for Cross Match right now?

CM: Well clearly I think as I look back on your ten year anniversary/year in review issue, mobile really is a hot area for us. We are going to be launching the new SEEK Avenger this year, which is the next handheld in the SEEK family of multimodal biometric handhelds. We view the mobile market place and space as a strategic opportunity for the business.

fB: I couldn’t  agree more. It’s pretty exciting to see all of this activity start to really grow across a number of different verticals from health care to law enforcement, payments, financial. Mobile will really impact so many different areas.

CM: Very true and with the SEEK Avenger we really are looking at a number of market segments for that product beyond just the traditional defence or military application of the product.   We see a logical cross over into remote border applications where it can help expand the effectiveness of the agents in the field; those in remote or transmission/communication compromised situations; as well as law enforcement or special operations law enforcement –  I am thinking about crisis response teams or disaster recovery efforts

Interview with Jaimin Shah, CEO, ZKTeco, US Headquarter

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Our focus is having a totally integrated solution within our Time & Attendance, Access Control and IP cameras with face detection and identification. To give you an example, at ISC you will see our fully integrated access control solution where you match your fingerprint on the panel. We will also present our IP based video surveillance solution that is capable of detecting and identifying face which can be integrated with our access control offering. We also have an SDK available so that our partners can integrate our products with any third party solution. We will also display our newly designed modular 7” touch screen workforce terminal at ISC.
So those are the 4 different areas that we are focused in providing a complete integrated solution. This will do lot of justice to our partners’ channels who have helped us all along during our growth and will help them to make more money and provide more services for their customers…

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