Financial

More Than Time: Three Major Applications For Wearable Tech

More Than Time: Three Major Applications For Wearable Tech

The Apple Watch is only weeks away from release and this week brought with it the device’s first wave of reviews and a heightened level of anticipation. While the release of Apple’s wearable is an exciting prospect for iPhone owners, it is also an event that will be carefully scrutinized by the company’s competitors. For…

Digital Insights Helps Credit Union Pioneer Smartwatch Banking

Digital Insights Helps Credit Union Pioneer Smartwatch Banking

NCR subsidiary Digital Insight has developed a Wright-Patt Credit Union app that is compatible with Android smartwatches. The app uses biometric authentication to let users access their financial services on Android Wear devices. The new app automatically syncs to the user’s Android Wear devices. After that, logging on the smartwatch is done via voice command.…

Biometric Innovation Boosts USAA Fiscal Results, Customer Satisfaction

Biometric Innovation Boosts USAA Fiscal Results, Customer Satisfaction

Biometric mobile authentication is paying off for USAA. Or, at least, it looks like it’s helping: The military-focused financial services company has announced strong financial results in its 2014 annual report. In a synopsis, the company credited its strong performance – which saw its net worth increasing by ten percent, reaching $27 billion – at…

Early Warning To Acquire Authentify

Early Warning To Acquire Authentify

Risk management and fraud prevention company Early Warning has announced that it is buying Authentify, Inc. The companies have signed a definitive agreement to that end, and the deal is set to close in the immediate future. Early Warning is expecting the acquisition to have a major payoff in enhancing its platform of digital channel…

Interview: Adam Weiner of Booz Allen

Interview with Adam Weiner, Principal, Strategic Innovation Group RPPI (Rapid Prototype and Platform Integration Group), Booz Allen Recently, Booz Allen released its mobile forensics device, the VAMPIRE, which uses biometric technology – including Sherlock fingerprint sensors from Integrated Biometrics – to aid in crime scene field operations. Mobile ID World president Peter O’Neill, had a chance…

FIS Launches Digital Innovation Lab in Silicon Valley

FIS Launches Digital Innovation Lab in Silicon Valley

Financial services technology provider FIS has announced the opening of a new Digital Innovation Lab in San Francisco. This is the fourth of the company’s Innovation Labs, the first three having popped up in Bangkok, London, and New York City. The company has its eye on what it calls a “seismic shift” currently taking place…

MasterCard To Host Panel at Cartes America

MasterCard To Host Panel at Cartes America

Today, Cartes Secure Connexions America announced the keynote lineup of its upcoming fourth iteration, held May 5 through 7 in Washington, DC. This year’s event will focus on a number of important topics in mobile identity including mPayment technology, EMV integration and digital currency. The keynotes announced today run Tuesday, Wednesday and Thursday of the event and…

New Study Looks at Customer Authentication Practices and Pitfalls

New Study Looks at Customer Authentication Practices and Pitfalls

Market research and industry analysis firm Hypatia Research Group has launched a new report on customer identity authentication. The paper, entitled “Customer Identity Authentication: A Practitioner’s Guide to Best Practices in Avoiding Identity Theft, Fraud & Risk”, is forty pages long and features ten figures to help illustrate its findings on the reasons companies employ…

News Roundup: Expanding Ideas of Mobility

News Roundup: Expanding Ideas of Mobility

This week in mobile ID news we saw a plethora of new reports, research and reasons to celebrate biometrics and mobility. Fingerprints continued to be a fixture in the industry news, as was mobile commerce and the Internet of Things. We also reported on cloud authentication and new  happenings in the world of wearables. Here…

BIO-key on the Upswing, Posts Financial Update

BIO-key on the Upswing, Posts Financial Update

Today,BIO-key International announced its fourth quarter and full-year 2014 results, just as promised. The results indicate encouraging trends and strong revenue growth. The company’s Q4 revenues were 191 percent higher than those from Q4 last year, while it full-year revenues were 102 percent higher, at $4,005,856, compared to last year’s revenues. Much of the company’s revenues…

Apple Pay Wins Over Another Bank

Apple Pay Wins Over Another Bank

Another bank has begun supporting Apple Pay, according to a Buffalo Business First article by Allissa Kline. Keybank N.A., in Buffalo, New York, has announced that its customers can use their iPhone 6 devices to make mobile payments. Keybank N.A. is the third-largest bank in Western New York, according to Kline, and it’s also the…

ImageWare Announces Financial Results with Optimistic Outlook

ImageWare Announces Financial Results with Optimistic Outlook

ImageWare Systems, Inc. has released its fourth quarter and full-year 2014 financial results. On their face, the results are mixed, but there are positive signs for the future. Fourth quarter revenues were up against those of last year, at $1.2 million and $928,000 respectively. But net loss was larger too, at $1.9 million for the quarter…

New Frost & Sullivan Report Urges Innovation in Cybersecurity

New Frost & Sullivan Report Urges Innovation in Cybersecurity

Major growth consultancy firm Frost & Sullivan has released a new report highlighting the increasing need for innovation in cybersecurity. The report, entitled “Impact of Cybersecurity Innovations in Key Sectors (Technical Insights)”, points to relatively new technological security solutions like those offered via biometrics. What compels the need for these new security solutions? The fact…

Security System Routes Caller Authentication Through Mobile Devices

Security System Routes Caller Authentication Through Mobile Devices

A new multi-factor authentication system could be a major tool in protecting call centers from fraud. The system, made by Authentify, is called Authentify xFA SecureCallCenter, and is an SDK aimed primarily at financial institutions for integration with their mobile apps. Essentially, the system routes caller authentication through the caller’s mobile device. The customer must…

Afghani Government Workers to be Paid Via Biometrics

Afghani Government Workers to be Paid Via Biometrics

Afghani government employees are going to start receiving their salaries via mobile devices, the country’s first mobile operator has announced. The Afghan Wireless Communication Company (AWCC) has embarked on the initiative in a partnership with Maiwand Bank, New Kabul Bank, and the Government of Afghanistan’s Ministry of Finance. The new platform is called MyMoney, and…

MasterCard to Bring Biometric Security to Silicon Valley Credit Union

MasterCard to Bring Biometric Security to Silicon Valley Credit Union

MasterCard is diving deeper into biometric security with a new credit union partnership, according to a Credit Union Times article by Roy Urrico. The company has teamed up with Silicon Valley’s First Tech Federal Credit Union. Commenting on the new partnership, First Tech VP Terry Rodrick said that biometric technology “may seem very James Bond-like…

MWC 2015: Nymi Called The Future of Payment

MWC 2015: Nymi Called The Future of Payment

Today during Mobile World Congress in Barcelona, Spain, Jeremy Bornstein, head of payments innovation at Royal Bank of Canada, took the stage during a panel titled “Navigating The Mobile Contactless Payments Landscape” and proclaimed that biometric wearables are the future of mCommerce. “This one pictured is Nymi,” said Bornstein, showing a slide of the Nymi…

FIDO Lauds Government Embrace of Strong Authentication Systems

FIDO Lauds Government Embrace of Strong Authentication Systems

Governments are now recognizing the importance of strong, secure authentication in the digital world, writes FIDO Alliance Vice President Ramesh Kesanupalli in a post on the FIDO Alliance website. Kesanupalli praises the Obama administration for organizing the recent Cybersecurity and Consumer Protection Summit, and for coming out strongly in favor of stronger authentication. An afternoon…

Prestigio to Include Intel Security True Key in Mobile Devices

Prestigio to Include Intel Security True Key in Mobile Devices

Consumer electronics developer Prestigio has announced that it’s going to be one of the first mobile device makers to integrate Intel Security’s True Key application for products rolling out across the EMEA market. The company is going to debut the app on its Android smartphones and tablets in Russia. True Key is a security platform…

MWC 2015: New Cyberphone Offers “Military-Grade Security”

MWC 2015: New Cyberphone Offers “Military-Grade Security”

A new high-security line of smartphones has been unveiled at this year’s Mobile World Congress. The Cyberphone line of mobile devices comes by way of digital security firm 1DataWorld, Inc., and Macate Group Corporation, a tech company specializing in security and communication software and hardware. The first model, 1DW LF1, will hit the market in…

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