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August 9, 2022

On the web

IDEX Biometrics and Reltime to Launch Next-Generation Web3 Biometric Card

PR Newswire

“IDEX Biometrics ASA and Reltime AS are pleased to announce a strategic partnership to jointly develop and market the world’s first next-generation, Web3 biometric payment card including cold storage and digital asset wallets, combined with digital identification. This all-in-one, EMV1 compliant biometric payment card is anticipated to reach the market in the first half of 2023. The biometric solution based on IDEX Biometrics sensor technology will enable EMV compliant payments alongside Reltime’s global Web3 financial ecosystem’s unique “check-out” feature. Securing fiat and digital asset transactions with an extra, secure layer of authentication, the smart card will also include other unique features. Moreover, this secure Web3 Cold Storage Payment and ID Card will support other Web3, NFT and digital asset formats, meeting the needs of people around the world to safeguard their valuable digital assets from being stolen or lost, while securely storing them offline, without the interference of any intermediaries.”

July 15, 2022

On the web

Selfie Biometric Authentication Apps Rolled Out by India, New Zealand Governments

Biometric Update

“It is now possible for Aadhaar digital ID account holders to verify their identity using their phone when accessing some services thanks to a mobile face biometric authentication app from the Unique Identification Authority of India. The face authentication platform, called Aadhaar FaceRD, means users do not necessarily need to carry their physical cards. Their identity can be verified using the FaceRD on their smart phones, writes Mint. The FaceRD app captures faces for authentication,” according to Mint. The app was developed by the ID authority.”

June 6, 2022

On the web

Payments Platform Stripe Launches Authentication Feature


“Stripe, a financial infrastructure platform for businesses, today announced the launch of a delegated authentication feature to improve payment conversion rates in Europe. Stripe businesses can now have their customers authenticate purchases right inside a checkout flow. Wise is the first card issuer to implement the feature. As a result, cardholders will no longer be redirected to their Wise app when authenticating purchases from millions of Stripe businesses. Instead, they will be able to use any biometric authentication method supported by the device they’re on, without ever leaving the checkout flow.”

April 12, 2022

On the web

January 21, 2022

On the web

September 15, 2021

On the web

Amazon One’s Palm-scanning Tech Makes First Move Into Entertainment Venues

The Verge

“Amazon’s palm-scanning technology, Amazon One, has always been about more than just fast payments. Really, it’s about Amazon controlling and verifying identities, with the company hoping to deploy its service in public spaces like offices and stadiums. Today, Amazon announced the tech’s first launch in an entertainment venue as part of a partnership with ticketing firm AXS. Amazon One will be available to validate entry into Colorado’s famous Red Rocks Amphitheatre, an open-air venue built into a rocky outcrop. It’s the first time the technology has been deployed outside Amazon and Whole Food stores, and Amazon says it expects the tech will be added “to more AXS ticketed venues in the future.””

August 16, 2021

On the web

Amazon’s Palm Print Recognition Raises Concern Among U.S. Senators


“Three U.S. senators, including Democrat Amy Klobuchar who chairs the Senate Judiciary Committee’s antitrust panel, wrote a letter to Amazon.com Inc (AMZN.O) to express concern about its palm print recognition system, Klobuchar’s office said Friday. Amazon began rolling out biometric technology at its Whole Foods stores around Seattle in April, letting shoppers pay for items with a scan of their palm. The system, called Amazon One, lets customers link a credit card to their palm print.”

August 4, 2021

On the web

Feedzai Adds Behavioral Biometrics to Fraud Prevention Platform With Revelock Acquisition | Biometric Update

Biometric Update

Revelock has been acquired by Feedzai to integrate its advanced behavioral biometric platform into what the latter says will be the world’s largest Financial Intelligence Network (FIN) for secure cashless transactions. The integrated platform will be offered to financial institutions and merchants around the world to detect financial crime and proactively prevent it. The addition of biometrics for highly granular risk assessment boosts security while maintaining privacy and providing a fast customer experience, according to the announcement.”

August 3, 2021

On the web

Amazon Will Pay You $10 in Credit for Your Palm Print Biometrics


“How much is your palm print worth? If you ask Amazon, it’s about $10 in promotional credit if you enroll your palm prints in its checkout-free stores and link it to your Amazon account. Last year, Amazon introduced its new biometric palm print scanners, Amazon One , so customers can pay for goods in some stores by waving their palm prints over one of these scanners. By February, the company expanded its palm scanners to other Amazon grocery, book and 4-star stores across Seattle.”

July 8, 2021

On the web

Worldline Adds Handprint Biometrics for Mobile Payments

American Banker

“The payments technology provider Worldline is adding a handprint biometric digital ID to its authentication system through a partnership with the French fintech A3BC. By combining technologies with A3BC (whose name stands for Anything Anywhere Anytime Biometric Connection), Worldline seeks to protect mobile phones from intrusion through a two-factor authentication process that would include the biometrics.”

June 22, 2021

On the web

This Will Be the New BBVA Cards That Will Use Your Fingerprints


“BBVA Mexico presented its new line of Aqua credit and debit cards on Monday, which will be devoid of printed training to give its users greater security and will work with their fingerprints. These plastics, which will be offered to all users who already have a debit or credit card from the institution, will work with biometrics and will be made of sustainable material. In this way there will be no information that could put the user at risk and helps to avoid fraud.”

June 2, 2021

On the wires

Mitek Acquires ID R&D to Lead Fight Against Biometric Identity Fraud

Mitek (NASDAQ: MITK), a global leader in digital identity verification, today announced that it has acquired ID R&D , an award-winning provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection. Shareholders of ID R&D will be entitled to receive up to $49 million in Mitek stock and cash as consideration. ID R&D’s pioneering facial and voice biometric capabilities provide increased protection against today’s most sophisticated identity theft and increasingly dangerous fraud techniques, such as deepfakes and synthetic voice augmentation.”

May 10, 2021

On the web

Amazon’s Palm-reading Payment Tech Is Now Available in New York City | Engadget


“You no longer have to shop in Washington state to use Amazon’s palm-reading technology . MarketWatch reports that Amazon has introduced One to New York City, making the biometric authentication available in the Amazon Go store at 11 West 42nd Street. It functions just like it did before. Once you’ve signed up, you just need to hover your palm above a reader to enter the store and approve your purchases. You don’t have to touch a thing besides the goods you’re buying.”

April 27, 2021

On the web

‘Pay With a Glance’: Russia’s Sberbank Rolling Out Face-recognition Payments


“Russia’s biggest bank hopes shoppers will sign up for a facial recognition service that will let them pay for their groceries with just a glance. Sberbank is partnering with supermarket chain Magnit and plans to connect 100 stores in Moscow and Krasnodar to the service by June, the two companies said on Thursday. A pilot programme is already running in ten shops. As banking margins shrink, Russia’s largest lender is expanding in areas ranging from food delivery and taxi services to cloud computing and cyber security.”

April 21, 2021

On the web

Amazon Is Bringing Palm-scanning Payment System to Whole Foods Stores


Amazon is expanding its palm-scanning payment system to a Whole Foods store in Seattle, the company announced Wednesday, the first of many planned rollouts at other locations. Amazon One , which debuted in September and is currently in use at about a dozen Amazon physical stores, allows shoppers to pay for items by placing their palm over a scanning device. The first time shoppers use the kiosk, they have to insert a credit card to link it with their palm print. But after that, shoppers can pay simply by holding their hand over the kiosk.”

March 23, 2021

On the web

Jumio Raises $150M As Its All-in-one ID Authentication Platform Crosses 300M Verified Identities


“Digital identity services — used as a key link between organizations to verify that you are who you say you are online and individuals logging into those services — have come into their own in this past year. Now, one of the companies providing digital identity products is announcing a large round of funding, underscoring both the market size and its ambitions to be a central player in that space. Jumio , which has built a platform that provides a variety of digital identity tools and technology — using biometrics, machine learning, computer vision, big data, and more to run checks on ID documents, log-ins, to help prevent suspicious financial activity, identity theft and more — has closed a $150 million round of funding.”

March 11, 2021

On the web

Forget Apps, Russia’s X5 And Visa Have Launched Pay With Your Face


“X5 Retail Group, Russia’s largest food retailer, has partnered with Visa and Sber to launch what it describes as ‘pay with a glance’ biometrics at self-service checkout terminals in X5’s Perekrestok supermarkets and Pyaterochka convenience stores. And the facial recognition payment system may be expanded to some 3,000 X5-owned stores by the end of 2021.”

February 24, 2021

On the web

SMEs Can Now Use Facial Recognition to Apply for DBS Online Banking Accounts

The Straits Times

“Small and medium-sized enterprise (SME) owners now simply need to face a camera to authenticate and verify their information while setting up a corporate account online with DBS Bank. DBS said the new facial biometrics feature runs on the Government Technology Agency of Singapore’s (GovTech) SingPass Face Verification technology. Previously, business owners who qualify for straight-through processing need to manually key in their DBS digibank credentials to confirm their application, the bank said on Tuesday (Feb 23).”

January 27, 2021

On the web

November 23, 2020

On the wires

SmartMetric, Maker of Biometric Secured Credit and Debit Cards, Reports Projected $57.080 Trillion in Card Transactions by 2023 With $35.67 Billion in Card Fraud Losses

“SmartMetric, Inc. (OTCQB: SMME) reports fraud losses worldwide reached $27.85 billion in 2018 and are projected to rise to $35.67 billion in five years and $40.63 billion in 10 years according to The Nilson Report, the leading global card and mobile payments trade publication…SmartMetric has embedded a fully functional fingerprint scanner inside the standard chip-based credit and debit card. It allows the card to be locked and only able to be used following the legitimate cardholder touching the sensor on the card’s surface triggering a sub second fingerprint scan and match with the users pre-stored fingerprint stored inside the card.”

October 21, 2020

On the wires

Mastercard, IDEMIA and MatchMove Pilot Fingerprint Biometric Card in Asia to Enhance Security and Safety of Contactless Payments

“Mastercard has teamed up with IDEMIA, the global leader in Augmented Identity, and MatchMove, a Singapore-based fintech, on their first pilot in Asia of a biometric card that uses a fingerprint to authorize transactions at in-store payment terminals. The card, with the product name F.CODE Easy, takes the seamless and intuitive experience of biometric authentication from a smartphone to a smart card. It makes transactions more convenient, safe and secure by eliminating the need for a cardholder to provide a PIN number or signature, thereby reducing touch points in public places.”

September 29, 2020

On the web

Amazon One Lets You Pay with Your Palm

The Verge

“Amazon is unveiling its own palm recognition technology today that will be used initially to turn your hand into a personal credit card inside the company’s physical retail stores. Amazon One uses the palm of your hand to identify you, using a combination of surface-area details like lines and ridges, alongside vein patterns to create a “palm signature.””

September 9, 2020

On the wires

Peasypay: The European Solution for Biometric Payments by EIT Digital

“PeasyPay, a startup launched by EIT Digital, is letting people pay by just showing their faces and taking a picture of the palm of their hands. The system was first rolled out in Budapest and is currently being piloted in Guadalajara, Spain. Slovenia and the UK will follow. No wallet, smartphone or credit card needed. European customers will be able to enter a shop, choose what they want and pay without having any of the above with them.”

September 8, 2020

On the web

Banks Work with Fintechs to Counter ‘Deepfake’ Fraud

Financial Times

“Banks and fintech groups are setting up partnerships to combat the use of doctored video and audio content by fraudsters, as research shows such ‘deepfake’ crimes are the biggest worry among customers. HSBC this week became the latest bank to sign up to a biometric identification system, developed by technology firm Mitek and offered through a partnership with Adobe. It will be introduced by HSBC’s US retail banking operation to check the identities of new customers, using live images and electronic signatures. Chase, ABN Amro, Caixa Bank, Mastercard and Anna Money are among those that have incorporated Mitek’s biometric checks.”

August 13, 2020

On the web

Instagram Faces Lawsuit Over Illegal Harvesting of Biometrics

Bloomberg (paywall)

Facebook Inc. is facing new allegations that it illegally harvests the biometric data of users, this time in a lawsuit that targets the company’s photo-sharing app Instagram. Last month, the social media company offered to pay $650 million to settle a lawsuit in which it was accused of illegally collecting biometric data through a photo-tagging tool provided to Facebook users. In the new lawsuit, filed Monday in state court in Redwood City, California, the company is accused of collecting, storing and profiting from the biometric data of more than 100 million Instagram users, without their knowledge or consent.”

July 7, 2020

On the web

Google Chrome Is Working on Biometric Authentication for Payment Autofill

Android Police

“A few months ago, we spotted Chrome working on Windows Hello integration for payment autofill authentication, sparing you from digging out your physical card to enter your CVC over and over. We’ve now found out that Windows isn’t the only place where Google wants to make access to payment cards easier and more tightly integrated. The company is also working on system-wide authentication for Android (and possibly Chrome OS, Linux, and macOS). Sadly, the feature isn’t fully live on any iteration of Chrome for Android yet.”

February 11, 2020

On the web

Apple Joins the FIDO Alliance to Help Develop and Promote Authentication Standards

Mac Rumors

“Apple joins existing members Amazon, Facebook, Microsoft, Samsung and others in a common goal to secure online connections and support the adoption of the U2F authentication standard, which the alliance hosts.Universal 2nd Factor (U2F) is an open standard that strengthens and simplifies two-factor authentication (2FA) using specialized USB or near-field communication (NFC) devices based on similar security technology found in smart cards. U2F security keys can be used as an additional method of two-step verification in online services that support the U2F protocol, such as Google, Dropbox, and Facebook.”

January 28, 2020

On the web

Amazon’s Biometric Scanners: the Future of Payments?

Fintech Magazine

“Development of the technology is in its early stages, but it was reported that the company has already began collaborating with Visa and Mastercard on the proposed tech. Alongside this, it has been claimed that Wells Fargo, JPMorgan Chase and Synchrony Financial have also considered their cardholder accounts being linked with the technology.”

January 21, 2020

On the web

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave

Wall Street Journal

Amazon.com Inc. AMZN +0.41% wants to make your hand your credit card. The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their hands, according to people familiar with the matter. They could then pay for purchases with their palms, without having to pull out a card or phone. The company plans to pitch the terminals to coffee shops, fast-food restaurants and other merchants that do lots of repeat business with their customers, according to some of the people. Amazon declined to comment.”

December 16, 2019

On the web

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

FinTech Futures

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds to ten or less. “As financial cooperatives, credit unions are more inclined to work together than their bank counterparts in order to best serve their members’ needs,” said John Ainsworth, president and CEO of CULedger.”

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