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December 3, 2019

On the wires

Biometrics to Secure $2.5 Trillion in Mobile Payments by 2024

“The new research, Mobile Payment Authentication & Data Security: Encryption, Tokenisation, Biometrics 2019-2024 , shows that the availability of dedicated biometric hardware will not be an obstacle to biometric usage as it will be present on an estimated 90% of smartphones by 2024. However, we expect less than 30% of these phones to be used to authenticate contactless payments, thanks to the presence of contactless cards.”

October 7, 2019

On the web

NatWest Begins Biometric Credit Card Pilot

NFC World

“The UK’s NatWest bank has begun a three-month pilot of a biometric credit card that enables customers to make contactless transactions of up to £100 (US$123) instead of the usual maximum value of £30 (US$37). The biometric credit cards include a built-in fingerprint sensor that the cardholder uses to verify their identity when making a transaction. The trial follows a biometric debit card pilot run by the bank earlier this year . NatWest is piloting the technology with 150 customers, in partnership with Mastercard and Gemalto.”

September 16, 2019

On the web

Fingerprint Bets Big on Smartcards in Bid for Change of Fortunes


“Fingerprint Cards AB is predicting a big moment for payment smartcards carrying its biometric sensors as the Swedish company seeks to engineer a turnaround in its fortunes.    Fingerprint expects commercial use of the cards to start next year following successful trials by 20 banks , including Credit Agricole SA, and after Mastercard Inc. certified related biometric technology developed by a partner in July. Worldwide production of the cards for banking and access control is set to double, offering “enormous potential,” said Fingerprint Chief Executive Officer Christian Fredrikson.”

September 9, 2019

On the web

September 4, 2019

On the web

Amazon May Launch a Hand Recognition Payment System for Whole Foods


“Time may come when you can walk out of a Whole Foods store without having to pay cash or to swipe your card — that is, if you’re willing to give the Amazon-owned supermarket chain your biometric data. According to New York Post , Amazon is testing a payment system codenamed “Orville” that scans human hands to ring up purchases. The e-commerce giant is reportedly using its New York employees as guinea pigs by installing the system on a handful of vending machines selling chips, sodas and phone chargers in its offices.”

July 18, 2019

June 19, 2019

On the wires

May 22, 2019

On the web

Why Paying With Your Palm Could Be the New Way to Shop


“Paying for your shopping could be about to get even simpler thanks to new technology from Fujitsu. The Japanese giant has shown off new biometric payment technology that will do away the need not just for cash at the checkout, but possibly debit or credit cards as well. Instead, Fujitsu’s “palm vein” system will use in-depth scans of your hand to authenticate payments, meaning there’s no need to juggle different bags or payment methods at the till.”

May 7, 2019

On the wires

Mastercard and Edenred Bank Announce First Biometric Card

“Mastercard (NYSE: MA) and Edenred (PA: EDEN) today announced the first regional test of biometric card technology in Mexico. The effort, focused on state benefits programs, features an embedded fingerprint sensor that provides an additional layer of security to conveniently verify the cardholder’s identity for in-store purchases. “The Administration for Sonora state is committed to technological innovation and the introduction of the biometric card for social benefits programs reflects this commitment. Our beneficiaries will experience greater security when receiving and using their benefit, since the cardholder’s identity is protected and only the owner of the card can use it” said Manuel Puebla Espinoza de los Monteros, Secretary of Social Development in Sonora (SEDESSON).”

April 18, 2019

On the web

NatWest Unveils Biometric Payment System for Businesses


“In an announcement Tuesday, the bank said the system enabled its customers to make payments, via an app, using Apple’s Face ID or Touch ID. Once a customer registers a device, they set up and give approval for a payment using biometric authentication. They then enter a six-digit code to complete the transaction.”

April 1, 2019

On the web

Fintech Disruptor Chooses Manchester for Global Launch

Invest in Manchester

“The award-winning technology, using Hitachi VeinID scanning, has been hailed as a game changer for payments. It removes the need for cash, cards and mobile, and has been described as the fastest and safest payment method on the market with no need for PIN or passwords and no transaction limits. Unlike other biometrics such as fingerprints, finger vein patterns leave no trace and cannot be stolen or copied, resulting in one of the most secure methods of payment or ID.”

March 14, 2019

On the wires

Fintech and Blockchain Pioneers Team Up to Bring DLT Security to Voice Banking

“When ConnectFSS began implementing the FIVE Voice Banking Platform for clients, president Grant Parry saw an opportunity to combine FIVE with work being done on CULedger’s MyCUID digital credential solution. Now, the consortium is working on a new way for members to authenticate during their voice banking transactions, utilizing the security benefits offered by MyCUID’s DLT-based self-sovereign identity platform.”

January 22, 2019

On the web

New Biometric Privacy Platform to shield Aaadhaar data

The Hans India

“Biometric Privacy Platform includes privacy and consumer-choice layer on top of Aadhaar online and offline authentication modes. Devices that have integrated BPP and its authentication modalities allow user interaction to make dynamic choices at the time of each authentication event. BPP’s QR Code offline authentication capability is fully compliant with the Aadhaar act, current Supreme Court rulings, UIDAI requirements and other government policies.”

January 18, 2019

On the wires

Sberbank and Azbuka Vkusa perfect fingerprint payment service

“Thanks to cooperation between Sberbank and Azbuka Vkusa, Russian residents can pay for shopping using their fingerprint at all AV supermarkets that are equipped with biometric POS terminals, regardless of where they signed up for this service. Previously clients could only use fingerprint payment at the supermarket where they registered their biometric details.”

January 9, 2019

On the wires

Nok Nok Labs announces biometric authentication deployment for mobile clients

Nok Nok Labs, a leader in next-generation authentication and co-author of multiple FIDO (Fast IDentity Online) authentication standards, today announced the commercial deployment of the award-winning Nok Nok™ S3 Authentication Suite (Nok Nok™ S3 Suite) for SoftBank Corp (“SoftBank”). SoftBank’s over ten million mobile subscribers now have the ability to use biometrics for authentication through the mobile application “My SoftBank Plus”.”

January 2, 2019

On the web

In a year of data breaches, India’s massive biometric programme finally found legitimacy


“Having enrolled over 1.22 billion Indians till November, the project saw several breaches and multiple accounts of data leaks being reported this year, intensifying fears about its security. There was even an instance of a senior official, out to prove a point about Aadhaar’s security, being left red-faced. The project also had a tragic side to it as several reports of starvation deaths across the country were traced back to the ID programme’s faulty implementation.”

December 17, 2018

On the web

Bye bye credit cards, hello paying by eyeball: The future of spending your money

The Journal

“Dr Laura Bradley, banking expert and lecturer at Ulster University, says the likes of iris, fingerprint and facial scanning technology is about to change how we pay for everyday items even further. But will we be getting our eyeballs scanned to pay for a coffee, probably not. “We already have facial recognition and fingerprint identification on Apple and Samsung devices, and the technology is there to support using your mobile for payments. But I think the way biometrics will be used is to access the device, then through the device you access your credit card.”

December 12, 2018

On the web

Is Facial-Recognition Technology Hurting Apple Pay?

Digital Transactions News

“Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could be making it even harder for Apple Pay to win mass consumer acceptance. The problem appears to be most acute in physical-store settings, where critics say the process required on the new iPhones to get to the wallet and unlock payment is now more cumbersome with Face ID, Apple’s new authentication technology. Indeed, some say the technology falls short all too often.”

December 7, 2018

On the web

2019 Data Breach Forecast Predicts Biometric Hacking

Mobile ID World

“It’s a timely warning in the wake of recent academic research suggesting that a number of fingerprint authentication systems could effectively be spoofed by AI-generated fingerprintsthat emulate highly common fingerprint features. Even highly sophisticated biometric authentication systems such as Apple’s 3D facial recognition system have been proven vulnerable to more elaborate hacking efforts. But effective countermeasures are always emerging, with sophisticated liveness detection systems helping to thwart presentation attacks.”

November 19, 2018

On the web

Facial Recognition Goes Mainstream, Drawing Concerns

Wall Street Journal (paywall)

“Facial technology can now be found in more schools and retail stores to help identify people who may pose a security risk. Some stores are also using facial recognition in an attempt to determine shopper sentiment, giving retailers the opportunity to adjust their sales pitch. One company in Israel claims its software can flag potential terrorists by scanning facial features and expressions alone.”

On the wires

November 13, 2018

On the web

October 30, 2018

On the web

October 26, 2018

On the web

October 23, 2018

On the web

Bank of Montreal Brings Biometric Mobile Authentication to Commercial and Corporate Clients

Mobile ID World

“Bank of Montreal (or “BMO”) has delivered the new authentication system to its BMO Online Banking for Business platform, and on its newly launched BMO Banking for Business Mobile App. Implemented in collaboration with IBM Canada, the security system is designed to leverage multiple biometric factors, including face, fingerprint, eye, and voice, for end user authentication.”

October 9, 2018

On the web

Pointing the Finger at Biometric Card Misconceptions

Mastercard blog

“Now biometric cards are being added to the payment mix. With these cards, you can use your thumbprint as an alternative to a PIN or signature at the same in-store chip or contactless terminals you use every day. Mastercard developed the biometric card, combining chip technology with fingerprints to conveniently and safely verify cardholder identity for in-store purchases. Introduced in 2017, the Mastercard biometric card has been piloted in Africa, Europe and the Middle East with additional countries being added this year.”

October 2, 2018

On the web

UIDAI asks telecom firms to submit plan to discontinue Aadhaar-based e-KYC

Live Mint

“The Unique Identification Authority of India (UIDAI) has asked telecom companies to submit a detailed plan within the next 15 days on discontinuation of Aadhaar-based authentication service used by them to verify their customer. A circular to this effect has already been issued to the telecom service providers (TSPs) including Bharti Airtel Ltd, Reliance Jio Infocomm Ltd and Vodafone Idea Ltd.”

October 1, 2018

On the web

Aadhaar verdict brings India’s banks back to square one


“Then, on Sept. 26, a five-judge bench struck down section 57 of the Aadhaar Act, which allowed corporate entities or even individuals to demand the unique Aadhaar number in exchange for goods or services. While customers are rejoicing, banks are reeling under the blow, having already spent a fortune and considerable time and effort in collecting customers’ data. Now they have to revert to the pre-Aadhaar system.”

September 28, 2018

On the web

In Boarding New Accounts And Reducing Abandonment, Biometrics May Be Nearing the Mainstream

Digital Transactions News

“On biometric authentication, “The biggest comment we learned from payments customers is it has helped with abandonment,” says Daon’s Bourke. Prospects for the increased use of biometric authentication are positive. Over the next five years, Juniper Research predicts the estimated number of users of the technology will increase from 429 million today to more than 1.5 billion.”

September 27, 2018

On the web

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