A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
September 20, 2018
On the web
Finnish firm trials face payments
Planet Biometrics
“The users participating in the pilot can currently use facial recognition when paying for lunch. “The initial feedback has been very encouraging. The employees have been surprised how convenient the method is and how smoothly the new checkout works. Unlike with, say, mobile payments, customers don’t have to get their wallet or smartphone out to complete the transaction. Through the pilot, we can assess when the technology could be ready for rollout to the general public”, says Nummela. “
September 6, 2018
On the web
Passwords Are Dying Faster at Home Than at Work: Study
Mobile ID World
“The survey found a significant difference in authentication preferences between workplace and personal settings: At work, 56 percent of respondents expressed a preference for password-based authentication, whereas that number dropped to 45 percent in personal settings. Biometric authentication, meanwhile, was preferred by 30 percent of respondents when it comes to access online accounts or making digital purchases, whereas only 15 percent preferred biometric authentication at work.”
August 9, 2018
On the web
Consumers still not sold on biometrics payments security
Chain Store Age
“Sixty-one percent of consumers feel that providing companies with their fingerprint and iris information put their personal identity information at risk, according to “Vital Insights into Biometric Payments Adoption,” a report from Transaction Network Services.”
August 3, 2018
On the web
Study: Consumers Unsure About Biometric Payments
Mobile Payments Today
“Vital Insights into Biometric Payments Adoption, an independent report commissioned by TNS Inc., reveals that 15 percent of adults have made a biometric payment in the last year, including one-fourth of adults age18–24. “We are delighted to see that biometric payments are being tested by consumers, however, a staggering 61 percent felt that providing companies with their fingerprint and iris information put their personal identity information at risk,” Mark Collins, managing director of the TNS fintech solutions business EMEA, said in a press release. “The industry needs to take measures to both ensure the security of this sensitive information and to convey to consumers what protections are in place.””
July 9, 2018
Top Post
Mastercard Is In Talks With UK Banks About Launching Cards With Fingerprint Scanners
CNBC
“Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace the use of passwords and speed-up the process of making payments online and contactless transactions in-store.”
June 29, 2018
On the web
Nok Nok. Who’s There? OneSpan
BankingTech
“Security and esignature company OneSpan (formerly known as Vasco) has teamed with authentication firm Nok Nok Labs, one of the founding organisations of the FIDO Alliance, reports Julie Muhn at Finovate. Under the deal, OneSpan and Nok Nok will launch a joint solution that combines OneSpan’s Mobile Security Suite with Nok Nok’s S3 Authentication Suite, a set of tools that help companies comply with FIDO standards by leveraging multi factor biometric authentication technology.”
June 25, 2018
On the web
BBVA Launches Facial Recognition Payments
BankingTech
“In the latest development, testing has begun on a facial recognition system based on technology from the start-up Veridas, a joint venture of BBVA and Das-Nano in 2017. Guillermo Sánchez, who heads the project for BBVA’s global payments team, says: “It’s fast, secure, and will fundamentally change the ways people pay for goods and services – literally taking things at face value.” Customers in the bank’s restaurants have to smile (“or not, depending on their mood”) at a camera booth next to the cash registers, and provided they have registered, the system identifies them and automatically bills the customer for the purchase.”
May 16, 2018
On the web
Future Apple Biometric Security May Include Scanning Veins In A User’s Face
AppleInsider
“The U.S. Patent and Trademark Office published a patent on Tuesday called “Vein imaging using detection of pulsed radiation,” granted to Apple. First applied for on November 12, 2015, the patent describes the use of an infrared emitter and a receiver that can detect blood vessel patterns below the surface of the skin.”
May 15, 2018
On the web
National Bank Of Kuwait And Mastercard Make GCC Debut Of Pioneering Biometric Solutions
Zawya
“Answering the market’s growing demand for increased convenience and security associated with biometric technology, National Bank of Kuwait and Mastercard announced two pioneering biometric solutions designed to improve online and in-store shopping at a press conference held at NBK Head.”
On the wires
Kount Bolsters Authentication With Latest Version Of Passive Behavioral Biometrics
“Kount, a leading innovator of solutions for fraud and risk management, today announced the integration of the latest version of BehavioSec’s behavioral biometrics technology BehavioSense into Kount’s comprehensive fraud management products, Kount Complete™ and Kount Access”
May 3, 2018
On the wires
Mastercard Pioneers Remote Biometric Card Enrollment
“Mastercard today unveiled a technology advancement for its biometric cards. With biometrics representing the next generation in securing payments, Mastercard developed a way for people to easily and conveniently register their fingerprint onto the biometric card in the comfort of their home.”
May 2, 2018
On the wires
GlobalPlatform Secures Biometric Authentication & Enriches Trusted User Interaction
“GlobalPlatform, the standard for secure digital services and devices, has extended the functionality of its Trusted User Interface (Trusted UI) APIs. Service providers and application developers now have a direct path to provide users with a richer and safer authentication experience and, importantly, to offer trusted biometric authentication that is secured in the hardware of the device’s Trusted Execution Environment (TEE).”
April 24, 2018
On the wires
Pay with the touch of a finger
“Nets, the digital payments specialist, has launched testing of finger vein payments in Denmark. Now, students and visitors at Copenhagen Business School (CBS) can leave their cash, cards and smartphones behind and buy lunch using just their finger. Paying with your finger is a new, faster and safer way of making payments that works by scanning the structure of veins in customers’ fingers. In collaboration with CBS, Smart Payments and Fingopay, Nets has installed finger scanners at the check-outs in the business school cafeteria. Anyone with a Dankort, the Danish domestic card scheme, can enrol in the system and link the unique pattern of veins in their finger to their account.”
April 23, 2018
On the web
Viewpoint: The pitfalls of India’s biometric ID scheme
BBC
“More than a billion Indians now have the biometric-based 12-digit personal identification number called Aadhaar, which means foundation in Hindi. What started as a voluntary programme to tackle benefit fraud has now grown into the world’s most ambitious, and controversial, digital identity programme. Mishi Choudhary writes on why most advanced countries are not adopting similar identification programmes.”
April 17, 2018
On the web
Zwipe, Gemalto, areeba create Visa’s First Biometric Payment Card in the Middle East
PC Magazine
“Gemalto has partnered up with biometric technology company Zwipe and the Middle Eastern financial and payment technology company areeba, along with Unilux Cards on Visa’s first battery-less dual interface biometric payment card in the Middle East.”
April 13, 2018
On the web
Chinese man caught by facial recognition at pop concert
BBC
“This is not the first time Chinese police have used facial recognition systems to catch suspects. In August last year, police in Shandong province arrested 25 suspects using a facial recognition system that was set up at the Qingdao International Beer Festival. China is a world leader in facial recognition technology and regularly reminds its citizens that such equipment will make it almost impossible to evade the authorities.”
April 10, 2018
On the web
Alibaba Invests in Chinese Facial-Recognition Startup
Wall Street Journal (Paywall)
“The funding values Beijing-based SenseTime at more than $4.5 billion, according to a person familiar with the company. It also underscores Alibaba’s move into businesses that use artificial intelligence, the technology that underpins facial recognition. Alibaba affiliate Ant Financial Services Group has developed a mobile-payment system based on facial recognition, and Alibaba is also using AI to develop so-called smart cities where technology is used to dispatch police, speed traffic flow and regulate other public services.”
March 29, 2018
On the web
Aadhaar’s benefits for financial inclusion
Livemint
“The public interest litigations (PILs) filed before the Supreme Court against compulsory linking of Aadhaar to bank accounts raise issues about the right to privacy, concerns of being treated on par with money launderers, and the right to be not deprived of property as a result of blocking of bank accounts. “
March 6, 2018
Top Post
AT&T, Sprint, T-Mobile and Verizon unveil next-generation mobile authentication platform details
“This highly secure solution will deliver a cryptographically verified phone number and profile data for users of authorized applications with their consent. Authentication security is strengthened by processing unique attributes such as a network verified mobile number, IP address, SIM card attributes, phone number tenure, phone account type and more. In addition, advanced analytics and machine learning capabilities will be used to help assess risk and protect customers.”
February 1, 2018
On the web
Facebook acquires biometric ID verification startup Confirm.io
TechCrunch
“The startup offered an API that let other companies quickly verify someone’s government-issued identification card, like a driver’s license, was authentic. The Boston-based startup will shut down as both its team and technology are rolled into Facebook, where it could help users who are locked out of their accounts.”
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.