Fiserv solution makes customer authentication VeriFast

June 16, 2016

Fiserv Inc, a provider of fintech solutions, has introduced Verifast: Palm Authentication, a solution designed to help financial institutions mitigate fraud…

Intellicheck secures patent for fingerprint authentication process

June 14, 2016

Intellicheck Mobilisa Inc, a provider of authentication, verification and validation technology solutions, has been awarded a U.S. patent governing a…

Nigeria implements biotech to halt fraud in bank, government sectors

March 14, 2016

A nationwide biometric ID system nationwide has helped secure bank customers' accounts — and clean up public service employee roles to the tune of nearly $12M…

Pair of South Korean FIs to pilot iris recognition at ATMs

December 18, 2015

Woori Bank and the Industrial Bank of Korea have announced two separate initiatives using the biometric technology to enhance transaction security.

Hitachi, ITCL team for 'massive' biotech rollout in Bangladesh

November 2, 2015

Information Technology Consultants Ltd. of Bangladesh says it will deploy 'tens of thousands' of finger vein authentication devices at ATM and POS terminals.

Absa ATMs to trial EMV chip-based biometrics

September 17, 2015

The FI will pilot a new spec from Visa designed to integrate palm, voice, iris and facial biometrics with the EMV chip industry standard.

SmartMetric touts EMV card with fingerprint reader

September 11, 2015

The card's smart chip will not work unless it matches the owner's fingerprint, making it useless if lost or stolen, the company says.

Report: Biometric device shipments for financial industry to total 212M units by 2024

August 26, 2015

Tractica anticipates that finance biometrics hardware and software revenue will increase from $126 million in 2015 to $2.2 billion in 2024.

First Tech, MasterCard pilot puts selfies to the test

August 21, 2015

'Selfie Pay' will test the use of facial recognition and fingerprint ID for online credit and debit card purchases transacted via smartphone.

No sunglasses, no hats — and definitely, no balaclavas

August 21, 2015

As South Korea prepares to roll out facial recognition software on ATMs, users of the machines are being advised to be recognizable.

Biometrics: The key to secure, convenient ATM transactions

There are no longer valid technical reasons why we should continue to expose ourselves to crime through the use of dated security systems and practices.

Facial recognition market to see CAGR of 9.5 pct through 2022

August 14, 2015

According to a new report, the value of the facial recognition market will more than double within the next several years.

Taiwanese bank takes a look at facial recognition for ATMs

August 11, 2015

In a pilot test, CTBC Bank is assessing the technology as a potential replacement for ATM cards and PINs.

The PIN is passé; biometric is BIG

It's not just about mobile payments — ATM transactions and POS payments rely on the PIN, but could easily adapt to biometric authentication.

Study: Biometric services now a priority for FIs

July 9, 2015

Nearly 90 percent of banks surveyed said they offer — or are planning to offer — biometric services for customer authentication and transaction approval.

Study: Banks will buy into biometrics by 2020

June 30, 2015

The use of bio ID for ATM access will increase in regions where it is now deployed and will take root in places where the PIN is dominant today, a new report…

Chinese collaboration produces facial ID ATM for commercial use

June 2, 2015

The technology works alongside current PIN identification to add an extra layer of security to the ATM transaction, a report says.

Digital Insight incorporates Touch ID into mobile banking apps

May 21, 2015

Initially FIs will be able to offer the technology to mobile banking accountholders who use iPhone 5s (running iOS 8 or higher), iPhone 6 or iPhone 6 Plus…

Sri Lanka intros pension plan ATMs

May 7, 2015

Employee Provident Fund participants can see their balance and ascertain whether their employer has made required deposits.

UK bank hopes to get to the heart of secure authentication

March 18, 2015

​The Halifax is testing the Nymi Band, a wearable device that authenticates its owner using an electrocardiogram.