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Financial Services

Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

 

Fraud prevention from Incognia now supports 7 Delivery Hero brands globally

Location identity specialists Incognia has announced a fresh partnership with Delivery Hero SE, the German multinational online food ordering and…

 

EUDI Wallet crucial for the financial sector, Visa exec tells Money20/20

As a trusted means of identity verification, the European Digital Identity (EUDI) Wallet is a “present on a silver platter”…

 

Businesses fight identity fraud surge with misplaced confidence, lack of insight

A new report examining identity fraud trends across Europe reveals a disconnect between business confidence and the actual scale of…

 

iProov uncovers global cybercriminal operation ‘Grey Nickel’

Biometric identity company iProov says it has uncovered live operations of a cybercrime operation that has infiltrated financial institutions worldwide….

 

Mastercard halfway to Europe’s ecommerce transformation with passkeys, tokenization

Visa and Mastercard, the payments giants bestriding the globe, are pushing biometrics, tokenization and Click to Pay. Their vision is…

 

Palm and face biometrics in competition as retail payment modalities of choice

Palm biometrics is gaining ground with companies planning implementations in Europe, the Middle East and Asia. While fingerprints and face…

 

ID-Pal launches reusable KYC solution at Money20/20

ID-Pal has launched ID-Pal Once, a reusable KYC solution. Unveiling the product at Money20/20 in Amsterdam, Netherlands, ID-Pal has built…

 

Microblink extends selfie biometrics for CNP fraud as consumers seek secure ecommerce

Microblink has become the only digital identity verification vendor to provide comprehensive Card-Not-Present fraud protection within an end-to-end identity orchestration…

 

Visa ‘Checkout Friction Report’ shows strong demand for biometrics and one-click checkout

The simpler it is to pay, the more likely it is customers will buy. While that might not sound too…

 

Vietnam police catch ring using biometric face spoof to launder $39M

Vietnam is adapting its rules for online account security as the country leans into digital transformation for government and business,…

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