Biometrics

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/Biometrics

SocGen looks to shore up risk controls with biometric access system

Société Générale is to implement biometric access controls for dealing personnel after an internal investigation into the EUR5bn rogue trading scandal found major weaknesses in its supervision, security and control procedures.

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ISO promotes biometric banking standard

The International Organisation for Standardisation (ISO) has published a new standard that stipulates the security requirements for the implementation and management of biometric authentication technology within the financial services industry.

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Verifone eyes Pay By Touch

Troubled eftpos vendor Verifone is looking to acquire the assets of Pay By Touch, the California-based biometric authentication firm currently facing bankruptcy.

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Hitachi and JCB team for biometric payments system

Electronics giant Hitachi is teaming with Japanese card issuer JCB to develop a biometric payment system based on its finger vein authentication technology that can be used as an alternative to cards and cash at the point of sale.

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Andhra Bank rolls out biometric ATMs

India's Andhra Bank is targeting unbanked customers in the country with the introduction of two mobile biometric cash machines that utilise fingerprint scanning technology to verify customers and will be transported to various locations.

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Chinese banks get together to tackle online banking fraud

Sixteen banks and the China Financial Certification Association are working together on anti-fraud mechanisms to improve security for online banking customers.

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India's AGT Electronics to trial Linux-based biometric cash dispenser

Indian ATM and eftpos terminal manufacturer AGT Electronics is gearing up to launch a trial of its newly-developed Linux-based touch screen cash dispenser featuring biometric verification technology.

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Experian to offer biometric authentication

Experian is partnering with Pennsylvania-based VoiceVerified to supply a combined data-based ID verification and voice biometric authentication service.

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Shinkin rolls out Hitachi vein authentication technology in New York

Japan's Shinkin Central Bank has installed an access control system based on Hitachi's finger vein authentication technology at its New York branch, in what is the first implementation of the technology in the US.

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ING to use fingerprint technology to secure dealing room

Dutch financial services group ING is to use biometric fingerprint technology to control dealer access to workstations on its trading floors.

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UK and US consumers ready for biometrics, says Unisys

The majority of consumers in the UK and the US believe financial services firms should adopt biometric authentication technology to combat identity theft and protect their personal data, according to research released by Unisys.

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US consumers want biometric payment cards, study shows

Over half of US customers support the addition of biometric authentication information to credit and debit payment cards, acccording to a study commissioned by online security firm Truste and conducted by market information group TNS.

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Citibank Singapore rolls out biometric card payment service

Citibank Singapore is using fingerprint authentication technology from San Francisco-based Pay By Touch to launch a cardless payment service for credit card transactions.

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Pay By Touch introduces online biometric authentication service

US-based Pay By Touch has introduced an online biometric authentication service that utilises fingerprint scanning technology to verify PC users.

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Diebold releases branch-based fingerprint scanning system

US-based Diebold is releasing a biometric fingerprint scanning system designed to enable banks to authenticate the identity of customers at the branch counter.

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ABN Amro deploys voice verification system

Dutch banking group ABN Amro is rolling out a voice verification system designed to identify customers over the phone without the need for passwords and PIN codes.

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Banco Bradesco trials Fujitsu palm vein authentication technology

Brazil's Banco Bradesco, the largest private bank in Latin America, is to begin using Fujitsu's PalmSecure biometric authentication application to verify customers using its ATMs.

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Co-op customers give Pay By Touch system the thumbs up

A survey by the UK's Co-operative Supermarket has found that the majority of shoppers feel that Pay By Touch's fingerprint authentication technology - which is currently being trialled by the retailer - is more secure and convenient than the chip and PIN system.

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Europeans willing to switch banks for biometric authentication

Over half of banking customers across Europe would be willing to switch their accounts to financial institutions that offer biometric authentication services, according to a study conducted by Vanson Bourne and commissioned by LogicaCMG

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ICICI Bank deploys SecuGen fingerprint scanning kit to authenticate network users

India's ICICI Bank has installed fingerprint scanning technology from SecuGen which it is using to authenticate network users at its treasury operations.