Latest Biometrics News: Finextra Research

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

22 May 2006

News/Biometrics

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.

15 May 2006

News/Biometrics

Banco Azteca registers eight million customers for fingerprint authentication

Mexico's Banco Azteca has implemented a fingerprint-based authentication system from California-based Digital Persona which has enabled it to register millions of customers that previously didn't have a bank account.

23 March 2006

News/Biometrics

IBC deploys Saflink fingerprint scanning to authenticate network users

Texas-based International Bank of Commerce (IBC) is implementing fingerprint scanning technology from Saflink Corporation which it will use to authenticate the identity of 3200 staff across its branch locations.

22 March 2006

News/Biometrics

Al Rajhi Bank signs for Diebold biometric ATMs

Saudi Arabia's Al Rajhi Bank has contracted with Diebold for the supply and implementation of 82 biometric ATMs which will be used to distribute monthly retirement payments at social security offices across the Kingdom.

20 March 2006

News/Biometrics

UK Co-op scans fingerprints for shopper payments

The Co-operative Supermarket chain in the UK is testing new fingerprint scanning technology from California's Pay by Touch as an alternative to card and cash payments at the check-out.

08 March 2006

News/Biometrics

Sumitomo Mitsui adopts Hitachi's vein authentication technology for ATMs

Sumitomo Mitsui Banking Corporation (SMBC) is deploying Hitachi's finger vein authentication technology as the user ID system for ATMs located in am/pm convenience stores throughout Japan.

03 March 2006

News/Biometrics

Pay By Touch raises $60m

US biometric authentication firm Pay By Touch has raised more than $60 million in new financing.

26 January 2006

News/Biometrics

Pay by Touch to acquire rival BioPay

Biometric authentication firm Pay By Touch has signed a definitive agreement to acquire rival company BioPay in a cash and stock deal worth $82 million.

07 December 2005

News/Biometrics

Biometric authentication will calm ID theft fears - IBM

Almost half of US consumers (49%) feel that the introduction of fingerprint IDs at the point of sale would help alleviate their fears of fraud and identity theft, according to a survey commissioned by IBM.

18 November 2005

News/Biometrics

Web banking customers willing to pay for extra security

More than a third of Internet banking users are prepared to pay extra for increased security protection, according to a worldwide survey published by Unisys, and biometrics is the preferred method of authentication.

11 November 2005

News/Biometrics

Digital Persona signs three credit unions to fingerprint authentication technology

California biometric technology outfit Digital Persona has signed Oklahoma-based Allegiance Credit Union, Oregon-based Advantis Credit Union and Southern California's Telesis Community Credit Union to its fingerprint-based authentication system.

10 November 2005

News/Biometrics

Pay By Touch to acquire CardSystems Solutions

US biometric authentication vendor Pay By Touch has signed an agreement to acquire substantially all of the assets of CardSystems Solutions - the Atlanta-based payments processor which was hit by a massive security breach earlier this year - after California-based CyberSource Corporation withdrew its offer for the company.

17 October 2005

News/Biometrics

Pay By Touch secures $130 million in new financing

Biometric authentication firm Pay By Touch Solutions has secured $130 million in new financing.

05 October 2005

News/Biometrics

Japanese bank begins trials of Hitachi vein authentication system

Banks in Japan have started rolling out biometric access systems on cash machines in a bid to fight fraud, with Nagasaki-based Juhachi Bank the first to pilot a finger-vein-based biometrics system developed by Hitachi.

28 September 2005

News/Biometrics

Westpac considering biometric authentication

Australian banking group Westpac is exploring the application of fingerprint identification technology for Web banking, with a small-scale pilot possible within the next two years.

16 September 2005

News/Biometrics

Mexico's Banco Azteca signs with Gemplus for biometric smart cards

Mexican bank Banco Azteca has contracted with Paris-based Gemplus for the supply of EMV smart cards that will store photographs and biometric data to be used for identifying customers in branches.

12 July 2005

News/Biometrics

ID card trial exposes biometric failings

An initial trial of biometric verification in the UK - including electronic fingerprint, iris images and facial scans - has uncovered problems with the scanning technology used to register identities.

26 May 2005

News/Biometrics

BioPay adds age verification to biometric payments system

US biometric payments firm BioPay is adding an age verification feature to its retail payments product which automatically screens customers making purchases of age-restricted items such as alcohol and tobacco.

18 May 2005

News/Biometrics

Consumer security fears weakening resistance to biometrics

One in three UK citizens would like banks to introduce biometric security to help combat card fraud, according to research commissioned by Fujitsu Services.

06 May 2005