Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

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.

10 January 2007

News/Biometrics

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.

10 November 2006

News/Biometrics

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.

09 October 2006

News/Biometrics

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.

07 September 2006

News/Biometrics

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.

20 July 2006

News/Biometrics

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.

13 July 2006

News/Biometrics

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.

01 June 2006

News/Biometrics

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