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

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

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

News/Biometrics

Discover cafe introduces biometric payments

Employees of card scheme Discover can now pay for their purchases in the company cafeteria at the touch of a finger using technology from biometric outfit Pay By Touch.

27 April 2005

News/Biometrics

Pay By Touch poaches BofA's Hollowood for IT security role

San Franciso-based biometric payments company Pay By Touch has appointed Bank of America's Larry Hollowood as its chief security officer.

22 April 2005

News/Biometrics

Rapidata Services adds biometric security to Bacs bureau service

UK direct debit payment processor Rapidata Services is using technology from Eiger Systems to add biometric security controls to its Bacs bureau service.

22 March 2005

News/Biometrics

More banks turning to biometric authentication

US-based Bio-Key has secured a contract with an un-named bank for its finger-based biometric identification system, Web-key. The deal follows a number of recent implementations of biometric technology by financial services firms as part of the fight against fraud.

10 December 2004

News/Biometrics

Pay By Touch to acquire online payments firm ATM Direct

San Franciso-based Pay By Touch has signed an agreement to acquire ATM Direct, a provider of online payment authentication technology. Financial terms of the deal were not disclosed.

29 November 2004

News/Biometrics

NCR unveils anti-skimming device; teams with Bancafe for biometric ATMs

ATM manufacturer NCR has launched Fraudulent Device Inhibitor, an anti-fraud device designed to prevent card skimming at cash machines.

19 November 2004

News/Biometrics

Reserve Bank of Malawi rolls out Sagem fingerprint recognition technology

The Reserve Bank of Malawi is installing a fingerprint recognition system developed by French technology firm, Sagem.

07 October 2004