As restaurants look to meet consumers’ demand for quick, convenient payments with stored credentials — and to gather more consumer data in in-store transactions — more brands are trying out biometric payments. Casual dining chain Steak ‘n Shake is the latest to test the technology. The restaurant...
The FTC says increased use of biometrics raises “significant” concerns about security, privacy and discrimination. In a policy statement published Thursday (May 18), the Federal Trade Commission (FTC) defines biometric information as data that depicts or describes physical, biological or behavioral traits, characteristics or measurements of or...
Oura has acquired Proxy in a bid to expand into payments and authentication. The acquisition adds Proxy’s digital identity signal platform to Oura’s lineup of smart rings that deliver health data, insights and guidance, the companies said in a Tuesday (May 9) press release. “We...
PopID now enables palm verification as well as face verification. The firm has partnered with PalmID to add the palm option to its platform for using consumer-initiated biometric verification for digital interactions and payments, PopID said in a Thursday (April 20) press release. “We believe...
J.P. Morgan says it will begin testing biometric-based payments at some U.S. retailers. The pilot program, announced Thursday (March 23) includes palm and face identification to approve in-store transactions and comes at a time when consumers are increasingly embracing biometrics for authentication. “J.P. Morgan Payments’...
Carrefour has enabled facial recognition as a means of verifying payments in the UAE. The retailer, which is operated as a franchise by Majid Al Futtaim in the United Arab Emirates (UAE), announced on Friday (Feb. 10) that it has teamed up with Network International...
The traditional password remains the most common authentication method modern consumers use for online transactions. This, as new PYMNTS and Entersekt research in the January “Consumer Authentication Preferences for Online Banking and Transactions” report revealed that for most, they wish it weren’t. The contemporary digital banking...
PopID and Toshiba have partnered to add biometrics to point-of-sale (POS) and self-checkout systems. With the new collaboration, PopID’s biometric solution PopPay will be integrated into Toshiba Global Commerce Solutions’ Elera Commerce Platform, enabling the use of artificial intelligence (AI)-based facial recognition software that authenticates...
Is facial recognition growing too fast for its — and our — own good? In the wake several wrongful arrests and incorrect ID attempts, facial recognition software is facing renewed questioning. A report Saturday (Jan. 7) by Axios detailed what it called “alarming pitfalls” to...