Mastercard has teamed with NEC to bring biometric checkout to the Asia Pacific region. The partnership, announced Tuesday (Nov. 14), combines NEC’s facial recognition and liveness verification technology with Mastercard’s payment operations, and comes as consumers and businesses are increasingly embracing biometrics. “As retailing environments continue to evolve and choices...
As the payments ecosystem continues to evolve, it is missing just one key element. That element? A single source of truth in the form of a dynamic digital identity that can navigate multiple commerce contexts and support real-time interoperability. This, as the European Union (EU)...
Entersekt and digital banking platform EbankIT teamed to provide new security measures for financial institutions. The companies’ new solution offers banks and credit unions biometric authentication and protection against several account takeover fraud schemes, while also reducing contact center operational costs, according to a Tuesday...
Mexican FinTech Plata chose Entersekt to provide authentication services for its new credit card. The partnership will allow for low-friction payment authentication with “risk-aware 3D Secure,” a burgeoning regulatory requirement, according to a Monday (Oct. 23) press release. “Unlike the European Union and many other...
Google is letting users in three more states store their state IDs in the Google Wallet app. Already live in Maryland, the tech giant is extending the program to users in Georgia, Arizona and Colorado, Google said in an announcement provided to PYMNTS Wednesday (Oct....
Data sharing — and open banking — are due for a quantum leap forward in the United States. Matt Wilcox, president of digital payments at Fiserv, told Karen Webster about a “milestone” announcement that harnesses application programming interfaces (APIs) to share financial information. Traditionally, permissioning,...
Biometric authentication, a technology that uses unique physical or behavioral traits for identity verification, has gained popularity in recent years. In fact, according to joint PYMNTS Intelligence-AWS study “Tracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile,” of the nearly 60% of...
Google has made passkeys the default option for personal Google accounts, beginning Tuesday (Oct. 10). When users sign into their account, they will see prompts to create and use passkeys, as well as seeing the “Skip password when possible” option toggled on in their account settings, Google...
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology. On Friday (Oct. 6), a bipartisan group of 65 British lawmakers called for an immediate ban on live...