In an increasingly digital world, the way we make purchases is evolving. Mobile devices have become an integral part of our lives, and with the rise of online shopping, consumers are looking for secure and convenient ways to validate their transactions. Against this backdrop, the...
The convenience and security biometric authentication offers continue to gain prominence. Digital-first consumers increasingly use mobile devices to shop for everything from groceries to retail products to travel and entertainment services. Biometrics enable consumers to easily authenticate their identity when using mobile devices to pay...
The thing about technical innovations is that they tend to come in pairs. Or at least work in concert together. Generative artificial intelligence (AI) is increasingly being integrated across next-generation biometric payment channels, including facial and fingerprint verification, palm screening and even voice recognition, to...
Mega-retailer Amazon’s scaled-up rollout of its pay-by-palm technology, One, a month after its announcement, may not be the first offering of such technology, but the sheer number of stores receiving One at once may make it the most ambitious. This ambition is simply responding to consumer demand, however, as “Consumer Authentication...
China wants its businesses to think twice before using facial recognition technology. The country’s Cyberspace Administration (CAC) on Tuesday (Aug. 8) introduced draft regulations calling for limits on facial recognition and proposing instead the use of non-biometric means to identify people. “The use of face recognition technology to process...
Mashreq has launched electronic facial recognition (EFR) technology to facilitate the onboarding of large corporate clients. With the implementation of this technology, UAE-based large corporate banking clients can open bank accounts in an entirely paperless onboarding process, Mashreq said in a Wednesday (July 5) press release....
SmartMetric has launched a biometric security solution for credit and debit cards. The solution features biometric fingerprint recognition technology built into the card to recognize the cardholder and turn on the card’s EMV contact and contactless payment chip, SmartMetric said in a Tuesday (June 27) press release....
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...
