No single word signals the death knell of an innovation quite like the adjective “clunky.” Yet, by some accounts, that’s exactly what the user experience of the first few generations of mixed reality (MR) and virtual reality (VR) headsets has been like, with users complaining...
As biometric authentication, and notably facial recognition technology, continues its rapid advancement, heightened concerns about privacy and ethical implications have reignited global discourse. This conversation gained momentum when China introduced draft regulations this summer, aimed at imposing limitations on facial recognition. Following suit, the United States has...
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...
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...
May 08, 2024
As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns — are used to authorize transactions securely and safely. “Biometric authentication, […]
October 11, 2023
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...
October 06, 2023
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....
March 18, 2021
It has been an unusually active year for fraudsters. According to the Federal Trade Commission (FTC), 2020 saw payments fraud increase by 47 percent as the sudden shift of consumers...
June 21, 2017
AimBrain, a London-based startup providing clients with biometric identity fraud protection services, has raised £4 million in Series A funding. According to a report in TechCrunch, the round of funding for the startup was led by BGF Ventures, a venture capital fund investing in U.K. technology companies. Other Series A investors included Episode 1, Entrepreneur First […]
June 13, 2017
Diebold Nixdorf, the connected commerce technology company and Samsung SDS America announced they are teaming up to show how integrating advanced mobile technology — such as facial recognition — and...
October 26, 2016
HYPR, the startup that developed cybersecurity technology to protect biometric data, announced Tuesday (Oct. 25) it raised $3 million in financing from RTP, Boldstart and Mesh Ventures to accelerate enterprise...
April 05, 2016
The FIDO Alliance has certified over 150 biometric and second-factor authentication products, showing an increase of 50 percent over the course of just one quarter. In a press release on...
