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Mastercard Tags Biometrics And Passkeys as a Fix for Passwords
Mastercard Inc. is taking on the problematic use of passwords with its new Biometric Authentication Service. Announced Wednesday, the new global service is meant to help resolve friction and vulnerability issues that arise from ceaseless passwords and multi-factor authentication prompts, Mastercard says. The service relies on standards from the Fast …
Read More »Cantaloupe Enlists AWS in Expansion Plans; Eye on Biometrics; Citizens’ $9 Million CFPB Penalty
Eye on Biometrics: Amazon One Adds Age Verification; WeChat Adds Palm Payments
Amazon.com Inc. is adding another feature to its Amazon One palm-based identity service, and Chinese site WeChat has brought palm recognition to cameras used for facial recognition. Amazon One has added an age-verification component, Amazon said in a blog post. Launched in 2020, the technology recently expanded beyond Amazon properties …
Read More »COMMENTARY: Payments Security Requires Tokenization, Biometrics—And You
Digital payments are on the rise, and so is payment fraud. As of 2020, nearly 80% of Americans used at least one form of digital payment. Between 2020 and 2021, payment fraud attacks rose dramatically on digital wallets (200%), payment service providers (169%) and crypto exchanges (140%). To keep up …
Read More »Visa Launches Crypto Settlement; Using Biometrics To Stem Merchant Account Fraud; EMVMadeEZ Debuts
The Do-It-Yourself Point of Sale; Biometrics v. Fraud; Campus Card Fees
In Boarding New Accounts And Reducing Abandonment, Biometrics May Be Nearing the Mainstream
Biometric authentication may be coming into its own as a tool to aid financial institutions and payments companies in serving their customers. At financial institutions, as much as $20.75 million is saved annually using biometric authentication instead of SMS one-time password services, says Reston, Va.-based Daon Inc., a biometric-services company, …
Read More »Make Room for More Biometrics; Eye on M&A; Yardi Adds Virtual Card Feature
In Making Its App Work With Apple’s Face ID, Discover Could Tap Into a Budding Appetite for Biometrics
Wider availability of technology that would have been nearly unthinkable only a few years ago is making biometric authentication a more likely replacement for the password. In the latest development, Discover Financial Services on Thursday announced users of its mobile app who own an iPhone X can log in to …
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