![](\"https://www.pymnts.com/wp-content/uploads/2023/12/JPMorgan-Payments.jpg\")
There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce.
\nUnderpinning that is the emerging need for a digital identity layer. With the news that Google Wallet on Thursday (Sept. 12) unveiled a suite of new features \u2014 among them the ability to create digital IDs for use at select\u00a0TSA checkpoints \u2014 financial institutions (FIs) and payment solution providers have new ways to leverage biometric authentication, addressing identity authentication pain points.
\nWith transactions growing in complexity, volume and value, there is a heightened demand for security, efficiency and seamless experiences. In both consumer and B2B landscapes, digital payments are booming, but this growth is accompanied by rising fraud threats and the complexities of identity verification.
\nBiometrics, or the use of unique biological characteristics such as fingerprints, facial recognition or voice patterns for identification and authentication, is emerging as a powerful solution to address several of these pain points. This technology offers not just enhanced security but also the potential to streamline payment processes, making it particularly valuable where stakes are high and transactions more complex.
\nRead more:\u00a03 Big Ideas From PYMNTS Intelligence\u2019s Digital Wallets UK Report
\nAs the digital economy grows, so does the need for secure and reliable identity verification. In many cases, payment fraud occurs not because of vulnerabilities in the payment process itself but because of weaknesses in identity verification.
\nBy integrating biometrics into digital identity verification, businesses can significantly reduce the risk of account takeovers and synthetic identity fraud. Biometric data provides a unique, immutable marker that ties the individual to the account, making it more difficult for fraudsters to create fake identities or gain unauthorized access.
\n\u201cWe\u2019re excited about the potential of future\u00a0technologies\u00a0like biometrics and behavioral analytics in further streamlining\u00a0authentication\u00a0while enhancing security,\u201d Brad Rosenfeld,\u00a0chief marketing officer at\u00a0Prove Identity, told PYMNTS, adding that \u201cmarkets like Brazil and India are rapidly embracing mobile-first solutions and are fully on board with\u00a0digital transformation, with everyone looking for new ways to work with financial services.\u201d
\nAccording to \u201cDigital Wallets Beyond Financial Transactions: A Global Perspective,\u201d a\u00a0PYMNTS Intelligence\u00a0and Google Wallet collaboration, 70% of consumers across Brazil, France, Germany, the U.K. and the U.S. use\u00a0digital wallets.
\n\u201cDigital wallets are on a\u00a0hockey-stick trajectory right now,\u201d\u00a0Chuck Fagan, president and CEO of\u00a0Velera \u2014 the newly rebranded PSCU/Co-op Solutions \u2014 told PYMNTS.
\nAs governments and regulatory bodies increase pressure on businesses to comply with stricter know your customer (KYC) and anti-money laundering (AML) standards, biometric verification is well positioned to become a cornerstone of compliance efforts in the payments space \u2014 and one of the more interesting opportunity areas could be across the B2B landscape.
\nSee also:\u00a0Digital Wallets Beyond Financial Transactions: A Global Perspective
\nWhile biometric authentication is already making waves in consumer payments \u2014 think smartphone-based facial recognition or fingerprint authentication for mobile wallets \u2014 the B2B sector is uniquely positioned to benefit from this technology\u2019s potential.
\nOne of the key pain points in B2B transactions is the cumbersome process of verifying identities. In industries like supply chain management, manufacturing and professional services, ensuring that the correct parties are authorized to approve or complete transactions often requires time-consuming manual processes. The introduction of digital identity verification using biometrics could help to reduce these delays.
\nFor instance, integrating biometric solutions with enterprise resource planning (ERP) and treasury management systems could enable real-time identity verification of employees, suppliers and vendors. This would accelerate approval processes and reduce the likelihood of human error or fraud. Whether it\u2019s approving a payment, signing a contract or accessing sensitive financial data, biometric verification can streamline workflows.
\nIn the future, we may see even more advanced forms of biometric authentication, such as behavioral biometrics, which monitor user behaviors like typing patterns or mouse movements. These technologies can provide additional layers of security by continuously authenticating users as they interact with payment systems, rather than relying on one-time verifications.
\nRead more: 5 Emerging Security Imperatives for Digital Wallets\u00a0
\nBiometrics also has the potential to enable seamless cross-border payments by simplifying identity verification across different jurisdictions. This could be particularly beneficial in the B2B landscape, where international transactions often involve navigating a maze of different regulations and compliance requirements.
\nInteroperability is another fundamental aspect of biometric adoption.
\n\u201cWhen it comes to being able to digitize and save these IDs, and of course to use them, the first and most critical thing to establish are sound and complete standards,\u201d\u00a0Alan Stapelberg, group product manager at\u00a0Google Wallet, told PYMNTS. As he explained, identity is a global use case, and digital IDs must be able to function across borders just as physical IDs do today. This requires collaboration among various stakeholders to build solutions that are universally accessible and interoperable.
\nStill, recent PYMNTS Intelligence data shows that while some people are using digital wallets to store IDs, not many (about 8%) are actively using them. And separately, the integration of biometric authentication into existing payment systems requires significant investment in technology infrastructure. Small- to medium-sized businesses, in particular, may find it difficult to justify the cost of upgrading their systems, despite the long-term benefits that biometrics can offer.
\nThe post What Payments Professionals Should Know About Biometric B2B Payments appeared first on PYMNTS.com.
\n", "content_text": "There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce.\nUnderpinning that is the emerging need for a digital identity layer. With the news that Google Wallet on Thursday (Sept. 12) unveiled a suite of new features \u2014 among them the ability to create digital IDs for use at select\u00a0TSA checkpoints \u2014 financial institutions (FIs) and payment solution providers have new ways to leverage biometric authentication, addressing identity authentication pain points.\nWith transactions growing in complexity, volume and value, there is a heightened demand for security, efficiency and seamless experiences. In both consumer and B2B landscapes, digital payments are booming, but this growth is accompanied by rising fraud threats and the complexities of identity verification.\nBiometrics, or the use of unique biological characteristics such as fingerprints, facial recognition or voice patterns for identification and authentication, is emerging as a powerful solution to address several of these pain points. This technology offers not just enhanced security but also the potential to streamline payment processes, making it particularly valuable where stakes are high and transactions more complex.\nRead more:\u00a03 Big Ideas From PYMNTS Intelligence\u2019s Digital Wallets UK Report\nBiometrics: Revolutionizing Security, Fraud Prevention and Efficiency in Payments\nAs the digital economy grows, so does the need for secure and reliable identity verification. In many cases, payment fraud occurs not because of vulnerabilities in the payment process itself but because of weaknesses in identity verification.\nBy integrating biometrics into digital identity verification, businesses can significantly reduce the risk of account takeovers and synthetic identity fraud. Biometric data provides a unique, immutable marker that ties the individual to the account, making it more difficult for fraudsters to create fake identities or gain unauthorized access.\n\u201cWe\u2019re excited about the potential of future\u00a0technologies\u00a0like biometrics and behavioral analytics in further streamlining\u00a0authentication\u00a0while enhancing security,\u201d Brad Rosenfeld,\u00a0chief marketing officer at\u00a0Prove Identity, told PYMNTS, adding that \u201cmarkets like Brazil and India are rapidly embracing mobile-first solutions and are fully on board with\u00a0digital transformation, with everyone looking for new ways to work with financial services.\u201d\nAccording to \u201cDigital Wallets Beyond Financial Transactions: A Global Perspective,\u201d a\u00a0PYMNTS Intelligence\u00a0and Google Wallet collaboration, 70% of consumers across Brazil, France, Germany, the U.K. and the U.S. use\u00a0digital wallets.\n\u201cDigital wallets are on a\u00a0hockey-stick trajectory right now,\u201d\u00a0Chuck Fagan, president and CEO of\u00a0Velera \u2014 the newly rebranded PSCU/Co-op Solutions \u2014 told PYMNTS.\nAs governments and regulatory bodies increase pressure on businesses to comply with stricter know your customer (KYC) and anti-money laundering (AML) standards, biometric verification is well positioned to become a cornerstone of compliance efforts in the payments space \u2014 and one of the more interesting opportunity areas could be across the B2B landscape.\nSee also:\u00a0Digital Wallets Beyond Financial Transactions: A Global Perspective\nBiometrics: Revolutionizing Security, Fraud Prevention and Efficiency in B2B Payments\u00a0\nWhile biometric authentication is already making waves in consumer payments \u2014 think smartphone-based facial recognition or fingerprint authentication for mobile wallets \u2014 the B2B sector is uniquely positioned to benefit from this technology\u2019s potential.\nOne of the key pain points in B2B transactions is the cumbersome process of verifying identities. In industries like supply chain management, manufacturing and professional services, ensuring that the correct parties are authorized to approve or complete transactions often requires time-consuming manual processes. The introduction of digital identity verification using biometrics could help to reduce these delays.\nFor instance, integrating biometric solutions with enterprise resource planning (ERP) and treasury management systems could enable real-time identity verification of employees, suppliers and vendors. This would accelerate approval processes and reduce the likelihood of human error or fraud. Whether it\u2019s approving a payment, signing a contract or accessing sensitive financial data, biometric verification can streamline workflows.\nIn the future, we may see even more advanced forms of biometric authentication, such as behavioral biometrics, which monitor user behaviors like typing patterns or mouse movements. These technologies can provide additional layers of security by continuously authenticating users as they interact with payment systems, rather than relying on one-time verifications.\nRead more: 5 Emerging Security Imperatives for Digital Wallets\u00a0\nBiometrics also has the potential to enable seamless cross-border payments by simplifying identity verification across different jurisdictions. This could be particularly beneficial in the B2B landscape, where international transactions often involve navigating a maze of different regulations and compliance requirements.\nInteroperability is another fundamental aspect of biometric adoption.\n\u201cWhen it comes to being able to digitize and save these IDs, and of course to use them, the first and most critical thing to establish are sound and complete standards,\u201d\u00a0Alan Stapelberg, group product manager at\u00a0Google Wallet, told PYMNTS. As he explained, identity is a global use case, and digital IDs must be able to function across borders just as physical IDs do today. This requires collaboration among various stakeholders to build solutions that are universally accessible and interoperable.\nStill, recent PYMNTS Intelligence data shows that while some people are using digital wallets to store IDs, not many (about 8%) are actively using them. And separately, the integration of biometric authentication into existing payment systems requires significant investment in technology infrastructure. Small- to medium-sized businesses, in particular, may find it difficult to justify the cost of upgrading their systems, despite the long-term benefits that biometrics can offer.\nThe post What Payments Professionals Should Know About Biometric B2B Payments appeared first on PYMNTS.com.", "date_published": "2024-09-16T19:08:22-04:00", "date_modified": "2024-09-16T19:08:22-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/09/biometrics-digital-ID-b2b-paynents.png", "tags": [ "B2B", "B2B Payments", "Biometrics", "commercial payments", "cross-border payments", "digital identity", "digital transformation", "digital wallets", "Global Payments", "ID verification", "identity authentication", "identity verification", "News", "Payment Methods", "PYMNTS News" ] }, { "id": "https://www.pymnts.com/?p=2055858", "url": "https://www.pymnts.com/news/biometrics/2024/airtel-payments-bank-adds-biometric-verification-solution-to-protect-accounts/", "title": "Airtel Payments Bank Adds Biometric Verification Solution to Protect Accounts", "content_html": "India\u2019s Airtel Payments Bank has added a biometric verification solution called Face Match to enhance the security of customer accounts.
\nThis solution uses facial recognition and liveliness checks to verify account users in cases in which the bank\u2019s machine learning (ML) algorithms have detected potentially fraudulent transactions,\u00a0Airtel Payments Bank said in a Tuesday (Aug. 20) press release emailed to PYMNTS.
\nFace Match first calculates a threat score based on user behavior, transaction pattern and location, historical data, device and mobile app-based signals, according to the release.
\nIf a user exceeds this threat score, the account is secured to prevent fraudulent transactions and the user is notified on their mobile number that they must complete a quick verification to proceed with a transaction, the release said.
\nA link in the notification takes the user to the Face Match section of the Airtel app, where they can take a selfie that is then compared to a photo from their onboarding process, per the release.
\nIf there is a successful match, the user can continue with their transactions; if there isn\u2019t, they must visit a banking location for biometric verification, the release said.
\nBiometric authentication tools have been embraced in the United States, according to the PYMNTS Intelligence and AWS collaboration, \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile.\u201d
\nMore than half of U.S. consumers who completed online purchases used biometric authentication to validate their transactions, with 28% of these consumers using facial recognition and 49% using fingerprint scans.
\nThat report also found that about 15% of U.S. consumers have not used biometric authentication methods but are interested in doing so, while 34% have not used those methods and are not interest in doing so.
\nIn another deployment of biometric technology, IDEX Biometrics said Aug. 14 that TaluCard plans to launch a physical biometric payment card and complementary app designed to provide an accessible and secure payment solution for users with visual impairments.
\nSlated for introduction in the United Kingdom in late 2024, the payment card features fingerprint authentication, tactile guidance markers that help users locate the fingerprint sensor, and the ability to make contactless transactions without PINs or signatures.
\nThe post Airtel Payments Bank Adds Biometric Verification Solution to Protect Accounts appeared first on PYMNTS.com.
\n", "content_text": "India\u2019s Airtel Payments Bank has added a biometric verification solution called Face Match to enhance the security of customer accounts.\nThis solution uses facial recognition and liveliness checks to verify account users in cases in which the bank\u2019s machine learning (ML) algorithms have detected potentially fraudulent transactions,\u00a0Airtel Payments Bank said in a Tuesday (Aug. 20) press release emailed to PYMNTS.\nFace Match first calculates a threat score based on user behavior, transaction pattern and location, historical data, device and mobile app-based signals, according to the release.\nIf a user exceeds this threat score, the account is secured to prevent fraudulent transactions and the user is notified on their mobile number that they must complete a quick verification to proceed with a transaction, the release said.\nA link in the notification takes the user to the Face Match section of the Airtel app, where they can take a selfie that is then compared to a photo from their onboarding process, per the release.\nIf there is a successful match, the user can continue with their transactions; if there isn\u2019t, they must visit a banking location for biometric verification, the release said.\nBiometric authentication tools have been embraced in the United States, according to the PYMNTS Intelligence and AWS collaboration, \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile.\u201d\nMore than half of U.S. consumers who completed online purchases used biometric authentication to validate their transactions, with 28% of these consumers using facial recognition and 49% using fingerprint scans.\nThat report also found that about 15% of U.S. consumers have not used biometric authentication methods but are interested in doing so, while 34% have not used those methods and are not interest in doing so.\nIn another deployment of biometric technology, IDEX Biometrics said Aug. 14 that TaluCard plans to launch a physical biometric payment card and complementary app designed to provide an accessible and secure payment solution for users with visual impairments.\nSlated for introduction in the United Kingdom in late 2024, the payment card features fingerprint authentication, tactile guidance markers that help users locate the fingerprint sensor, and the ability to make contactless transactions without PINs or signatures.\nThe post Airtel Payments Bank Adds Biometric Verification Solution to Protect Accounts appeared first on PYMNTS.com.", "date_published": "2024-08-20T20:08:15-04:00", "date_modified": "2024-08-21T09:40:21-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/08/Airtel-Payments-Bank.jpg", "tags": [ "Airtel Payments Bank", "authentication", "Biometrics", "Face Match", "Fraud Prevention", "identity verification", "machine learning", "News", "PYMNTS News", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2054483", "url": "https://www.pymnts.com/news/biometrics/2024/worldcoins-iris-scanning-tech-faces-global-pushback/", "title": "Worldcoin\u2019s Iris-Scanning Tech Faces Global Pushback", "content_html": "\u201cOnce somebody has your specific iris picture, you\u2019ll never have the possibility to stay anonymous.\u201d
\nThat\u2019s Michael Will, head of Bavaria\u2019s data regulator, speaking to The Wall Street Journal (WSJ) Sunday (Aug. 18) about concerns over Worldcoin\u2019s iris-scanning technology.\u00a0
\nAs that report noted, Germany is far from alone in its concern, with more than a dozen jurisdictions having either suspended Worldcoin\u2019s operations or launched probes into the company,\u00a0founded by OpenAI CEO Sam Altman.
\nAs PYMNTS wrote last year, the Worldcoin project\u2019s stated goal is to capture participants\u2019 biometrics with its proprietary Orb to provide them with a \u201cproof of personhood\u201d \u2014 as well as the company\u2019s digital currency \u2014 something that the company said \u201cwill become more important as increasingly powerful AI [artificial intelligence] models become available.\u201d\u00a0
\nIn other words \u2014 and as the WSJ report pointed out \u2014 it\u2019s a case of Altman using the technology from one of his companies to protect people from the potential downside of his other firm.
\nSo far, the project has drawn a mix of both support \u2014 6 million people have signed up \u2014 and skepticism. For example, regulators in Hong Kong raided the company\u2019s offices there in May, while Spain and Portugal have both blocked its use. The Bavarian regulator is expected to release a decision in its investigation soon.
\nTheir concerns are multifaceted, the report said. How does the company train its algorithms? What steps does it take to avoid scanning children? What does it do with user data? And several authorities have accused Worldcoin of telling operators of its Orb scanning device to encourage users to turn over iris images.\u00a0
\nAccording to the report, privacy advocates say these images could be used to construct a global biometric database with little oversight.
\nDamien Kieran, Worldcoin\u2019s chief privacy officer, told WSJ any venture like this one was bound to attract scrutiny, and the project was working with regulators to address concerns.\u00a0
\nFor now, WorldCoin has paused its image-sharing option for users while it develops a new process, he said, and its training materials don\u2019t ask operators to induce users to share biometric data, said Kieran.
\n\u201cWe\u2019ve built a technology that by default is privacy-enhancing,\u201d Kieran said in an interview. \u201cWe don\u2019t collect data to harvest it. We don\u2019t sell data. In fact, we couldn\u2019t sell it, because we don\u2019t know who the data belongs to.\u201d
\nThe post Worldcoin’s Iris-Scanning Tech Faces Global Pushback appeared first on PYMNTS.com.
\n", "content_text": "\u201cOnce somebody has your specific iris picture, you\u2019ll never have the possibility to stay anonymous.\u201d\nThat\u2019s Michael Will, head of Bavaria\u2019s data regulator, speaking to The Wall Street Journal (WSJ) Sunday (Aug. 18) about concerns over Worldcoin\u2019s iris-scanning technology.\u00a0\nAs that report noted, Germany is far from alone in its concern, with more than a dozen jurisdictions having either suspended Worldcoin\u2019s operations or launched probes into the company,\u00a0founded by OpenAI CEO Sam Altman.\nAs PYMNTS wrote last year, the Worldcoin project\u2019s stated goal is to capture participants\u2019 biometrics with its proprietary Orb to provide them with a \u201cproof of personhood\u201d \u2014 as well as the company\u2019s digital currency \u2014 something that the company said \u201cwill become more important as increasingly powerful AI [artificial intelligence] models become available.\u201d\u00a0\nIn other words \u2014 and as the WSJ report pointed out \u2014 it\u2019s a case of Altman using the technology from one of his companies to protect people from the potential downside of his other firm.\nSo far, the project has drawn a mix of both support \u2014 6 million people have signed up \u2014 and skepticism. For example, regulators in Hong Kong raided the company\u2019s offices there in May, while Spain and Portugal have both blocked its use. The Bavarian regulator is expected to release a decision in its investigation soon.\nTheir concerns are multifaceted, the report said. How does the company train its algorithms? What steps does it take to avoid scanning children? What does it do with user data? And several authorities have accused Worldcoin of telling operators of its Orb scanning device to encourage users to turn over iris images.\u00a0\nAccording to the report, privacy advocates say these images could be used to construct a global biometric database with little oversight.\nDamien Kieran, Worldcoin\u2019s chief privacy officer, told WSJ any venture like this one was bound to attract scrutiny, and the project was working with regulators to address concerns.\u00a0\nFor now, WorldCoin has paused its image-sharing option for users while it develops a new process, he said, and its training materials don\u2019t ask operators to induce users to share biometric data, said Kieran.\n\u201cWe\u2019ve built a technology that by default is privacy-enhancing,\u201d Kieran said in an interview. \u201cWe don\u2019t collect data to harvest it. We don\u2019t sell data. In fact, we couldn\u2019t sell it, because we don\u2019t know who the data belongs to.\u201d\nThe post Worldcoin’s Iris-Scanning Tech Faces Global Pushback appeared first on PYMNTS.com.", "date_published": "2024-08-18T19:12:24-04:00", "date_modified": "2024-08-18T19:17:02-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/08/Worldcoin-iris-scanning.jpg", "tags": [ "Biometrics", "iris-scanning", "Michael Will", "News", "OpenAI", "proof of personhood", "PYMNTS News", "Sam Altman", "What's Hot", "Worldcoin" ] }, { "id": "https://www.pymnts.com/?p=2052404", "url": "https://www.pymnts.com/news/biometrics/2024/talucard-unveils-biometric-payment-card-app-visually-impaired-consumers/", "title": "TaluCard Unveils Biometric Payment Card, App for Visually Impaired Consumers", "content_html": "TaluCard plans to launch a physical biometric payment card and complementary app designed to provide an accessible and secure payment solution for users with visual impairments.
\nDeveloped in collaboration with IDEX Biometrics and an unnamed London-based issuer, the card is expected to be introduced in the United Kingdom in late 2024, according to a Wednesday (Aug. 14) press release.
\nThe TaluCard payment card features fingerprint authentication, tactile guidance markers that help users locate the fingerprint sensor, and the ability to make contactless transactions without PINs or signatures, the release said.
\nThe TaluCard app that supports the card includes proprietary access technology offering discreet audio feedback that helps visually impaired users verify transaction details securely and privately, according to the release.
\nTogether, these solutions aim to serve the 2.3 million people in the U.K. who have some form of visual impairment, per the release.
\nTaluCard is compliant with the U.K. Consumer Duty and Accessibility laws and the European Accessibility Act, which is set to take effect in 2025, according to the release.
\n\u201cWe share the conviction with TaluCard that digital and financial inclusion is critical for economic growth and should be a key priority for banks and FinTechs,\u201d IDEX Biometrics Chief Commercial Officer Catharina Eklof said in the release.
\nSteve Tyler, director of assistive technology at Leonard Cheshire and former head of strategy at the Royal National Institute of Blind People, said in the release: \u201cTaluCard is a groundbreaking solution that instantly removes some of the challenges of payment experiences; through the simple expedient of seamless biometric identification, there is no need to be concerned about misuse of a card or handling unusual or inaccessible point-of-sale solutions.\u201d
\nBiometric authentication continues to gain prominence due to the convenience and security it offers, according to the PYMNTS Intelligence report \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile.\u201d
\nTwenty-eight percent of consumers said fingerprint scans or facial recognition are their preferred authentication method, with younger generations using biometrics for convenience and older consumers using the technology to enhance security, the report found.
\nThe post TaluCard Unveils Biometric Payment Card, App for Visually Impaired Consumers appeared first on PYMNTS.com.
\n", "content_text": "TaluCard plans to launch a physical biometric payment card and complementary app designed to provide an accessible and secure payment solution for users with visual impairments.\nDeveloped in collaboration with IDEX Biometrics and an unnamed London-based issuer, the card is expected to be introduced in the United Kingdom in late 2024, according to a Wednesday (Aug. 14) press release.\nThe TaluCard payment card features fingerprint authentication, tactile guidance markers that help users locate the fingerprint sensor, and the ability to make contactless transactions without PINs or signatures, the release said.\nThe TaluCard app that supports the card includes proprietary access technology offering discreet audio feedback that helps visually impaired users verify transaction details securely and privately, according to the release.\nTogether, these solutions aim to serve the 2.3 million people in the U.K. who have some form of visual impairment, per the release.\nTaluCard is compliant with the U.K. Consumer Duty and Accessibility laws and the European Accessibility Act, which is set to take effect in 2025, according to the release.\n\u201cWe share the conviction with TaluCard that digital and financial inclusion is critical for economic growth and should be a key priority for banks and FinTechs,\u201d IDEX Biometrics Chief Commercial Officer Catharina Eklof said in the release.\nSteve Tyler, director of assistive technology at Leonard Cheshire and former head of strategy at the Royal National Institute of Blind People, said in the release: \u201cTaluCard is a groundbreaking solution that instantly removes some of the challenges of payment experiences; through the simple expedient of seamless biometric identification, there is no need to be concerned about misuse of a card or handling unusual or inaccessible point-of-sale solutions.\u201d\nBiometric authentication continues to gain prominence due to the convenience and security it offers, according to the PYMNTS Intelligence report \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile.\u201d\nTwenty-eight percent of consumers said fingerprint scans or facial recognition are their preferred authentication method, with younger generations using biometrics for convenience and older consumers using the technology to enhance security, the report found.\nThe post TaluCard Unveils Biometric Payment Card, App for Visually Impaired Consumers appeared first on PYMNTS.com.", "date_published": "2024-08-14T11:12:19-04:00", "date_modified": "2024-08-14T11:12:19-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/08/IDEX-Biometrics.png", "tags": [ "authentication", "Biometrics", "Digital Payments", "digital transformation", "financial inclusion", "IDEX Biometrics", "international", "Mobile Applications", "News", "PYMNTS News", "TaluCard", "Technology", "uk", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2022965", "url": "https://www.pymnts.com/news/biometrics/2024/j-p-morgan-expands-biometric-payments-pact-with-popid/", "title": "J.P. Morgan Expands Biometric Payments Pact With PopID", "content_html": "
J.P. Morgan Payments expanded its partnership with consumer authentication firm PopID.
\nThe collaboration offers in-store biometric payments to merchants in pilot programs across the United States, allowing shoppers to use a \u201cpay-by-face\u201d system without relying on their phones or credit cards, according to a Tuesday (Aug. 6) press release.
\n\u201cBiometric loyalty program check-in and payment provides a swift ordering and checkout experience for merchants and customers alike,\u201d the release said. \u201cPopID research has shown the platform decreases ordering and checkout times by up to 90 seconds per transaction and can increase ticket size by 4%.\u201d
\nAmong the merchants using the program is fast food chain Whataburger, which is already accepting biometric payments through PopID\u2019s solution and now plans to extend biometric payments with J.P. Morgan Payments\u2019 processing, per the release.
\n\u201cWhataburger has already seen a positive impact with faster checkout times and increased loyalty engagement at the counter and on self-ordering kiosks,\u201d the release said. \u201cAfter registering for biometric loyalty and payment in the Whataburger mobile app, guests no longer need to pull out their mobile phones and scan the QR code to check into the loyalty program or further authenticate payment, which is done through a biometric scan.\u201d
\nJ.P. Morgan began testing biometric payments at retailers last year. Efforts like this come in response to consumer demand for biometric authentication offerings.
\nThe PYMNTS Intelligence report \u201cConsumer Authentication Preferences for Online Banking and Transactions\u201d found that close to half of all consumers had used biometrics \u2014 fingerprint, face or voice recognition \u2014 to gain access to online accounts and payment methods in the month before being surveyed.
\nFifty-two percent of that group said biometrics was their preferred authentication method. In addition, the study found that 31% of consumers see biometrics as the most secure method for authentication, while 9% of consumers said the same about passwords. The data also showed that respondents saw biometrics as somewhat more convenient, faster and easier to use than passwords.
\nAnother PYMNTS Intelligence report \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile\u201d showed that two-thirds of consumers use or show interest in biometric identification methods. Eighty percent of consumers using biometric authentication said they use the technology to make purchases with their mobile devices.
\nThe post J.P. Morgan Expands Biometric Payments Pact With PopID appeared first on PYMNTS.com.
\n", "content_text": "J.P. Morgan Payments expanded its partnership with consumer authentication firm PopID.\nThe collaboration offers in-store biometric payments to merchants in pilot programs across the United States, allowing shoppers to use a \u201cpay-by-face\u201d system without relying on their phones or credit cards, according to a Tuesday (Aug. 6) press release.\n\u201cBiometric loyalty program check-in and payment provides a swift ordering and checkout experience for merchants and customers alike,\u201d the release said. \u201cPopID research has shown the platform decreases ordering and checkout times by up to 90 seconds per transaction and can increase ticket size by 4%.\u201d\nAmong the merchants using the program is fast food chain Whataburger, which is already accepting biometric payments through PopID\u2019s solution and now plans to extend biometric payments with J.P. Morgan Payments\u2019 processing, per the release.\n\u201cWhataburger has already seen a positive impact with faster checkout times and increased loyalty engagement at the counter and on self-ordering kiosks,\u201d the release said. \u201cAfter registering for biometric loyalty and payment in the Whataburger mobile app, guests no longer need to pull out their mobile phones and scan the QR code to check into the loyalty program or further authenticate payment, which is done through a biometric scan.\u201d\nJ.P. Morgan began testing biometric payments at retailers last year. Efforts like this come in response to consumer demand for biometric authentication offerings.\nThe PYMNTS Intelligence report \u201cConsumer Authentication Preferences for Online Banking and Transactions\u201d found that close to half of all consumers had used biometrics \u2014 fingerprint, face or voice recognition \u2014 to gain access to online accounts and payment methods in the month before being surveyed.\nFifty-two percent of that group said biometrics was their preferred authentication method. In addition, the study found that 31% of consumers see biometrics as the most secure method for authentication, while 9% of consumers said the same about passwords. The data also showed that respondents saw biometrics as somewhat more convenient, faster and easier to use than passwords.\nAnother PYMNTS Intelligence report \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile\u201d showed that two-thirds of consumers use or show interest in biometric identification methods. Eighty percent of consumers using biometric authentication said they use the technology to make purchases with their mobile devices.\nThe post J.P. Morgan Expands Biometric Payments Pact With PopID appeared first on PYMNTS.com.", "date_published": "2024-08-06T10:17:57-04:00", "date_modified": "2024-08-06T11:20:50-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2023/12/JPMorgan-Payments.jpg", "tags": [ "authentication", "Biometrics", "Editor's Picks", "jpmorgan", "loyalty rewards", "News", "partnerships", "PopID", "PYMNTS News", "Technology", "What's Hot", "yf" ] }, { "id": "https://www.pymnts.com/?p=2016956", "url": "https://www.pymnts.com/news/biometrics/2024/worldline-and-payeye-team-on-biometric-payments/", "title": "Worldline and PayEye Team on Biometric Payments", "content_html": "Worldline\u00a0has formed a partnership with\u00a0PayEye\u00a0based around biometric, cashless payments.
\nPer a\u00a0report\u00a0Thursday (July 25) from the website Biometric Update, the collaboration is designed to use biometrics to bolster security measures and reduce the risk of fraud and unauthorized transactions.
\nAs the report notes, PayEye\u2019s offerings include the eyePOS payment terminal, which lets users carry out transactions via a combination of iris and facial biometrics.
\n\u201cPutting together our potentials will help us go down in history as innovators setting new trends in the global payment markets, from which \u2014 thanks to even greater convenience and security in the payment process \u2014 our customers stand to benefit the most,\u201d Artur \u017byma\u0144czyk, Worldline\u2019s country manager for Poland, said in the report.
\nAs noted here earlier this year, leveraging biometric information for authentication represents one of the latest frontiers in the continuing evolution of payments.
\n\u201cBiometric authentication, while it exists for other aspects of our lives, is not a huge thing at this stage for payments \u2014 but as far as payments goes, it is the future,\u201d\u00a0Marc Hopkins, vice president at\u00a0E-Complish, told PYMNTS.
\nAnd although biometric authentication for payments isn\u2019t yet ubiquitous, that report argues, the technology is poised to reshape how consumers make payments.
\n\u201cThe ability for a customer to go buy a cup of coffee and not have to have to whip out their phone or their wallet, to simply just place their finger and scan to process a payment is ideal,\u201d Hopkins said. \u201cWe currently are pretty much a\u00a0cashless society, so you can think of bio payments as making us a cardless and eventually phoneless society.\u201d
\nAnd unlike stolen cards or compromised passwords, biometric data is inherently linked to an individual and much harder to replicate, meaning that the adoption of biometric payments is expected to be swift, as consumers demand both convenience and heightened security.
\n\u201cCompanies are spending thousands, millions, collectively billions on\u00a0fraud prevention. Biometric payments can help reduce that cost,\u201d said Hopkins.
\nWorldline last week formed a partnership with intelligent vending machine company\u00a0Selfly Store, working with payment expert Antenor to integrate a\u00a0contactless payment solution\u00a0with Selfly\u2019s machines, which are designed to provide an autonomous meal/snack solution for venues such as hotels and offices.
\n\u201cCrafted by payment expert Antenor on Worldline\u2019s full payment offer, the solution incorporates a series of unattended terminals, Worldline\u2019s omni-channel acceptance platform and Worldline\u2019s international acquiring solution,\u201d the companies said in a news release.
\nThe post Worldline and PayEye Team on Biometric Payments appeared first on PYMNTS.com.
\n", "content_text": "Worldline\u00a0has formed a partnership with\u00a0PayEye\u00a0based around biometric, cashless payments.\nPer a\u00a0report\u00a0Thursday (July 25) from the website Biometric Update, the collaboration is designed to use biometrics to bolster security measures and reduce the risk of fraud and unauthorized transactions.\nAs the report notes, PayEye\u2019s offerings include the eyePOS payment terminal, which lets users carry out transactions via a combination of iris and facial biometrics.\n\u201cPutting together our potentials will help us go down in history as innovators setting new trends in the global payment markets, from which \u2014 thanks to even greater convenience and security in the payment process \u2014 our customers stand to benefit the most,\u201d Artur \u017byma\u0144czyk, Worldline\u2019s country manager for Poland, said in the report.\nAs noted here earlier this year, leveraging biometric information for authentication represents one of the latest frontiers in the continuing evolution of payments.\n\u201cBiometric authentication, while it exists for other aspects of our lives, is not a huge thing at this stage for payments \u2014 but as far as payments goes, it is the future,\u201d\u00a0Marc Hopkins, vice president at\u00a0E-Complish, told PYMNTS.\nAnd although biometric authentication for payments isn\u2019t yet ubiquitous, that report argues, the technology is poised to reshape how consumers make payments.\n\u201cThe ability for a customer to go buy a cup of coffee and not have to have to whip out their phone or their wallet, to simply just place their finger and scan to process a payment is ideal,\u201d Hopkins said. \u201cWe currently are pretty much a\u00a0cashless society, so you can think of bio payments as making us a cardless and eventually phoneless society.\u201d\nAnd unlike stolen cards or compromised passwords, biometric data is inherently linked to an individual and much harder to replicate, meaning that the adoption of biometric payments is expected to be swift, as consumers demand both convenience and heightened security.\n\u201cCompanies are spending thousands, millions, collectively billions on\u00a0fraud prevention. Biometric payments can help reduce that cost,\u201d said Hopkins.\nWorldline last week formed a partnership with intelligent vending machine company\u00a0Selfly Store, working with payment expert Antenor to integrate a\u00a0contactless payment solution\u00a0with Selfly\u2019s machines, which are designed to provide an autonomous meal/snack solution for venues such as hotels and offices.\n\u201cCrafted by payment expert Antenor on Worldline\u2019s full payment offer, the solution incorporates a series of unattended terminals, Worldline\u2019s omni-channel acceptance platform and Worldline\u2019s international acquiring solution,\u201d the companies said in a news release.\nThe post Worldline and PayEye Team on Biometric Payments appeared first on PYMNTS.com.", "date_published": "2024-07-25T16:12:47-04:00", "date_modified": "2024-07-25T16:12:47-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2023/05/biometrics.jpg", "tags": [ "biometric payments", "Biometrics", "digital transformation", "News", "partnerships", "PayEye", "PYMNTS News", "Technology", "What's Hot", "Worldline" ] }, { "id": "https://www.pymnts.com/?p=1967937", "url": "https://www.pymnts.com/news/biometrics/2024/google-testing-facial-recognition-based-security-system-for-offices/", "title": "Google Testing Facial Recognition-Based Security System for Offices", "content_html": "Google is reportedly testing a facial recognition-based security system at one of its offices.
\nThe company is using the technology to spot unauthorized visitors and keep them from entering the office, CNBC reported Wednesday (June 26).
\n\u201cFor many years our security team has been testing and implementing new systems and protections to help keep our people and spaces as safe as possible,\u201d a Google spokesperson said in the report.
\nIn the company\u2019s test of facial recognition technology includes interior security cameras that collect facial data and compare it to images from employee badges to spot any unauthorized visitors, according to the report.
\nIn addition, Google\u2019s Security and Resilience Services (GSRS) team will use the data to spot people who are known to pose a security risk, the report said.
\nPeople entering the building are not allowed to opt out of the facial screening, per the report. The data is not stored.
\nThe test of this technology comes at a time when Google is adding artificial intelligence (AI) across its product line, and when facial recognition technology has been raising concerns about privacy, according to the report.
\nOther tech companies have also faced concerns centered on this technology. Amazon, Microsoft and IBM have placed restrictions on the sale of their facial recognition technology to police, and Amazon was once questioned by U.S. senators about its use of AI-equipped cameras in its delivery vans, the report said.
\nBiometrics like facial recognition offer potential benefits such as enhanced security and streamlined processes but also face complexities and concerns around privacy, data protection and implementation hurdles, PYMNTS reported in April.
\nAmid concerns about potential societal harms, Big Tech companies are increasingly enforcing guardrails around facial recognition and AI systems.
\nOn the other hand, PYMNTS Intelligence has found that people are getting more used to logging into their favorite apps on their smartphones using facial recognition or their fingerprints.
\nNearly half of online shoppers in the U.S. use some type of biometric authentication method for purchasing online, according to \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile,\u201d a PYMNTS Intelligence and AWS collaboration.
\nThe post Google Testing Facial Recognition-Based Security System for Offices appeared first on PYMNTS.com.
\n", "content_text": "Google is reportedly testing a facial recognition-based security system at one of its offices.\nThe company is using the technology to spot unauthorized visitors and keep them from entering the office, CNBC reported Wednesday (June 26).\n\u201cFor many years our security team has been testing and implementing new systems and protections to help keep our people and spaces as safe as possible,\u201d a Google spokesperson said in the report.\nIn the company\u2019s test of facial recognition technology includes interior security cameras that collect facial data and compare it to images from employee badges to spot any unauthorized visitors, according to the report.\nIn addition, Google\u2019s Security and Resilience Services (GSRS) team will use the data to spot people who are known to pose a security risk, the report said.\nPeople entering the building are not allowed to opt out of the facial screening, per the report. The data is not stored.\nThe test of this technology comes at a time when Google is adding artificial intelligence (AI) across its product line, and when facial recognition technology has been raising concerns about privacy, according to the report.\nOther tech companies have also faced concerns centered on this technology. Amazon, Microsoft and IBM have placed restrictions on the sale of their facial recognition technology to police, and Amazon was once questioned by U.S. senators about its use of AI-equipped cameras in its delivery vans, the report said.\nBiometrics like facial recognition offer potential benefits such as enhanced security and streamlined processes but also face complexities and concerns around privacy, data protection and implementation hurdles, PYMNTS reported in April.\nAmid concerns about potential societal harms, Big Tech companies are increasingly enforcing guardrails around facial recognition and AI systems.\nOn the other hand, PYMNTS Intelligence has found that people are getting more used to logging into their favorite apps on their smartphones using facial recognition or their fingerprints.\nNearly half of online shoppers in the U.S. use some type of biometric authentication method for purchasing online, according to \u201cTracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile,\u201d a PYMNTS Intelligence and AWS collaboration.\nThe post Google Testing Facial Recognition-Based Security System for Offices appeared first on PYMNTS.com.", "date_published": "2024-06-26T21:32:21-04:00", "date_modified": "2024-06-26T21:33:17-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/06/Google-facial-recognition.jpg", "tags": [ "AI Security", "Biometrics", "facial recognition", "Google", "Google Security and Resilience Services", "News", "PYMNTS News", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=1956152", "url": "https://www.pymnts.com/news/biometrics/2024/iproov-earns-first-fido-certification-for-face-biometric-verification/", "title": "iProov Earns First FIDO Certification for Face Biometric Verification", "content_html": "Identity verification provider\u00a0iProov\u00a0says its biometric tool has achieved a notable milestone.
\nThe science powering that tool, iProov\u2019s Dynamic Liveness Solution, is the first to receive the new global certification on face biometric identity verification from industry association the\u00a0FIDO Alliance, iProov\u00a0said in a Thursday (June 6) news release.
\n\u201cThis program is the premier certification to assess the performance and usability of remote identity verification systems based on facial biometrics,\u201d the company said in the\u00a0release.
\n\u201cIn a rigorous process conducted by Ingenium Biometrics, a FIDO face verification accredited lab, which consisted of no less than 10,000 tests, iProov\u2019s Dynamic Liveness achieved a flawless success record with no attacks passing the system.\u201d
\nAmid an explosion of digital identity verification \u2014 driven by the worldwide digital transformation \u2014 FIDO is working to help organizations to make informed decisions when selecting biometric identity verification solutions and ensure access to digital services for everyone, iProov said.
\n\u201cFor the first time, governments and enterprises worldwide can rely on an industry-recognized, large-scale biometric performance standard and certification program,\u201d said\u00a0Andrew Bud, founder and CEO of iProov.
\n\u201cFinally, they can specify and procure biometrics with presentation attack liveness defenses with confidence in a third-party benchmark.\u201d
\nAs PYMNTS wrote last month, one of the newest frontiers in the continuing evolution of payments is using biometric information for authentication, where someone’s very characteristics \u2014 fingerprints,\u00a0facial features\u00a0or iris patterns \u2014 are used to authorize transactions securely and safely.
\n\u201cBiometric authentication, while it exists for other aspects of our lives, is not a huge thing at this stage for payments \u2014 but as far as payments goes, it is the future,\u201d\u00a0Marc Hopkins, vice president at\u00a0E-Complish, said in an interview with PYMNTS.
\nAnd even though\u00a0biometric authentication for payments\u00a0isn\u2019t yet omnipresent, the technology is set to reshape how consumers interact with the payment ecosystem as well as the daily transactions that make up their everyday lives.
\n\u201cThe ability for a customer to go buy a cup of coffee and not have to have to whip out their phone or their wallet, to simply just place their finger and scan to process a payment is ideal,\u201d Hopkins said.
\n\u201cWe currently are pretty much a\u00a0cashless society, so you can think of bio payments as making us a cardless and eventually phoneless society,\u201d he said.
\nThe post iProov Earns First FIDO Certification for Face Biometric Verification appeared first on PYMNTS.com.
\n", "content_text": "Identity verification provider\u00a0iProov\u00a0says its biometric tool has achieved a notable milestone.\nThe science powering that tool, iProov\u2019s Dynamic Liveness Solution, is the first to receive the new global certification on face biometric identity verification from industry association the\u00a0FIDO Alliance, iProov\u00a0said in a Thursday (June 6) news release.\n\u201cThis program is the premier certification to assess the performance and usability of remote identity verification systems based on facial biometrics,\u201d the company said in the\u00a0release.\n\u201cIn a rigorous process conducted by Ingenium Biometrics, a FIDO face verification accredited lab, which consisted of no less than 10,000 tests, iProov\u2019s Dynamic Liveness achieved a flawless success record with no attacks passing the system.\u201d\nAmid an explosion of digital identity verification \u2014 driven by the worldwide digital transformation \u2014 FIDO is working to help organizations to make informed decisions when selecting biometric identity verification solutions and ensure access to digital services for everyone, iProov said.\n\u201cFor the first time, governments and enterprises worldwide can rely on an industry-recognized, large-scale biometric performance standard and certification program,\u201d said\u00a0Andrew Bud, founder and CEO of iProov.\n\u201cFinally, they can specify and procure biometrics with presentation attack liveness defenses with confidence in a third-party benchmark.\u201d\nAs PYMNTS wrote last month, one of the newest frontiers in the continuing evolution of payments is using biometric information for authentication, where someone’s very characteristics \u2014 fingerprints,\u00a0facial features\u00a0or iris patterns \u2014 are used to authorize transactions securely and safely.\n\u201cBiometric authentication, while it exists for other aspects of our lives, is not a huge thing at this stage for payments \u2014 but as far as payments goes, it is the future,\u201d\u00a0Marc Hopkins, vice president at\u00a0E-Complish, said in an interview with PYMNTS.\nAnd even though\u00a0biometric authentication for payments\u00a0isn\u2019t yet omnipresent, the technology is set to reshape how consumers interact with the payment ecosystem as well as the daily transactions that make up their everyday lives.\n\u201cThe ability for a customer to go buy a cup of coffee and not have to have to whip out their phone or their wallet, to simply just place their finger and scan to process a payment is ideal,\u201d Hopkins said.\n\u201cWe currently are pretty much a\u00a0cashless society, so you can think of bio payments as making us a cardless and eventually phoneless society,\u201d he said.\nThe post iProov Earns First FIDO Certification for Face Biometric Verification appeared first on PYMNTS.com.", "date_published": "2024-06-06T15:24:32-04:00", "date_modified": "2024-06-06T15:24:32-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2022/02/biometrics.jpg", "tags": [ "authentication", "biometric identity verification", "Biometrics", "fido alliance", "identity verification", "iProov", "News", "PYMNTS News", "Technology", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=1947890", "url": "https://www.pymnts.com/news/biometrics/2024/worldcoin-ordered-stop-iris-scanning-operations-hong-kong/", "title": "Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong", "content_html": "Worldcoin, the eyeball-scanning digital identity startup co-founded by\u00a0OpenAI\u00a0CEO\u00a0Sam Altman, has been ordered to cease its operations in\u00a0Hong Kong.
\nHong Kong\u2019s\u00a0Office of the Privacy Commissioner for Personal Data\u00a0(PCPD) said in a Wednesday (May 22)\u00a0press release\u00a0that it has directed the organization to stop scanning and collecting iris and face images of\u00a0members of the public.
\nThe PCPD found that the Worldcoin project violated Hong Kong\u2019s Personal Data (Privacy) Ordinance (PDPO), according to the release.
\nReached by PYMNTS, Worldcoin Foundation provided an emailed statement saying that it is \u201cdisappointed\u201d by the PCPD\u2019s views.
\n\u201cWorldcoin operates lawfully and is designed to be fully compliant with all laws and regulations governing data collection and use, including the Personal Data (Privacy) Ordinance of Hong Kong, among many other similar statutes across other markets,\u201d the statement said.
\n\u201cIn an effort to prepare humanity for the age of AI, the Foundation continues to raise the privacy bar through data minimization, user control over data and advanced technology such as personal custody, iris code deletion, and secure multi-party computation,\u201d it added. \u201cUnfortunately, the authorities in Hong Kong overlooked these aspects in their evaluation of the humanness verification process.\u201d
\nDuring the\u00a0PCDP\u2019s investigation, it\u00a0determined that during Worldcoin\u2019s operation in Hong Kong, more than 8,000 individuals had their faces and irises scanned for verification, the release said.\u00a0These people were told\u00a0that they would then be able to receive free Worldcoin tokens, a cryptocurrency, at regular intervals.
\nIn its press release, the PCPD invited members of the public to inform the office if they see Worldcoin operating its iris scanning devices anywhere in Hong Kong.
\nWhen announcing in 2021 that it raised $25 million in funding from investors, Worldcoin said it aimed to spread the reach of\u00a0cryptocurrency\u00a0and financial services\u00a0as a whole by having users get their irises scanned.\u00a0The image would be encrypted\u00a0and turned into a code, and then users would be given a free share of the Worldcoin cryptocurrency.
\nWorldcoin CEO and Co-founder\u00a0Alex Blania\u00a0said\u00a0at the time\u00a0that crypto is \u201ca very powerful\u00a0thing.\u201d
\n\u201cIt will widen the boundaries of the economy in general and give many people access,\u201d Blania said. \u201cWe designed the whole system to be fundamentally privacy-preserving.\u00a0The iris code itself is the only thing leaving the orb. There\u2019s no big database of biometric data.\u201d
\nIn July, Worldcoin launched its technology and\u00a0its\u00a0cryptocurrency\u00a0in 35 cities across 20 countries. It did not launch them in the United States because of concerns about speculation and fraud.
\nA month later, Kenya became the world\u2019s first nation to suspend Worldcoin\u2019s operations, saying it was concerned about the organization\u2019s collection of\u00a0iris data.
\nA spokesperson for Worldcoin told PYMNTS at the time: \u201cDuring the pause, the team will develop an onboarding program that encompasses more robust crowd control measures and work with local officials to increase understanding of the privacy measures and commitments Worldcoin implements, not only in Kenya but everywhere.\u201d
\nThe\u00a0organization has also\u00a0been ordered\u00a0to stop its operations in\u00a0Spain\u00a0and\u00a0Portugal.
\nThe post Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong appeared first on PYMNTS.com.
\n", "content_text": "Worldcoin, the eyeball-scanning digital identity startup co-founded by\u00a0OpenAI\u00a0CEO\u00a0Sam Altman, has been ordered to cease its operations in\u00a0Hong Kong.\nHong Kong\u2019s\u00a0Office of the Privacy Commissioner for Personal Data\u00a0(PCPD) said in a Wednesday (May 22)\u00a0press release\u00a0that it has directed the organization to stop scanning and collecting iris and face images of\u00a0members of the public.\nThe PCPD found that the Worldcoin project violated Hong Kong\u2019s Personal Data (Privacy) Ordinance (PDPO), according to the release.\nReached by PYMNTS, Worldcoin Foundation provided an emailed statement saying that it is \u201cdisappointed\u201d by the PCPD\u2019s views.\n\u201cWorldcoin operates lawfully and is designed to be fully compliant with all laws and regulations governing data collection and use, including the Personal Data (Privacy) Ordinance of Hong Kong, among many other similar statutes across other markets,\u201d the statement said.\n\u201cIn an effort to prepare humanity for the age of AI, the Foundation continues to raise the privacy bar through data minimization, user control over data and advanced technology such as personal custody, iris code deletion, and secure multi-party computation,\u201d it added. \u201cUnfortunately, the authorities in Hong Kong overlooked these aspects in their evaluation of the humanness verification process.\u201d\nDuring the\u00a0PCDP\u2019s investigation, it\u00a0determined that during Worldcoin\u2019s operation in Hong Kong, more than 8,000 individuals had their faces and irises scanned for verification, the release said.\u00a0These people were told\u00a0that they would then be able to receive free Worldcoin tokens, a cryptocurrency, at regular intervals.\nIn its press release, the PCPD invited members of the public to inform the office if they see Worldcoin operating its iris scanning devices anywhere in Hong Kong.\nWhen announcing in 2021 that it raised $25 million in funding from investors, Worldcoin said it aimed to spread the reach of\u00a0cryptocurrency\u00a0and financial services\u00a0as a whole by having users get their irises scanned.\u00a0The image would be encrypted\u00a0and turned into a code, and then users would be given a free share of the Worldcoin cryptocurrency.\nWorldcoin CEO and Co-founder\u00a0Alex Blania\u00a0said\u00a0at the time\u00a0that crypto is \u201ca very powerful\u00a0thing.\u201d\n\u201cIt will widen the boundaries of the economy in general and give many people access,\u201d Blania said. \u201cWe designed the whole system to be fundamentally privacy-preserving.\u00a0The iris code itself is the only thing leaving the orb. There\u2019s no big database of biometric data.\u201d\nIn July, Worldcoin launched its technology and\u00a0its\u00a0cryptocurrency\u00a0in 35 cities across 20 countries. It did not launch them in the United States because of concerns about speculation and fraud.\nA month later, Kenya became the world\u2019s first nation to suspend Worldcoin\u2019s operations, saying it was concerned about the organization\u2019s collection of\u00a0iris data.\nA spokesperson for Worldcoin told PYMNTS at the time: \u201cDuring the pause, the team will develop an onboarding program that encompasses more robust crowd control measures and work with local officials to increase understanding of the privacy measures and commitments Worldcoin implements, not only in Kenya but everywhere.\u201d\nThe\u00a0organization has also\u00a0been ordered\u00a0to stop its operations in\u00a0Spain\u00a0and\u00a0Portugal.\nThe post Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong appeared first on PYMNTS.com.", "date_published": "2024-05-22T17:44:38-04:00", "date_modified": "2024-05-22T20:23:01-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/05/Worldcoin-PCPD-Hong-Kong.jpeg", "tags": [ "authentication", "Biometrics", "Bitcoin", "Blockchain", "Cryptocurrency", "digital identity", "Hong Kong", "identity verification", "international", "News", "privacy", "PYMNTS News", "startups", "What's Hot", "Worldcoin" ] }, { "id": "https://www.pymnts.com/?p=1938497", "url": "https://www.pymnts.com/news/biometrics/2024/microsofts-facial-recognition-ban-points-to-growing-qualms-over-privacy/", "title": "Microsoft\u2019s Facial-Recognition Ban Points to Growing Qualms Over Privacy\u00a0", "content_html": "Microsoft\u2019s decision to ban police departments from using its Azure OpenAI Service for facial recognition reflects the technology industry\u2019s struggle to balance the promises and perils of artificial intelligence (AI).
\nThe move signals that Big Tech companies are increasingly enforcing guardrails around AI systems amid concerns about potential societal harms. Experts say it\u2019s an example of why businesses need to be careful how they use AI.
\n\u201cFacial recognition technology carries immense privacy harms, which is why the EU AI Act has denominated it as an unacceptable risk and severely limited its usage,\u201d Gal Ringel, co-founder and CEO at data privacy firm Mine, told PYMNTS. \u201cEven without a federal AI law in place in the U.S., companies need to be aware of the AI capabilities they are developing and restrict unnecessary usage accordingly.\u201d
\nLast year, the Federal Trade Commission (FTC) warned that the increased use of biometrics raises serious concerns about security, privacy, and discrimination.
\nIn an email to PYMNTS, a Microsoft spokesperson revealed that the company had updated its code of conduct on Thursday (May 2). The new language prohibits Microsoft\u2019s artificial intelligence (AI) service from being used for facial recognition purposes by or for law enforcement agencies within the United States.
\n\u201cMicrosoft is banning it because, as a whole, there is still some hesitancy and trepidation regarding the use of facial recognition by police,\u201d Bob Eckel, the CEO of Aware, a biometric solutions provider, told PYMNTS. \u201cSome argue that facial recognition fosters discrimination by being less accurate for certain races, nationalities and ethnicities. However, this is not true.\u201d
\nEmphasizing the advancements in facial recognition accuracy, Eckel said, \u201cToday\u2019s facial recognition tools are tested and validated by trustworthy third parties, and certain states require police agencies using facial recognition to only use software deemed to be at least 98 percent accurate across all demographics.\u201d
\nRingel said the U.S. government has not always supported tech companies\u2019 efforts to protect user privacy. He noted that in the past, the government has pressured companies like Apple to unlock phones to assist law enforcement investigations.
\n\u201cI hope, given these are only police departments and thus this is more of a local issue, that Microsoft won\u2019t face any retribution for trying to safeguard its AI usage,\u201d he said.
\nTech consultant John Bambenek emphasized the global implications of Microsoft\u2019s ban, telling PYMNTS, \u201cIt\u2019s important to note that this applies to law enforcement everywhere, so this couldn\u2019t be used by governments that have a different idea of civil rights to identify, for instance, members of persecuted groups or political opposition.\u201d
\nThe ban raises questions about the broader implications for enterprises utilizing facial recognition technology. \u201cSo far, facial recognition in law enforcement seems to be the only area where the risks have slowed down adoption,\u201d Bambenek said. \u201cBut Microsoft is essentially saying they can\u2019t solve the problem, which begs the question \u2026 what other risks are there (or will there be), and can they be prevented before harm is done.\u201d
\nThe post Microsoft\u2019s Facial-Recognition Ban Points to Growing Qualms Over Privacy\u00a0 appeared first on PYMNTS.com.
\n", "content_text": "Microsoft\u2019s decision to ban police departments from using its Azure OpenAI Service for facial recognition reflects the technology industry\u2019s struggle to balance the promises and perils of artificial intelligence (AI).\nThe move signals that Big Tech companies are increasingly enforcing guardrails around AI systems amid concerns about potential societal harms. Experts say it\u2019s an example of why businesses need to be careful how they use AI.\n\u201cFacial recognition technology carries immense privacy harms, which is why the EU AI Act has denominated it as an unacceptable risk and severely limited its usage,\u201d Gal Ringel, co-founder and CEO at data privacy firm Mine, told PYMNTS. \u201cEven without a federal AI law in place in the U.S., companies need to be aware of the AI capabilities they are developing and restrict unnecessary usage accordingly.\u201d\nLast year, the Federal Trade Commission (FTC) warned that the increased use of biometrics raises serious concerns about security, privacy, and discrimination.\nShutting Down Access\nIn an email to PYMNTS, a Microsoft spokesperson revealed that the company had updated its code of conduct on Thursday (May 2). The new language prohibits Microsoft\u2019s artificial intelligence (AI) service from being used for facial recognition purposes by or for law enforcement agencies within the United States.\n\u201cMicrosoft is banning it because, as a whole, there is still some hesitancy and trepidation regarding the use of facial recognition by police,\u201d Bob Eckel, the CEO of Aware, a biometric solutions provider, told PYMNTS. \u201cSome argue that facial recognition fosters discrimination by being less accurate for certain races, nationalities and ethnicities. However, this is not true.\u201d\nEmphasizing the advancements in facial recognition accuracy, Eckel said, \u201cToday\u2019s facial recognition tools are tested and validated by trustworthy third parties, and certain states require police agencies using facial recognition to only use software deemed to be at least 98 percent accurate across all demographics.\u201d\nRingel said the U.S. government has not always supported tech companies\u2019 efforts to protect user privacy. He noted that in the past, the government has pressured companies like Apple to unlock phones to assist law enforcement investigations.\n\u201cI hope, given these are only police departments and thus this is more of a local issue, that Microsoft won\u2019t face any retribution for trying to safeguard its AI usage,\u201d he said.\nImplications for Business\nTech consultant John Bambenek emphasized the global implications of Microsoft\u2019s ban, telling PYMNTS, \u201cIt\u2019s important to note that this applies to law enforcement everywhere, so this couldn\u2019t be used by governments that have a different idea of civil rights to identify, for instance, members of persecuted groups or political opposition.\u201d\nThe ban raises questions about the broader implications for enterprises utilizing facial recognition technology. \u201cSo far, facial recognition in law enforcement seems to be the only area where the risks have slowed down adoption,\u201d Bambenek said. \u201cBut Microsoft is essentially saying they can\u2019t solve the problem, which begs the question \u2026 what other risks are there (or will there be), and can they be prevented before harm is done.\u201d\nThe post Microsoft\u2019s Facial-Recognition Ban Points to Growing Qualms Over Privacy\u00a0 appeared first on PYMNTS.com.", "date_published": "2024-05-03T17:22:09-04:00", "date_modified": "2024-05-03T17:22:09-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/05/Microsoft-facial-recognition.png", "tags": [ "AI", "artificial intelligence", "Big Tech", "Biometrics", "facial recognition", "law enforcement", "Microsoft", "News", "OpenAI", "privacy", "PYMNTS News", "regulations", "Technology" ] } ] }