Is facial recognition growing too fast for its — and our — own good? In the wake several wrongful arrests and incorrect ID attempts, facial recognition software is facing renewed questioning. A report Saturday (Jan. 7) by Axios detailed what it called “alarming pitfalls” to...
Facial biometrics technology is transitioning from mobile-focused to a more widely relevant authentication solution. The concept of unlocking a smartphone with facial recognition has been around for several years. Apple’s FaceID was launched in 2017, for example, and in the years since a growing number...
Italian banking group Sella Group has collaborated with IDEMIA to launch biometric payment cards that are powered by IDEX Biometrics’ TrustedBio fingerprint sensor solution. Sella Group, which has a presence in five countries, will offer the new biometric payment card to select target segments, IDEX...
While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds and understated the delays caused by its processing of applications. Those are among the findings of two Congressional committees that...
Along with the pressure to speed up digital transformation at the onset of the pandemic, businesses around the world soon realized that the acceleration would need to be accompanied by security-reinforced identity verification and user authentication to fight growing online fraud, while offering users a...
Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which fraudsters try to steal personally identifiable information (PII). Phishing scams were the lure of choice before the pandemic, he said....
In a report last month, the Manchester Evening News ran a rather sensational headline: “Aldi, ASDA, Tesco, Lidl, Morrisons and Sainsbury’s could soon urge you NOT to use cash or card to pay.” It wasn’t long before the internet was awash with rumors that this-or-that...
The U.K.’s data-privacy watchdog’s recent $10 million fine on facial recognition company Clearview AI Inc. could spur innovation in the space, including advancements in payments technology, as it “sets clearer ground rules for balancing software innovation with people’s right to privacy,” according to a report...
As grocery shoppers who are used to the speed and convenience of online shopping grow frustrated with the time-intensive process of traditional checkout, businesses are finding new ways to remove friction from the payment process. Last week, Mastercard announced the addition of biometric payment options,...
