PYMNTS-MonitorEdge-May-2024

biometrics

Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong
Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong
May 22, 2024  |  Biometrics

Worldcoin, the eyeball-scanning digital identity startup co-founded by OpenAI CEO Sam Altman, has been ordered to cease its operations in Hong Kong. Hong Kong’s Office of the Privacy Commissioner for...

READ MORE >
Apple Previews Eye Tracking and Other Accessibility Tools
Apple Previews Eye Tracking and Other Accessibility Tools
May 15, 2024  |  Apple

Imagine being able to control your iPhone not with your hand, but with your eyes. Apple says that scenario could soon be a reality, part of...

READ MORE >
Biometric Wallets Emerge as Payments Modernization Strategy
Biometric Wallets Emerge as Payments Modernization Strategy
May 08, 2024  |  Payments Innovation

As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging...

READ MORE >
Microsoft’s Facial-Recognition Ban Points to Growing Qualms Over Privacy 
Microsoft’s Facial-Recognition Ban Points to Growing Qualms Over Privacy 
May 03, 2024  |  Biometrics

Microsoft’s decision to ban police departments from using its Azure OpenAI Service for facial recognition reflects the technology industry’s struggle to balance the promises and...

READ MORE >
This Week in AI: Anthropic Goes to iPhone, AI Programming, Europe’s Rise
This Week in AI: Anthropic Goes to iPhone, AI Programming, Europe’s Rise
May 03, 2024  |  Artificial Intelligence

This week in artificial intelligence, Anthropic is launching its first smartphone app. In computer programming, AI is rapidly reshaping practices from Silicon Valley to major...

READ MORE >
Microsoft Bans Police Use of AI Service for Facial Recognition
Microsoft Bans Police Use of AI Service for Facial Recognition
May 02, 2024  |  artificial intelligence

Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this...

READ MORE >
Private Equity Firm Permira Acquires Majority Stake in Fraud Prevention Firm BioCatch
Private Equity Firm Permira Acquires Majority Stake in Fraud Prevention Firm BioCatch
May 02, 2024  |  Acquisitions

Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch.  The agreement, announced Thursday (May 2), values BioCatch at $1.3...

READ MORE >
Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams
Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams
May 01, 2024  |  Fraud Prevention

Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce.  And in an era where technology has become increasingly...

READ MORE >
Worldcoin Explores Partnership With OpenAI Amid Regulatory Pressure
Worldcoin Explores Partnership With OpenAI Amid Regulatory Pressure
April 25, 2024  |  Partnerships

Eyeball scanning digital ID startup Worldcoin is reportedly considering a partnership with tech company OpenAI.  This exploration comes after months of privacy-focused scrutiny from regulators around the...

READ MORE >