Biometrics

The payments technology provider is adding a handprint biometric digital ID to its authentication system through a partnership with the French fintech A3BC.

The Faster Identity Online Alliance has established its first user-experience guidelines and delivered new standards designed to more quickly move authentication processes past traditional username-and-password combinations.

Citing the risk of bias and misidentification, cities and civil liberties groups are calling more loudly for a ban on the use of face scans.

The e-commerce giant's Amazon One palm-scanning can enroll consumers for building access and other use cases that require an ID.

With mobile payments and banking apps on the rise, biometric authentication is now increasingly common in consumer finance, says Fingerprints' Michel Roig.

With the ongoing coronavirus pandemic prompting more consumers to use contactless payments, the U.K.’s banks have lobbied for higher contactless payments limits, a move which could benefit the biometrics payments industry.

Biometric authentication has always been a challenging subject with consumers, who are accustomed to using the technology to unlock their phones but are still wary about how much personal information they share with retailers and card issuers.

U.S. financial institutions should prepare for potential new regulations around data privacy and protection, digital identity verification and the use of biometrics, says OneSpan's Michael Magrath.

The widespread shift to e-commerce and touchless payments during the pandemic has escalated fraud risk in those channels, including the possibility of fraudsters combining altered photos with synthetic ID, Experian warns.

With the advances in technology and digitization, and evolving security threats, it’s time for smarter, more robust authentication methods, says Entersekt's Dewald Nolte.