Biometrics

In the near future, branch authentication will likely rely more on things like iris scans and palm readers than physical ID cards.

The speed of the crooks and the threat to retailers and customer data is more than enough reason to get aggressive with new identity protections.

Mastercard has added another layer to its security for the evolving Internet of Things (IoT) with the acquisition of NuData, a Vancouver, Canada-based company whose technology analyzes biometric and behavioral patterns.

As multi-factor identification becomes the norm, biometrics can be one or more steps that consumers can easily execute.

Royal Bank of Canada has long been enthusiastic about payment technology that most other banks usually see as long-term projects.

Biometric authentication has been around for a while, but companies are still finding new uses for it in payments and commerce. Here are some of the latest developments.

Samsung Electronics Co.’s new Galaxy S8 will employ facial-recognition technology for mobile payments within months of release, adding cutting-edge security to help the marquee device stand out from rivals such as Apple Inc.’s iPhone, people familiar with the matter said.

In an increasingly digital world, retailers are working to bring transactions closer to the shopper and further away from traditional hardware.

Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too.

The human voice changes more quickly than you’d think, and this has to be taken into account by voice-recognition systems.

By using biometrics, merchants can tie user identity to the actual consumer, a better option than EMV chip cards.

The attack goes after the social network customer service channels for issuers and other financial services, and is hard for consumers to spot.

The U.S. government and banks face similar challenges in implementing a biometrics identity system. Both should study what other countries are already doing.

The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task.

The breaches at large retailers and other companies are continuing, making it time to fully embrace a new authentication method.

New York-based security company Hypr Corp. is working to use biometric authentication as a glue for the currently fragmented state of mobile and online payments.

A pair of technology entrepreneurs hopes the flexibility provided by mobile technology and open development tools can finally kill off the stale authentication method.

HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.

Some vendors have begun offering authentication platforms through which biometrics and other authentication tools can be plugged into any or all channels. TD Bank is sold on this concept, but others are not completely sure.

Banks have used biometrics for about a decade, but there are a number of hurdles that banks, device makers and customers need to overcome before passwords are history.