Biometric Authentication news and trends

69% of Consumers Prioritize Fraud Protection When Picking a Bank

September 24, 2024
5 Emerging Security Imperatives for Digital Wallets
Mobile Wallets // August 21, 2024

There are two dueling trends defining 21st century payments: digitization and cybercrime. And while the two trends are unrelated — particularly given that paper-based payments are more of a fraud risk than their digital counterparts — a new research paper published last week (Aug. 14)...

Google Pay Expands BNPL and Says Goodbye to the CVV With Biometrics 
Google // May 22, 2024

A week after Visa threw down the payments gauntlet with a series of announcements that merged the physical and digital worlds, Google took its turn at bat today (May 22), adding three new features to Google Pay.  According to Google Pay Vice President and General...

Biometric Wallets Emerge as Payments Modernization Strategy
Payments Innovation // May 08, 2024

As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where the very characteristics of individuals — such as fingerprints, facial features or iris patterns —...

Buying Into the Biometric Payment Opportunity in Mixed Reality
Biometrics // February 22, 2024

No single word signals the death knell of an innovation quite like the adjective “clunky.” Yet, by some accounts, that’s exactly what the user experience of the first few generations of mixed reality (MR) and virtual reality (VR) headsets has been like, with users complaining...

Interviews & Exclusives
69% of Consumers Prioritize Fraud Protection When Picking a Bank

September 24, 2024
Banks and financial institutions (FIs) face challenges in balancing the convenience of digital banking with the need for robust security measures. Economic impacts from fraud have forced these institutions to shift resources away from innovation toward immediate threat mitigation, hindering progress in the sector. As security threats evolve, a PYMNTS Intelligence report, “Progress and Protection: […]

Biometric Wallets Emerge as Payments Modernization Strategy

May 08, 2024
As payments go digital, their authentication is getting more organic — literally. One of the latest frontiers in the ongoing evolution of payments is leveraging biometric information for authentication, where...

Some Consumers Might Need Rewards and Discounts to Try Biometric Logins

October 11, 2023
Biometric authentication, a technology that uses unique physical or behavioral traits for identity verification, has gained popularity in recent years.  In fact, according to joint PYMNTS Intelligence-AWS study “Tracking the...

Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers

October 06, 2023
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology. On Friday (Oct....

Quick Reads
AimBrain Raises £4 Million For Its Biometrics-As-A-Service Platform

June 21, 2017
AimBrain, a London-based startup providing clients with biometric identity fraud protection services, has raised £4 million in Series A funding. According to a report in TechCrunch, the round of funding for the startup was led by BGF Ventures, a venture capital fund investing in U.K. technology companies. Other Series A investors included Episode 1, Entrepreneur First […]

Diebold and Samsung To Show Off ATM Withdrawals Via Facial Recognition

June 13, 2017
Diebold Nixdorf, the connected commerce technology company and Samsung SDS America announced they are teaming up to show how integrating advanced mobile technology — such as facial recognition — and...

HYPR Raises $3 Million To Accelerate Biometric Authentication Suite

October 26, 2016
HYPR, the startup that developed cybersecurity technology to protect biometric data, announced Tuesday (Oct. 25) it raised $3 million in financing from RTP, Boldstart and Mesh Ventures to accelerate enterprise...

FIDO Biometric Authentication Products Hit New Milestone

April 05, 2016
The FIDO Alliance has certified over 150 biometric and second-factor authentication products, showing an increase of 50 percent over the course of just one quarter. In a press release on...