Biometric payment, access and ID cards launching around the world

Biometric Update | Chris Burt | Oct 24, 2020

Capture 300x207 - Biometric payment, access and ID cards launching around the world Biometric cards for payments, access control and digital identity in several regional markets featured prominently among the top news stories in the biometrics industry this week.

A new partnership on biometric payment cards by Mastercard and Idemia is being launched with a pilot expected in Q4. The card will be offered under the name F.CODE Easy, and will be issued by Singapore-based MatchMove in the Asian region.

A fingerprint access control card with proximity detection capabilities has been developed by Sentry Enterprises with an Ambiq microprocessor and Fingerprint Cards sensor modules. The card is intended to provide converged biometric access control for enhanced security in a wide range of verticals.

See: KABN North America and Loop Insights Partner to Launch AI Driven Merchant and Consumer Rewards Programs, Secured by Biometrics and Blockchain

Huduma Namba is moving toward the issuance of identification cards, which will be embedded with biometric data to enable authenticated access to government services.

The COVID-19 pandemic continues to drive digital identity efforts in several different sectors, and apps utilizing facial recognition for the aviation and tourism industries involving Yoti, the Commons Project Foundation and the World Economic Forum, and Onfido have been rolled out recently, along with a smartphone camera-based biometric rapid testing app from Safen Labs.

 ABI Research expects the market to reach $40 billion by 2025, with more touchless technology, on balance.

The unique opportunity for banks to take the lead in digital identity remains, according to the Mobey Forum. Payment cards involve ID, and are already accepted around the world, and the industry already has a history of handling sensitive data without overly involving governments.

See: How will Canada reinvent its payments framework for a post-pandemic digital reality?

Facial recognition is among the technologies that have been identified by the EU as potential risks for being implemented in rights-violating surveillance systems after they have been acquired for a different stated purpose. New restrictions are therefore being placed on exports of the technology.

An encryption technique developed by Trueface and presented at the International Joint Conference on Biometrics (IJCB) allows face biometric templates to be embedded in QR codes and almost anything else, the company says.

 

Continue to the full article --> here

 

 


NCFA Jan 2018 resize - Biometric payment, access and ID cards launching around the world The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Biometric payment, access and ID cards launching around the worldFF Logo 400 v3 - Biometric payment, access and ID cards launching around the worldcommunity social impact - Biometric payment, access and ID cards launching around the world

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Biometric payment, access and ID cards launching around the world



NCFA COVID 19 letter to government to support Fintechs and SMEs - Biometric payment, access and ID cards launching around the world

NCFA Newsletter subscribe600 - Biometric payment, access and ID cards launching around the world