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October 29, 2020   Digital Identity, Digital, NEO and Open Banking, Fintech AI/ML, Data-driven, FinTech and Alternative Finance   No comments

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.

 

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