Daily News, Fraud & Security, Payments News -

EyeVerify biometric selfie tech gets backing

A tech company specialising in biometric selfies for use in banking authentication has received $6 million in funding to expand the company’s proposition.

An Iris being scanned for biometric authentication

EyeVerify specialises in biometric banking selfies

EyeVerify’s self-verification technology, Eyeprint ID, enables smartphone users to take photographs of their eyeball. EyeVerify then pattern-matches the blood vessels within the eye to unlock the user’s bank account.

EyeVerify has received a second round of Series A funding of $6 million from investors including Wells Fargo Bank, telco Sprint and Chinese internet security company Qihoo 360. Total funding for EyeVerify now stands at around $10 million. EyeVerify is also a part of Wells Fargo’s newly announced start-up accelerator. The accelerator is intended to be used as a boot camp for technology ideas that could shape the future of financial services.

The post EyeVerify biometric selfie tech gets backing appeared first on Payments Cards & Mobile.