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Apple and Visa hit with Apple Pay patent infringement lawsuit
Apple and Visa have been hit with an Apple Pay patent infringement lawsuit by Universal Secure Registry (USR), a small US company, that alleges their mobile-payment partnership infringes four of its patents. In a federal lawsuit filed in Wilmington, Delaware, USR said it sent Apple a series of letters in 2010 describing its patented technology and seeking a partnership [...]
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Right finger forward: Why consumer technologies are driving biometric banking
When Apple and Samsung released new devices with fingerprint sensor technology, biometrics suddenly went mainstream and, as consumers, we’ve quickly become familiar with the technology. Fingerprint recognition has long been used as a means of identification but it has been given a 21st century boost in recent years with the launch of a new generation [...]
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Future of biometric payment – advances mean the end of physical cards
Advances in biometric payment technology could soon mean the end of physical credit cards. Pressure from both payment providers and consumers for quicker, more convenient, more secure means to make financial payments has boosted research into biometric technology – using elements of people’s physical make-up to authenticate payments. While some kinds of biometric verification (such [...]
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Banking on biometrics – can the password survive in 2017?
With the rise of biometrics within financial services, could you become your own password? Bill Gates claimed the password could not meet the challenge of keeping information secure and predicted its demise. That was back in 2004. Thirteen years later, passwords are still very much alive. The average person has about 90 passwords, according to password [...]
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Biometric authentication – are you and your money safe?
Most big high street banks are beginning to use biometric authentication to give customers a more convenient way to check their account balance or make payments. However, one big question remains unanswered: is it safe? A cyber security expert from consultancy NCC recently visited the Financial Times to give a demonstration of how to hack [...]
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