Biometrics RSS
Mastercard launch Early Detection System to combat card fraud after data breaches
It can now take as little as 9 minutes for stolen card and account data to be used via the dark web. With this in mind, Mastercard has announced the launch of Early Detection System, a new service that provides banks with a unique advanced alert for high-risk cards and accounts that are exposed in [...]
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Mastercard unveils next generation biometric card
Mastercard has unveiled the next generation biometric card, combining chip technology with fingerprints to verify the cardholder’s identity for in-store purchases. South Africa was the first market to test the evolved technology, with two separate trials recently concluded with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays Africa. The [...]
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B2B FinTech investment in Europe reaches $948m in 2017
B2B FinTechs are attracting an increasing proportion of total European FinTech funding, according to a recent research presentation from Innovate Finance and Pitchbook. There has been a growing number of FinTechs either launching in, or pivoting toward, the business-to-business (B2B) market, with many of these players focused on helping incumbents better serve previously neglected consumers [...]
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Viewpoint from the Biometrics Institute – Spoof or proof?
The security of biometrics technology is in the spotlight and stakeholders must take a balanced view on its strengths and vulnerabilities. As deployments proliferate, the technology’s credibility rests on the industry’s will to collaborate globally – writes Isabelle Moeller, Chief Executive, Biometrics Institute. The Oxford English Dictionary offers two definitions for the verb ‘spoof’: ‘To make [...]
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The rise of alternative payments – and its impact on the card business
From virtual mobile wallets to peer-to-peer money transfer apps, there are an increasingly diverse number of ways to pay, beyond the old medium of cash. And the geographic scope of such alternatives stretches from contactless mobile for buying coffee in a US Starbucks or movie tickets in Indonesia, to blockchain-based currency transfers in Africa. The [...]
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