Entersekt and digital banking platform EbankIT teamed to provide new security measures for financial institutions. The companies’ new solution offers banks and credit unions biometric authentication and protection against several account takeover fraud schemes, while also reducing contact center operational costs, according to a Tuesday...
Biometric authentication, a technology that uses unique physical or behavioral traits for identity verification, has gained popularity in recent years. In fact, according to joint PYMNTS Intelligence-AWS study “Tracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile,” of the nearly 60% of...
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology. On Friday (Oct. 6), a bipartisan group of 65 British lawmakers called for an immediate ban on live...
American Express said it is adding facial and fingerprint recognition to its SafeKey authentication tool. The upgrade, announced Thursday (Oct. 5) is designed to prevent fraud and streamline checkout, and makes American Express the first card issuer to roll out these biometric features, the company...
As biometric payments catch on across industries, restaurants looking to use these technologies to reduce friction in transactions may be best served by fingerprint scan technology, even if facial recognition is more common, PYMNTS Intelligence suggests. By the Numbers PYMNTS’ study “Tracking the Digital Payments...
In an increasingly digital world, the way we make purchases is evolving. Mobile devices have become an integral part of our lives, and with the rise of online shopping, consumers are looking for secure and convenient ways to validate their transactions. Against this backdrop, the...
The convenience and security biometric authentication offers continue to gain prominence. Digital-first consumers increasingly use mobile devices to shop for everything from groceries to retail products to travel and entertainment services. Biometrics enable consumers to easily authenticate their identity when using mobile devices to pay...
The thing about technical innovations is that they tend to come in pairs. Or at least work in concert together. Generative artificial intelligence (AI) is increasingly being integrated across next-generation biometric payment channels, including facial and fingerprint verification, palm screening and even voice recognition, to...
Mega-retailer Amazon’s scaled-up rollout of its pay-by-palm technology, One, a month after its announcement, may not be the first offering of such technology, but the sheer number of stores receiving One at once may make it the most ambitious. This ambition is simply responding to consumer demand, however, as “Consumer Authentication...
