Posts Tagged ‘Biometrics’

Biometrics: The key to overcoming contactless payment limits?

Biometrics: The key to overcoming contactless payment limits?

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. A recent study found 32 percent of security incidents in 2019 involved [...]

Biometrics invade banking and retail

Biometrics invade banking and retail

Banks have been quietly rolling out biometrics to identify customers — verifying them by their fingerprint, voice or eye scan — and retailers like Amazon are getting into the game. Why it matters: These companies are amassing [...]

Banking on biometrics: Half of cardholders would switch

Banking on biometrics: Half of cardholders would switch

Passwords are a double-edged sword: they are meant to protect our information, but they are also frustrating with so many to remember and manage. A recent Visa survey showed that 68% of U.S. shoppers [...]

The benefits of voice biometrics

The benefits of voice biometrics

In 2015, Kate Hopson read a troubling statistic: One in every 500 calls will be a fraudulent attempt by 2016. For the contact center manager at Virginia Credit Union ($3.6B, Richmond, VA), the number [...]

Are biometrics the future of credit union security?

Are biometrics the future of credit union security?

With the increased use of mobile banking apps, cybersecurity has quickly come to the forefront as an imperative measure to guard against hacking and fraud. In a recent study, researchers predicted that smartphone subscriptions could [...]

3 Incredible facts about biometrics

3 Incredible facts about biometrics

The list of things we can unlock with our fingerprints, faces and irises is getting longer. JetBlue passengers can board a plane from Boston to Aruba by pausing in front of a camera. Samsung Galaxy [...]

Adapt and thrive: 3 top trends in client onboarding for 2018

Adapt and thrive: 3 top trends in client onboarding for 2018

The wealth management marketplace is changing fast! With the arrival of FinTech challengers, the changing expectations of tech-savvy customers, and the shifting regulatory environment, wealth management leaders are being challenged to identify what the top [...]

Kill the password

Kill the password

How ineffective are passwords as a means of authentication? Consider this key piece of information from Chris Doner, CEO/founder of Access Softek, a mobile banking software development firm: “All the fraud that’s reported [...]

A look at biometrics in banking

A look at biometrics in banking

Voice Recognition Current systems are able to identify roughly 130 different physical and behavioral characteristics within a person’s vocal pattern. They can match these to a prerecorded voice print to verify your identity. That [...]

Google launches face biometrics payment app

Google launches face biometrics payment app

Google has launched a new app called Hands Free that doesn’t require you to take your phone out of your pocket and uses face biomerics. The new system is available on Android and iOS [...]

First tech biometrics pilot receives a thumbs up

First tech biometrics pilot receives a thumbs up

Participants overwhelmingly approved of the $8.6 billion, Mountain View, Calif.-based First Tech Federal Credit Union's biometrics pilot last fall, according to the credit union. During the pilot program, more than 200 First Tech [...]

Tokenization the new superheroes of payments fraud

Tokenization the new superheroes of payments fraud

More on Tokenization This is Part 3 of the 3-Part series “Tokenization, Encryption, EMV, and Biometrics: The New Superheroes of Payments Fraud.”  In Part 1, we reviewed tokenization, its background, and how it is now [...]

Stay connected to the credit union community with our free newsletter!

Delivered to the inboxes of thousands of credit union leaders daily.

You have Successfully Subscribed!