Tag: Facial Recognition

Explore the latest news and insights on facial recognition in payments and banking, focusing on its role in enhancing security, authentication, and customer experiences in financial services.

EU Proposes Strict Regulations Restricting the Use of AI

by Tim Sloane

April 21, 2021

While it will take some time before the proposed rules are adopted, the proposed regulations prohibit use for live facial ...

biometric payments, Biometrics Identity Verification, biometrics payments global standard

Facial Recognition Isn’t Always the Answer Even If We Agreed on What It Is

by Tim Sloane

February 12, 2021

This article suggests facial recognition be used for payments so consumer’s don’t need to touch anything at checkout. It further ...

PeasyPay: The European Solution for Biometric Payments by EIT Digital

by PaymentsJournal

September 10, 2020

No wallet, smartphone or credit card needed. European customers will be able to enter a shop, choose what they want ...

Examples of Facial Recognition Gone Bad and a Potential Solution

Another Reason to Be Cautious with Facial Recognition

by Tim Sloane

August 5, 2020

Just two days ago there was the Rite Aid article describing push back the company received on its facial recognition ...

Intellicheck and Ipsidy Team Up to Fight Identity Fraud with Facial Biometric Authentication

by PaymentsJournal

August 4, 2020

Intellicheck, a company focusing on technology solutions that stop identity theft and fraud with real-time authentication and age verification, has ...

Rite Aid Facial Recognition Security Was Uncovered, Are You Prepared?

by Tim Sloane

August 3, 2020

This Reuters article delivers an in-depth review of how Rite Aid used facial recognition to detect repeat offenders, and probably ...

Which Biometric Authentication Are Consumers Most Comfortable Using for Payment?

by PaymentsJournal

June 8, 2020

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

By 2024, How Many Smartphone Owners Will Use Biometrics?

by PaymentsJournal

June 4, 2020

Biometrics have revolutionized the way smartphones are secured. By using biometrics such as finger prints and facial recognition, smartphones offer ...