As the digital world continues to evolve, using an online bank for your finance needs is not only practical, it offers a number of consumer-friendly benefits and features. Biometric payments benefits consumers, not only by offering them a smoother easier transaction process, but also the convenience of not having to carry cash/cards. This system can also be applied within a financial organisations for customers to use to withdraw and deposit cash securely. To see how this translates in real life, take a look at our case study on how we provided a secure solution and frictionless experience to safe deposit customers with Idemia's Morphowave compact. https://lnkd.in/eRKGzQus #biometric #contactless #nationalonlinebankingday #nationalonlinebankday
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Definitely a very powerful and crisp depiction of #Openbanking, key drivers and impactful #Usecases. Accurate and timely Credit decisions, enhanced credit extension and inclusion are the key advantages of #Openbankingdata and global reach of #APIs Spire Tech Mastercard Open Banking NovaCredit S.A. #AI #Openfinance
Trust is our business. With 60 years in global payments and risk management, Mastercard continuously evolves – using identity verification, biometrics, AI, and open banking solutions to safeguard the ecosystem and enhance the user experience 👏 See how Nova Credit helps bring millions of people into the financial system with Mastercard as their open banking partner: https://lnkd.in/ds-B9mhi #MastercardOpenBanking
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On September 19, Xebia's Banking & Financial Services Leader, Varun Jain, will be moderate a panel on Contactless Payments at the MEBIS event. This will be a discussion among prestigious experts on an evolving topic in the banking industry. See you there! #Xebia #MEBIS #Banking #FinancialServices #GenAI #AI
On September 19, Xebia’s Varun Jain will moderating a panel on Contactless Payments at the upcoming MEBIS event. This is a fantastic opportunity to hear from industry experts as they discuss the convenience, speed, security, and improved customer experience that contactless payments offer to banks, merchants, and consumers. Learn more about Xebia’s participation at MEBIS here: https://okt.to/7hTQfr. #Xebia #MEBIS2024 #ContactlessPayments #Fintech #BankingInnovation #CustomerExperience #BankingIndustry
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Exciting news from Mastercard as they introduce a new tool to streamline identity verification for cardholders. With the launch of their Identity Attribute Verification service, Mastercard is leveraging the power of payment card technology to simplify the often tedious process of verifying personal information, like age or residency, when making purchases online. This innovation promises to improve user experience by eliminating the need for document uploads, allowing merchants to securely validate identities in the background—ensuring privacy while reducing friction. Initially rolling out in Europe, this solution will expand to new markets in 2025, and we can expect it to play a key role in shaping seamless digital interactions globally. Looking forward to seeing how this development reshapes digital identity verification and enhances trust in online transactions! #Fintech #DigitalInnovation #Mastercard #IdentityVerification #Payments
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The future of secure payments is in biometrics and even the B2B sector is evolving. Cardholders can rest easier knowing that their identity secures the ability to access their financial accounts and initiate transactions. The digital payment revolution is making this possible, with products like digital wallets helping to lead the way. #DigitalPayments #DigitalWallets #BiometricAuthentication #BiometricPayments https://lnkd.in/gvC2sJJB
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The future of secure payments is in biometrics and even the B2B sector is evolving. Cardholders can rest easier knowing that their identity secures the ability to access their financial accounts and initiate transactions. The digital payment revolution is making this possible, with products like digital wallets helping to lead the way. #DigitalPayments #DigitalWallets #BiometricAuthentication #BiometricPayments https://lnkd.in/gxZkTXUS
The future of biometric authentication in B2B payments
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Fingerprints supports Valid in roll out of biometric payment cards in Brazil. Fingerprint Cards AB (Fingerprints) and Valid, the global payment technology provider and integrator of secure solutions for identification, mobile and payment ecosystems, have partnered in developing a biometric payment card for the Brazilian market. The card, which features Fingerprints’ proven biometric technology, will offer new levels of contactless security, convenience and hygiene. The cards, manufactured by Valid, will feature Fingerprints’ second-generation T-Shape® (T2) sensor module and software platform. The biometric payment card will be unveiled at Sao Paulo’s Febraban Tech event in June 2024. Despite consistent and significant contactless payment growth in Brazil since the pandemic, there are still consumer concerns around security. Source: https://lnkd.in/eGBjQiQe Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #fintechnews #payments #digitalpayments #bankingtechnology #financialtechnology #financialservices #financialsolutions
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❗ Digital Identity Wallets As our lives become increasingly digital, how we use money, present identification documents and share personal information have also changed. Now, it is possible to store, manage and share personal identification data and credentials through technology, such as Digital Identity Wallets. At LOQR, our main goal is to enable our clients to access digital services through ID Wallets. Click here if you want to know more about unveiling the future with Digital ID Wallets ➡️ https://lnkd.in/dTW824Fe #EmpoweringDigitalLives #digitaltransformation #innovation #banks #financialinstitutions
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Hi everyone, Yusuff Yaqub here, ATM Specialist with a keen eye on financial industry trends! 😀 Cash remains king for many, even as cashless transactions rise. ATMs are adapting to this evolving landscape with exciting features like: Cardless transactions & Biometric Authentication: Forget the card! Mobile wallets and facial recognition are making ATM interactions a breeze. Multifunction ATMs: Imagine paying bills, topping up your phone, deposit, or even managing accounts – all at the ATM! What do YOU think the future holds for ATMs? Share your thoughts in the comments! #ATMs #FutureofFinance #FinTech #Cash
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The future of secure payments is in biometrics and even the B2B sector is evolving. Cardholders can rest easier knowing that their identity secures the ability to access their financial accounts and initiate transactions. The digital payment revolution is making this possible, with products like digital wallets helping to lead the way. #DigitalPayments #DigitalWallets #BiometricAuthentication #BiometricPayments https://lnkd.in/gwgN2ChK
The future of biometric authentication in B2B payments
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Amazing to see how tech has begun to dictate the way we spend money! Regulation of such a fast paced world is so difficult, but it remains the duty of the state to try and stay ahead of the curve! I don’t think this obligation is appreciated enough! #tech #fintech #tmt #law #legal #intern #payments #creditcards #rbi
In the next few episodes of 'Cards Chronicles', we cast our eye on evolving credit card technologies from EMV Cards to contactless payments and biometric authentication. Today let’s explore the critical shift in Payment Security transition from Magstripe to EMV Chips. Chip card technology – also known as chip-and-PIN or EMV is a secure method to store and exchange sensitive credit card and debit card account data between merchants and their customers. Did you know? EMV stands for Europay, Mastercard and Visa, the global leaders who created the original chip-card specification. Started in 1996, EMV was created to combat mounting losses related to the use of stolen and counterfeit credit cards. EMV chips today contribute to approximately 86% of offline transactions globally as per data released by Mastercard. #CreditCards #Fintech #CardChronicles #Hyperface
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