What's New in Payments

NEC employees trial facial recognition for payments

NEC

Employees at NEC Corporation’s head office in Tokyo are trialling the use of facial recognition to authenticate purchases made in small shops inside the building. The trial began in June 2016 and will run until August as part of NEC’s efforts to “apply its biometrics authentication technologies to a range of services including cashless payment”. More



LG U+ to launch biometric authentication platform

LG U+ is to release a new service in August that uses biometric authentication for mobile shopping and banking transactions based on the storage of “personal biometric information in universal subscriber identity modules (USIMs),” according to Business Korea... More







US and UK consumers warm to biometric authentication

Gigya

More than half of US and UK consumers (52%) prefer to log in to online accounts using “modern authentication methods”, research from Gigya reveals, including 29% who favour two-factor authentication and 20% who prefer biometric authentication. More