Wero, a mobile payment app by the European Payments Initiative, is expanding into Belgium. The app supports QR code and P2P payments, aiming to create a unified European payment solution. Following its launch in Germany and France, Wero plans to introduce additional functionalities and enhance e-commerce payments. Despite losing some banking partners, the platform boasts…
The FBI is looking for advanced biometric software that functions on both Android and Windows systems for mobile identification. The solutions should gather various biometric data types, ensuring compliance with the EBTS and supporting secure data transmissions. Usability features and security standards are critical, with submissions due by March 19, 2025. The FBI has issued…
The iGaming industry prioritizes player identity security through various strategies including KYC compliance, multi-factor authentication, encryption protocols, and blockchain solutions. Establishing robust measures against fraud, ensuring regulatory compliance, and utilizing advanced technologies like AI and biometrics are essential for maintaining player safety and trust. Operators like Lucky Block demonstrate best practices in securing user identities…
Remote onboarding platforms are using Sumsub and Signzy for biometric identity verification. Sumsub, collaborating with Telus Digital, provides a suite of identity verification technologies while reporting a notable increase in identity fraud concerns. Signzy partners with ONEngine.ai to streamline the onboarding process for remote workers, integrating advanced KYC and verification APIs to facilitate compliance and…
Trust Stamp has secured a patent for its “Interoperable Biometric Representation” framework, designed to improve privacy and security while addressing interoperability issues in biometric data. The framework converts biometric data into a universal format, enabling seamless integration across different vendor systems without compromising user privacy. This advancement aims to eliminate problems associated with vendor lock-in,…
Trust Stamp has gained patent approval for its “Interoperable Biometric Representation” framework, which tackles interoperability challenges in biometric data. The framework allows biometric information to be securely converted into a universal format, promoting compatibility across various systems while prioritizing user privacy. The technology integrates Privacy Enhancing Technology and eliminates vendor lock-in issues, potentially transforming the…
Trust Stamp has received a patent approval for its Interoperable Biometric Representation framework, which enhances biometric data interoperability. This innovation allows secure comparison of biometric samples across different vendors, eliminates vendor lock-in, and uses tokenization to protect sensitive data. The framework signifies a major leap towards more secure and accessible digital identity management. Trust Stamp…
The Mobile Biometric Security and Service market is expected to grow significantly by 2033, driven by key players like Apple and NEC, focusing on technological innovations in security. Market segments include diverse components and authentication modes, expanding globally across various sectors. Investments in AI-driven solutions and biometric advancements are pivotal for enhancing security solutions. The…
China has introduced new security standards for facial recognition payments, targeting businesses including payment providers and equipment operators. The guidelines prohibit data processing and storage of facial recognition data without legal requirements, mandate stricter consent processes, and enforce minimal data collection. This regulatory action arises amidst heightened public concern over privacy and data security issues…
Clearview AI is facing a proposed settlement in a biometric data privacy lawsuit that would grant plaintiffs a 23% stake in the company. Judge Sharon Johnson Coleman expressed concerns about Clearview’s opt-out policy and the company’s financial struggles. Some plaintiffs are opposed to accepting equity from Clearview, preferring the company be held accountable, potentially through…
