Customers are increasingly visiting bank branches for biometric verification ahead of a new regulation that requires facial recognition by January 1, 2025. The influx includes many elderly clients facing challenges with online methods. While online verification involves logging into banking apps and using NFC technology, banks are accommodating in-person updates and extending hours to assist…
Biometric authentication, mobilized through mDLs, digital wallets, and passkeys, is rapidly advancing, with many U.S. states set to implement mDLs by next year. Europe is integrating digital wallets into daily transactions, while regulatory bodies scrutinize biometrics use. Forecasts suggest significant growth in biometric tech adoption, propelled by companies like Mastercard and Visa, highlighting its importance…
Tech5 has secured a 15-year, $54 million contract to upgrade livescan fingerprint biometrics for the Virginia State Police. The project will provide 800 livescan systems and cloud software services aimed at improving data accuracy and public safety. This initiative aligns with Tech5’s recent launch of a multi-biometric identification platform. Tech5 has secured a $54 million…
Idemia NSS has won a $6.4 million contract from the DOJ to modernize the Justice Biometric Identity Service (JBIS). This service will enhance biometric identification for federal agencies, facilitate over 420,000 transactions annually, and leverage the latest technology while maintaining cybersecurity compliance. Over ten years, the contract could reach $44.3 million, representing a strategic upgrade…
