The Identity and Payments Summit highlighted the merging of identity and payment systems, focusing on digital wallets and mobile driver’s licenses (mDLs). With 59% wallet usage among consumers, the trend shows a blurring of lines between payments and digital ID. Interoperability remains a concern, particularly for mDLs. Insights on biometrics suggest they play a crucial…
Veridos and Credence ID have launched the VeriCHECK M500+, an identity verification device integrating both digital and physical ID processing capabilities. This plug-and-play device supports mobile driver’s licenses and offers remote management features, enhancing security in various applications like airport checkpoints and border control. The collaboration aims to meet rising demands for seamless identification solutions…
The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…
