Payments, Financial Services, and the PKI Fallacy: This Week’s Top Biometrics Stories

This week’s round-up of FindBiometrics’ top stories, with three of the most popular articles about payments or financial services, puts money at the center. But readers also showed keen interest in airport biometrics this week and a strong argument about how an industry leader should approach authentication.

Industry leader FaceTec was represented by North American Operations VP Jay Meier in a new interview with FindBiometrics. The discussion touches on a number of important issues, but its main focus is on what Meier calls’the PKI fallacy‘, an approach to identity verification that, in the view of FaceTec’s leadership, has some serious drawbacks:

INTERVIEW: Jay Meier from FaceTec wants the identity industry to understand “the PKI fallacy”

On the subject Airport biometrics, it was brought up by SITA, which caught some attention this week with their argument that airports need to accelerate their digital transformation to recover from the blow caused by COVID-19. This means using technology-driven innovations such as mobile self-screening apps and facial recognition to enable passenger identification:

SITA underlines the urgent need for digital transformation in air traffic

On tax matters, fingerprint cards have drawn a lot of reader attention this week as survey data suggests that consumers are more interested biometric payment cards. The survey focused on France and found that 59 percent of respondents were willing to use the type of fingerprint scanning payment cards that FPC has been working on with its financial services partners:

FPC survey indicates an acceleration in the market for biometric payment cards

There was also news about a biometric payment system that doesn’t even require a card. In Moscow, commuters can now use a system that allows them to do so pay their subway fares with a simple face scan – a development that has raised some serious privacy and surveillance concerns:

Moscow Metro is moving ahead with the introduction of the Face Pay Naked Payments system

Finally, this week, a guest post by HID Global’s Vladimir Alvarez met with strong and sustained reader interest. Alvarez stepped onto the FindBiometrics platform to access the enormous opportunities in the Latin American financial services market – and the serious risk of fraud as criminals tried to take advantage of the acceleration of online financial activity:

How LATAM banks can fight fraud in a booming digital business


Stay tuned to FindBiometrics for the latest news from the exciting world of biometrics. You can also visit our sister site Mobile ID World for the latest on digital identity.

October 23, 2021 – by Alex Perala

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