American Express to pilot biometrics for online transactions

American Express is piloting fingerprint and facial recognition technology to enhance online ID checks, aiming for stronger, faster, and more intuitive authentication processes.

Facts

  • American Express is conducting a pilot program to introduce fingerprint and facial recognition technology for online checkout.
  • Initially available to select US consumer card members, the pilot extends the capabilities of American Express’s SafeKey service.
  • The new biometric features, developed using FIDO Alliance and World Wide Web Consortium technology, aim to enhance security and ease of use.
  • Pending a successful pilot, these biometric features are expected to roll out to all American Express consumer card members in the US by early 2024.
  • JJ Kieley, American Express’s VP of digital identity and commerce experiences, emphasizes the need to stay ahead of fraudsters and highlights that biometric recognition in SafeKey minimizes friction while maximizing security, making it as convenient as unlocking a phone.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Ramp Acquires Billhop to Expand into EU and UK Markets

Ramp aims for broader payment solutions and market reach through acquisition.Highlights: Ramp has acquired Billhop, focusing on expanding...

Chaseitai Launches AI Agents for Call Center Loan Servicing

New AI technology aims to enhance customer service in fintech.Highlights: Chaseitai introduces AI agents for call center support.New...

UK MPs Call for Royal Commission to Strengthen Financial Conduct Regulation

Parliamentarians emphasize the need for improved oversight in the financial sector.Highlights: UK MPs demand a Royal Commission to...

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...