Sunday, December 14, 2025
7.5 C
London

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.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

FinTech Alliance: Partners with Seedrs to facilitate funding opportunities for founders

FinTech Alliance: Partners with Seedrs to facilitate funding opportunities...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

What is Fintech?

Fintech: A term used to refer to innovations in...

Airwallex: Your Global Business Account

Airwallex: A global business account, built for the modern...

Do Kwon Sentenced to 15 Years for Terraform’s Massive Fraud Scheme

Court ruling marks a significant moment for cryptocurrency accountability. Highlights:...

Nationwide Fined $44 Million for Ineffective Financial Crime Controls

The financial institution faces penalties for subpar compliance measures. Highlights:...

Grasshopper Bank Acquired by Enova for $369 Million in Strategic Move

Acquisition aims to enhance Enova's digital banking capabilities and...

JPMorgan Enables US Commercial Paper Issuance for Galaxy Holdings on Solana

A significant step in the intersection of traditional finance...

Mollie Announces Strategic Acquisition of GoCardless to Enhance Payments

The acquisition aims to provide seamless payment solutions for...

BIS and Central Banks Trial Post-Quantum Cryptography for Payments

Exploring security solutions for the future of digital transactions. Highlights:...

Mollie Set to Acquire GoCardless in Strategic Fintech Expansion

This acquisition promises to enhance payment solutions for businesses...

Tandem Bank Appoints Former B CTO as Chief Technology Officer

Strategic leadership shift aims to enhance Tandem's tech capabilities. Highlights:...
spot_img

Related Articles

Popular Categories

spot_imgspot_img