April 4, 2016 - ID Tech

Morpho (Safran) is demonstrating a group of key technological offerings at Money20/20 Europe that together offer innovative payment solutions.

With Know-Your-Customer solutions kicking off the process, Morpho’s authentication and transaction technologies then enable the user to actually make a purchase. That’s when truly innovative biometric technology comes into play, with Morpho’s MorphoWave tower enabling a ‘Scan & Pay’ transaction: A user needs only to wave her hand over the terminal to securely authorize a payment.

First unveiled last spring, MorphoWave is a contactless fingerprint reader designed to perform quick scans in potentially high-traffic environments. It went on to win the Best Product Award in the Security Industry Association’s 2015 New Product Showcase, and was named Access Control Product of the Year at the Security & Fire Excellence Awards 2015; and in January of this year it attained the FBI’s PIV certification.

Now, integrated into its Scan & Pay concept, Morpho is showing how the device could be used to efficiently and securely process payment transactions in high volumes. And while banks and credit card companies haven’t yet taken the plunge in directly connecting customers’ biometric data to their accounts, major organizations like Visa are taking an active interest. As such, Scan & Pay could be a glimpse into the near future.

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April 4, 2016 – by Peter B. Counter

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

Unico is a global identity network that forges trust between people & companies. We identify people globally so they can have safe, efficient and private digital access to services around the world. Unico is present in over 20 countries, and serves 165 million users with over 1.5 billion identity verifications every year. We are the leading global identity network.www.unico.io

Innovatrics is an EU-based provider of trusted biometric solutions for governments and enterprises. Our algorithms consistently rank among the fastest and most accurate in fingerprint, face, and iris recognition. Since 2004, we have partnered with all types of organisations to build trusted and flexible biometric identification solutions. Our solutions are used in more than 80 countries, benefiting over a billion people worldwide. https://www.innovatrics.com/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

Money20/20 Europe: Morpho Showcases ‘Scan & Pay’ Concept

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