Analysis of News relating to the Digital Money Ecosystem

Samsung to power biometric authentication pilot for Bank of America - Banking Technology

16/08/2017 Link to source

Samsung to power biometric authentication pilot for Bank of America Samsung will launch a pilot programme that enables Bank of America (BofA) customers to log into their mobile banking app by taking a picture of their eye, reports Finovate ('s sister company). According to a report from American ...

Context

	USA The United States of America is a federal constitutional republic consisting of fifty states and a federal district.
	Digital Technology The Digital Technology domain has been described by Shift Thought™ as a way to understand the technologies that form the basis of the products and services within the Digital Money domain.
	Mobile banking Mobile Banking refers to the category of services that offer consumers or businesses the ability to utilise a mobile device to conduct a range of banking services.
	Bank of America - USA Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations
	Samsung Beginning as a small trading company, Samsung has evolved into a world-class corporation with businesses that span multiple sectors.It is a world leading handset vendor.
	Bank of America Mobile Banking Bank of America grew mobile users by 4% in the first quarter of 2014, and shed 1% of its branches. Mobile users stand at 15 million, having grown by 20% within one year.
	Bank of America M-Payment trial Bank of America launched a mobile payment trial with microSD Cards for customers who paid with BlackBerry phones in three cities. The payment applications were MasterCard PayPass or Visa payWave.
	Samsung Wallet - Closed June 30, 2015 Samsung Wallet is a one-stop digital destination for your tickets, membership cards and vouchers. Consumer wallets can be managed according to their interests and personal preferences.
	Authentication Authentication relates to the process of identifying an individual, usually based on user name and password. Authentication merely ensures an individual is who they claim to be and says nothing about the access rights, as that is managed by Authorisation.
	Mobile Banking Mobile Banking refers to the ability to use a mobile device to conduct a range of banking services.
	Technology Technology has a key role to play in enabling innovations in digital money services.
	Samsung Beginning as a small trading company, Samsung has evolved into a world-class corporation with businesses that span multiple sectors.It is a world leading handset vendor.
	Bank of America Digital Banking Bank of America grew mobile users by 4% in the first quarter of 2014, and shed 1% of its branches. Mobile users stand at 15 million, having grown by 20% within one year.
	Bank of America M-Payment trial Bank of America launched a mobile payment trial with microSD Cards for customers who paid with BlackBerry phones in three cities. The payment applications were MasterCard PayPass or Visa payWave.

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