Visa Inc. introduced a new specification to use biometrics with chip card transactions. The specification can enable palm, voice, iris, or facial biometrics. This first-of-its kind technology framework is designed to work with the EMV (Europay, MasterCard, Visa) chip industry standard to help ensure open, globally interoperable solutions. Biometric verification is intended to prevent fraud
BancNet, the largest interbank network service provider in the Philippines, has selected FIME, the world’s leading EMV migration service provider for domestic and international card payment schemes, to support the country’s migration to chip card technology. Following a mandate from Bangko Sentral Ng Philipinas, the Philippines’ Central Bank, BancNet is leading the program to migrate
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