French biometric security firm Morpho has reported that it is working with Visa on biometric payment methods.The technologies being studied will be applied to existing means of payment such as credit or debit cards, mobile, ATMs and Points of Sale (POS) terminals.Morpho said that as the mobile banking and payment market expands, so does the need for highly secure solutions such as biometrics, tokenization, digital signature and other solutions to protect consumers against identity theft and fraud. Morpho's collaboration with Visa intends to explore innovative security solutions in response to the strong growth in this market.Visa is always exploring new technologies which enhance payment security and convenience for financial institutions and their customers,” said Bill Gajda, senior vice president of innovation and strategic partnerships for Visa. “We are excited to demonstrate and explore the power of these new authentication capabilities with Morpho at Mobile World Congress.”Anne Bouverot, CEO of Morpho, commented: “We are excited to work with Visa as a technology partner, as part of an agreement to bring innovation to the explosive market of digital payment and banking. Building on a number of successful proofs of concept, we have seen the enthusiasm shared by customers for new solutions that combine security and convenience We are convinced by the potential of biometrics as a cornerstone technology for the future of secure payments. In addition to touchless fingerprint recognition for proximity payments, we are incorporating facial recognition capability into smartphones and tablets, enabling users to validate payments through a simple selfie”
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