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Google Pay reveals biometric authentication feature for money transfers

30 octombrie 2019

Google Pay has announced that starting with version 2.100, it is adding support for fingerprints and face authentication for money transfers.

Google Pay is a platform for making payments with the smartphone, without the need to deal with multiple cards every time one places an order or transfers money. The reasons for adding support for biometrics is that the platform was lacking proper biometric authentication for money transfers, and that whenever one wanted to send money via Google Pay, an old school PIN pattern to authenticate the transfer was needed. 


However, in order to use this feature, Android 10 or above is needed, as well as Pixel, OnePlus or any of the few smartphones running the latest version of OS. This happens because Google is using a specific biometric API that debuted with Android 10. The option can be accessed via the Sending money settings section of the app.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?