226bn transactions to be secured with biometrics by 2020

Some 226bn transactions worth a total of more than US$5.6trillion will be secured using biometric technology by 2020, research from Goode Intelligence predicts. “Payments are the main driving force for the wide-scale adoption of biometrics in the consumer market,” the company says. “Mobile payments are a major driver with the need for authentication speed creating demand for a frictionless user experience that biometrics can meet.”

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  1. The modern mobile computer comes with all the sensors necessary to do fingerprint, facial, speaker, and other forms of biometrics. It can also store, control, and use the private keys that will enable it to securely vouch for its user.

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