What's New in Payments

One in ten Londoners ready to ‘consider microchipping themselves’ to speed up contactless payments

Would you microchip yourself to speed up paying with contactless? — This is Money — “11% of Londoners surveyed by PaymentSense and YouGov said they’d consider microchipping themselves to make it quicker for them to make contactless payments… A quarter say they’d be happy to use a fingerprint scanner to verify payments. 16% would be in favour of using a retinal scanner to do so.”


Sberbank to build ID platform that supports face, voice and retina biometrics

Sberbank and VisionLabs to build biometric identification platform — Sberbank — “Sberbank announces the signing of a deal to acquire a block of shares in VisionLabs, a global leader of the facial recognition market… The investment in VisionLabs is a major first step by Sberbank to build a biometrics platform of Sberbank’s ecosystem, involving face, voice and retina identification, as well as other biometric factors… This will allow the creation of a unique biometric identifier that will let Sberbank clients access any service.”


What's New in Payments

Viewpost survey reveals 80% of Americans support ‘futuristic’ payment technologies and currencies

Viewpost survey reveals 80% of Americans support ‘futuristic’ payment technologies and currencies — Viewpost — “35% see facial recognition as a key authentication technology for making payments within the next ten years, and 32% of Americans trust facial recognition for securing electronic payments. Retinal scanning and voice control — these advanced biometric methods have gained traction in consumers’ consciousness, with some 31% citing retinal scanning as a viable technology for authenticating payments and 18% seeing themselves using voice control to make payments by 2027.”







Young Brits ready to ditch PINs for biometrics

Visa

Three quarters of British consumers aged 16 to 24 (76%) say they would feel comfortable using biometric security when making a payment, with more than half keen to see facial recognition, fingerprints and retina scans replace passwords and PIN codes altogether... More


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