The global cardless ATM market will have increased in value by US$2.11bn by 2026, an expansion driven by the growing adoption of NFC- and QR code-enabled smartphones and the emergence of biometric ATM technology, according to a Technavio forecast... More
The European Union is set to reveal plans for a digital wallet that will enable citizens in all 27 member states to store identity documents such as their driving licence, payment details and passwords and to access a range of private and public services with a single online ID, according to a report in the Financial Times... More
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 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.”
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.”
Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals... More
More than half of UK consumers (54%) are willing to authorise payments using biometric technology, research from Experian shows... More
One in six consumers find usernames and passwords “cumbersome” and 77% are interested in using alternatives to protect their security on the internet, research from Accenture reveals... More
Some 41% of US consumers have a “high level” of comfort when logging in to a website or mobile app using a thumbprint or face/eye scan, research from Gigya finds... More
ZTE‘s latest Android smartphone will let owners unlock it by scanning their retinas with a built-in biometric solution from EyeVerify... More
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
