The use of biometrics is a hot topic in the industry. Services such as Apple Pay and Android Pay have caused an increase in the use of biometrics for consumer payments, however they are still somewhat limited.

The use of biometrics is a hot topic in the industry. Services such as Apple Pay and Android Pay have caused an increase in the use of biometrics for consumer payments, however they are still somewhat limited. However, consumer confidence is growing with the latest study showing 84% agree it would be a secure form of payment.

A survey of seven European countries, which is discussed in the article, found the following:

• 68% of consumers would trust organisations more if they used biometrics to authenticate payments.
• 63% of consumers believe biometrics are more secure than traditional forms of payments.
• 57% believe fingerprint scanning is the most secure form of authentication.
• 50% believe biometrics will help avoid having to remember passwords.

However, widespread adoption is a slow process and the use of biometrics on a global scale currently has many barriers in place. Will biometrics ever replace cash or cards?

Read the full article here.