Amazing Moments in Biometrics based Payments Authentication in 2014

According to Biometrics Research Group, mobile commerce adoption will accelerate due to impending wide-scale integration of biometric technology into smartphone. It’s only after Apple brought its fingerprint tech in iPhones that biometrics got attention again. Here are some interesting scenarios witnessed in biometric payments and authentication in 2014:

Apple’s Touch ID

When it comes to fingerprint based biometric authentication, the first thing that comes to mind is Apple’s Touch ID. It clearly has been the most popular and successful fingerprint based authentication system. With the advent of Apple Pay, Touch ID has become the ideal way to handle your money. In June 2014, during its WWDC event, Apple had announced that it was opening up the Touch ID fingerprint sensor to third-party app developers. Since then, Touch ID has witnessed wide scale adoption. A number of banks have integrated Touch ID into their banking app. Some of them include american express, ING Bank, OutBank DE, Deutsche Bank, Noris Bank, St. George Bank, Tangerine Ban ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.