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Over USD 5.6 trillion of payments secured by biometrics by 2020

Monday 5 October 2015 11:52 CET | News

By 2020, over USD 5.6 trillion of payments will be secured by biometric technology, a recent report unveils.

A recent research conducted by Goode Intelligence predicts that by 2020 over 226 billion biometrically secured payment transactions will be made.

According to Goode Intelligence, payments are the main driving force for the wide-scale adoption of biometrics in the consumer market.

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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Keywords: biometrics, applications, online security, web fraud, digital identity, authentication, online payments
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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