Biometric Security Is Key to mPayment Adoption: Javelin

As consumer appetites for mobile payments increase, businesses are going to need to embrace security that reassures users while enabling better convenience than password- and PIN-based systems, suggests a recent report from Javelin Strategy & Research.

– Join Javelin Strategy & Research, Samsung SDS America, and Mobile ID World for the biometrics webinar event of the year –

Biometric Security Is Key to mPayment Adoption: Javelin

Citing recent survey data in a report synopsis, the firm notes that fingerprint recognition “is gaining consumer’s confidence,” noting that nearly half of all US consumers consider it effective and 65 percent say they would use it. The technology is becoming more and more familiar to consumers through applications like smartphone fingerprint scanning, which enables faster and easier device login than PINs and password.

As Javelin Research Director Al Pascual explains, financial services companies “need to consider how to optimize the cardholder verification process for 2017 and beyond,” and “[b]iometrics will be central to that proposition”.

Pascual will go into these matters further in an upcoming webinar hosted by Mobile ID World. Entitled “FinServ in the New Age of Identity: Addressing Your Biometrics Concerns,” the webinar will also feature Samsung SDSA’s Richard Lobovsky and Shankar Saibabu, FIDO Alliance director Brett McDowell, and Mobile ID World President Peter O’Neill, who will moderate.

Individuals interested in learning more about how biometrics will revolutionize financial services are invited to sign up for free now.

October 6, 2016 – by Alex Perala