• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Consumers Prefer Biometrics to PINs in Payments: Mastercard

September 30, 2016

“Mastercard says that its study revealed that over 90 percent of consumers report using their smartphones more than any other devices…”

Mastercard has issued the results of its Impact of Innovation study, and they bode well for mobile payments.

Mastercard Study Points to Rise of mPaymentsConducted over the summer by IPSOS Research, the study collected online surveys from 23,000 bank account holders across Europe, the UK, Russia, the Middle East, and Africa. Respondents were in the 20 – 50 age range.

Mastercard says that its study revealed that over 90 percent of consumers report using their smartphones more than any other devices, and that in the Middle East and Africa, more than 70 percent said they were willing to make purchases with their smartphones. That number was lower in Western Europe, at only 38 percent, but those respondents nevertheless “chose their smartphone as an alternative to the plastic card,” according to a statement from the company.

Mastercard also asserted that consumers reported that they would “rather use biometrics than PIN codes when it comes to paying for things – saying they’d prefer fingerprint recognition,” though the company did not offer specific data supportng this claim.

It all points to the emergence of mobile payments as an important new way to pay as the traditional financial services industry undergoes its digital revolution.

Related News

  • Free TfL Rides for Apple Pay CommutersFree TfL Rides for Apple Pay Commuters
  • The 19th Annual Year in Review Survey is Coming to a Close – Tell Us Your Biometrics Hot TakesThe 19th Annual Year in Review Survey is Coming to a Close – Tell Us Your Biometrics Hot Takes
  • How IDEX is Reinventing the Credit CardHow IDEX is Reinventing the Credit Card
  • Mastercard Touts Biometric Credit Card’s PSD2 ComplianceMastercard Touts Biometric Credit Card’s PSD2 Compliance
  • BRIEF: Some Highlights from Money20/20 Europe 2018BRIEF: Some Highlights from Money20/20 Europe 2018
  • INTERVIEW: Daon EMEA & APAC President Clive Bourke at Money20/20 Europe [AUDIO]INTERVIEW: Daon EMEA & APAC President Clive Bourke at Money20/20 Europe [AUDIO]

Filed Under: News Tagged With: biometrics, Financial, MasterCard, mCommerce, survey

Primary Sidebar

Join Us For Our Next Virtual Event:

Travel & Hospitality Biometrics Online Summit
Register now!

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

cmitech logo

CMITech is a leading provider of high performance, cost effective iris recognition systems. The company is setting the industry standard for advanced user interfaces that are fast, intuitive and effortless. Serving enrollment and authentication solutions of all sizes, CMITech systems include binoculars-type, wall mount, desktop, and kiosk-type product configurations.

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Domino’s Stranger Things App Gives Customers ‘Telekinetic Powers’ Using Biometrics
  • Innovatrics and Blaize Bring Facial Recognition to the Edge
  • SecuGen Introduces New FAP 30 Fingerprint Sensor
  • The Tech Bubble Is Bursting. VCs Are Nervous. What Does That Mean for Biometrics?
  • Canadian Government Asks Court to Dismiss Privacy Lawsuit Against National Police Force

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics