• 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

Deloitte Sees Rise of ‘Touch Commerce’

September 27, 2016

In a new market report, Deloitte is heralding the rise of ‘touch commerce’ – digital payment systems that let customers conduct transactions through their mobile devices’ fingerprint scanners. The financial consulting firm predicts that this year alone, the number of consumers regularly performing such transactions will reach 50 million, an increase of 150 percent.Deloitte Sees Rise of 'Touch Commerce'

That’s because it makes mobile ordering so much easier, since biometric profiles can essentially replace the complex cardholder information needed for such transactions. Deloitte asserts that one merchant has reported reducing its app’s checkout process from 103 seconds to 17 seconds, for example.

Most of this takes place via smartphones featuring embedded digital wallets, such as newer iPhones. Deloitte asserts that there are “billions” of such devices on the market today. But such transactions are also taking place via payment services that first register user credentials, and then allow subsequent purchases with the tap of a finger.

Deloitte’s predictions track with others like those made by Juniper Research in a report issued at the end of August, in which the market research firm predicted that Apple Pay and Android Pay purchases would rise in value from $540 million this year to $8 billion in 2018.

–

September 27, 2016 – by Alex Perala

Related News

  • Mass Deployment of Biometric Payment Cards Approaches as Zwipe and Infineon Extend PartnershipMass Deployment of Biometric Payment Cards Approaches as Zwipe and Infineon Extend Partnership
  • Taiwan’s Financial Supervisory Commission Grants Banks Apple Pay ApprovalTaiwan’s Financial Supervisory Commission Grants Banks Apple Pay Approval
  • South Africa’s First National Bank Launches Its Own Apple Pay RivalSouth Africa’s First National Bank Launches Its Own Apple Pay Rival
  • News Roundup: Civil ID Versus Organ TraffickingNews Roundup: Civil ID Versus Organ Trafficking
  • ProPay Has Announced Samsung Pay SupportProPay Has Announced Samsung Pay Support
  • Over 50 Card Issuers Add Support To Apple PayOver 50 Card Issuers Add Support To Apple Pay

Filed Under: News Tagged With: biometrics, commerce, Deloitte. research, Financial, Fingerprint, mCommerce, Mobility, payments

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