Biometric authentication is quickly becoming a fundamental component of the banking industry due to its ability to offer highly secure identity verification processes. Apart from that, biometrics are also used for applications in mobile banking, online banking, ATMs, and even in-branch banking.
Biometric verification technology in particular can enable banks to deliver an effortless user experience, maximize customer inclusion, reduce user frustration, and provide the security needed to protect against fraud while supporting compliance with regulations.
Biometrics and Contactless: The Ultimate EMV Card Experience In-Store
Biometrics for the EMV card offers more than just convenience.
The final element needed to migrate the entire card experience to contactless, regardless of the payment amount.
The fact that the card keeps its ISO form factor and can be used in contact mode is a long-term step ensuring that EMV payments will remain the only truly universal payment d.
Nine Pilots as of December 2020
Thales biometric payment cards have been widely deployed and tested in customer trials worldwide.
As of November 2020, pilots had been conducted in nine countries over 30 months, generating considerable positive feedback.
They mainly appreciated the extra convenience.
Since 2018, pioneering banks in Cyprus, Italy, and Lebanon have rolled out their .
Why should you use biometrics for credit cards?
Discover why biometrics for credit cards is the ideal payment technology to migrate the entire card experience to contactless, regardless of the amount.
Will voice biometrics lead to a booming commercial banking application?
Goode Intelligence predicts that with the rise of smart home voice-controlled devices like Amazon Echo, Google Home and Apple Homepod, this will lead to an explosion of conversational commercial banking applications that use voice biometrics to identify customers.
