Survey: Consumers wary of biometric payments
Sixty-one percent of consumers feel that providing companies with their fingerprint and iris information put their personal identity information at risk, according to “Vital Insights into Biometric Payments Adoption,” a report from Transaction Network Services.
In the last year, 15% of adults have made a biometric payment, including a quarter of 18 to 24 year olds. However, many consumers remain wary, especially male consumers in the United States and the U.K. In Australia, women reported security concerns.
However, adults in the US increased biometric payments usage slightly since TNS’ last survey two years ago. Usage in the last year has been greatest among U.K. adults.
Looking ahead, 68% of consumers believe biometric payments will become more commonplace in the next 2-5 years. Fingerprints were chosen as the most popular identifier overall, the study revealed.
– planetbiometrics.com –