Younger banking customers excited for biometric tech

Fingerprints, facial recognition and other biometric technologies that replace passwords and PINs are becoming more and more popular with younger banking customers,

According to a new survey by Visa Europe, 75% of 16-24 year olds are comfortable using this technology when making payments or withdrawing cash from ATMs.

Four-fifths of the 2088 young adults surveyed said that they believe biometric security measures have faster transaction times than conventional approaches, and many younger customers also felt that they would be more secure.

70% said that they would like to use fingerprint scanners to verify their identities, with two-fifths preferring retinal scans and 27% pushing for facial recognition.


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