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.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
Square has introduced a new update to its contactless and chip readers that reduces transaction speed to 4.2 seconds.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.