Yapital is currently testing payment by fingerprint scan. The technology could replace PIN entry when paying by smartphone.
“Yapital seeks to rapidly harness new technical possibilities, if they actually improve user experience,” says Oliver Kress, Senior Vice President Innovations at Yapital: “As the major smartphone manufacturers are now integrating fingerprint scanning into their products, we have immediately launched appropriate tests.” The aim is to discover whether new technologies meet the demands that Yapital places on usability and security. According to Kress “it must be easy, intuitive and secure for the consumer – only then we will implement it”.
The payment process by fingerprint would already be this year’s third major innovation by the cross-channel payment solution: In 2014, Yapital already introduced the integration of Bluetooth Low Energy (BLE), as well as purchasing by scanning a QR code directly from advertising spaces, for example from shop windows or posters.
Whitepapers
Related reading
2020 hailed “year of contactless” by payments study
By Richard Young The coronavirus crisis has caused a surge in mobile and contactless payments, driving consumers to make fewer but larger ... read more
Redefining remittances: Fintechs during coronavirus
By Daumantas Dvilinskas, CEO and co-founder, TransferGo According to new projections by the World Bank, remittances are set to decline by as ... read more
Crypto’s safe-haven status wavers amidst market crash
Perceptions that cryptocurrency performs autonomously from other markets is being questioned as bitcoin crashed by 50 percent on March 12. Market participants ... read more
COVID-19: our action plan
Dear reader, As the coronavirus pandemic spreads, we continue to hear and read unsettling stories from around the globe. At Payment Eye, ... read more
