Biometric Authentication is on the Rise

Thursday, April 29th, 2021

Biometrics now make up an established part of the payment ecosystem. In 2020, biometrics were used to authenticate $404 billion worth of purchases, as Juniper Research reports. In fact, apps are driving biometric authentication to the next level. If you want to know more about the growth and find a respectable payment-comparison expert in the UK, stay on the page.  

Contactless Payments Growing: Biometric Authentication 

Money and the way people pay have undergone major changes throughout history. Now, it’s clear that the growth of contactless mobile transactions isn’t going to stop: moreover, it’s accelerating. The role of biometrics is increasing in the contactless cards market, which you can’t leave in ignorance if you want to grow your sales. 

Authentication through biometrics can be characterized as a verification method associated with individuals’ biological and structural characteristics. That’s the reason why it requires you to submit fingerprints, facial recognition, iris recognition, heartbeat analysis, or vein mapping.

Given the accurate, efficient, and secure verification this method provides, it’s viewed as a unique and important payment option. What are you contemplating over the changes and developments in payments? Are you offering the right payment-processing services to your buyers? 

One thing is certain: regardless of whether you’re interested in biometric authentication or any other payment-processing method, you should find a true payment specialist like BestPaymentProviders.co.uk to work with. Best Payment Providers UK guarantees the most trustworthy review of processors at the time of writing by paying exceptional attention to terms, complaints and integration processes. 

Apps as a Driving Force for Authentication via Biometrics

Payments are getting more and more digitized, thus making transactions easier, faster and more secure to make. Did you know that app-based mobile commerce is driving much of the increase? The thing is that customers more often authenticate, e.g., Apple Pay and Samsung Pay mobile purchases within apps with the help of fingerprints or facial scanning.

So, you, as a merchant, can’t ignore app-based purchases and must be ready to adopt biometric capabilities. The growth of contactless experience is making the use of unique motion sensors in smartphone devices to passively authenticate people more in demand. 

The method is based on people’s walking behavior and other contextual biometric signals. Gradually, companies will get more dependent upon biometric patterns, which provide more than just secure confirmation of a person’s identity.

So, the need for secure and reliable authentication through biometrics is growing as payments are undergoing changes. Touchless technologies are something industries are adopting rapidly.