BROOKFIELD, WIS.– Biometric security shows promise in mobile banking, according to new research from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions. In the company’s quarterly consumer trends survey, fingerprints are preferred over passwords insofar as consumer expectations for secure, real-time transactions.
The survey shows that as mobile banking has matured it has shifted from being a channel used to access information – such as viewing balances or statements – to a transactional channel, and the 3,000 U.S. banking consumers surveyed by Harris Poll showed the majority of them are ready to embrace biometrics:
“Biometric security appears to have the potential to provide people with greater assurance than more conventional measures. While 41 percent of consumers indicated they would feel secure using a password as an authentication method to confirm their identity when using a mobile app, 62 percent said they would feel secure using fingerprint technology. This could have significant implications for overcoming consumer security concerns related to mobile payment methods.”
A paper summarizing the survey’s findings “Expectations & Experiences: Consumer Payments” is available at http://fisv.co/payments-expectations.
Integrated Biometrics, LLC designs and manufactures FBI-certified fingerprint sensors for law enforcement, military operations, homeland security, national identity, election validation, social services, and a wide range of commercial applications. The company’s patented light emitting sensor technology enables lightweight scanners that outperform traditional prism-based devices in size, power consumption, portability, and reliability. Identity management solutions providers, government agencies, and corporations around the world rely on Integrated Biometrics’ products to enroll and verify individual identity quickly and accurately, even in remote locations.