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A pilot of the use of fingerprint and facial recognition for payments in the Netherlands revealed that 90% of people prefer using biometric identification to passwords for online payments.
The six-month pilot was tested on 750 customers of Dutch bank ABN Amro, and was run by MasterCard and International Card Services (ICS). It found that 75% of the testers believed biometric payments will reduce fraud, and 77% want to continue using a fingerprint and facial recognition after the pilot.
MasterCard said commercial interest led to the company’s decision to launch the technology in the US, Canada and parts of Europe in the summer of 2016. This will include integrating biometric technology with apps from banks.
Users get a pop-up on their smartphone when paying online and they authorise transactions using their fingerprint or facial recognition.
“The Dutch consumer is very progressive in embracing new technologies. Our country is the international leader in easy, safe and efficient payments,” said Arjan Bol, country manager Netherlands at MasterCard.
“We are examining the possibilities to integrate our technology in the banking and tech giants’ apps to make payment using a selfie or fingerprint even easier.”
In January 2015, Visa Europe published the results of a survey that showed the new generation of banking customers would rather use biometric security devices than PINs and passwords.
Read more about biometric security
- Biometric authentication will be the future of mobile security – and DNA could be next.
- Facial recognition, fingerprint sensors and other advanced mobile device authentication technologies are the future of smartphone, tablet and internet of things security.
- The uniqueness of fingerprints, retinas and the other biological features that biometric authentication relies on is the security tool’s greatest asset.
The survey showed that 75% of 16 to 24-year-olds would have no problem using biometric security, with 69% expecting it to be faster and easier than a password or a PIN.
Separately, HSBC recently said that it will boost mobile banking security by giving more than 15 million customers access to accounts online using voice or fingerprint recognition biometric technologies.
The system will be rolled out at HSBC’s First Direct internet and phone banking division, with other HSBC’s customers to follow in the summer of 2016.