In 2015, there were about 540,000 biometric POS terminals in circulation. Biometric POS terminals will experience huge growth over the next five years
DIGITALPERSONA ALTUS UPDATE
Just last week, identity solution vendor Morpho announced a partnership with Visa to step up security using technology like biometrics.Īccording to a Biometric Update article on the partnership, Morpho is exploring touchless fingerprint recognition for proximity payments, and facial recognition in smartphones and tablets to “validate payments through a simple selfie”. One of the newest technologies to grace the market is biometrics.
But POS terminal vendors are also looking for ways to step-up security to make their product stand out from the pack. One solution on the consumer side of things are RFID-blocking wallets. The RFID chip technology that normally makes payments so quick and convenient leaves customers vulnerable in this situation.
On a crowded subway, it’s an easy scam to carry out. All they have to do is key in an amount less than $30, and tap the terminal next to the victim’s wallet. We’re all familiar with chips and passcodes, which protect our information when we make credit or debit purchases, but these security measures can be easily circumvented.įor example, a scam that is appearing more and more lately involves thieves that carry around mobile POS terminals.
DIGITALPERSONA ALTUS HOW TO
One of the key considerations in the payments and point of sales market is how to make payments more secure. By Technavio Blog Computing Devices Hardware and Semiconductor March 2, 2016
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