Why are a high number of false rejects not acceptable?

A high number of false rejects simply will not suffice when it comes to day-to-day consumer card usage. Failed matches when trying to authenticate a payment in store would not just prove inconvenient for consumers but could also cause significant delays for the retailer taking the payment. In an age where consumers have become accustomed to seamless payment processes – multiple failed attempts to match a fingerprint are not an option and could hinder the mass adoption of biometric fingerprint payment cards.

Will mobile payments displace cards?

Although mobile wallets have been around for years there is huge growth in the number of smart cards issued every year. Data also suggests that adoption of mobile wallets have been slow as consumers are very satisfied with using their cards. We expect card payments to be around for many years to come and that mobile payments and cards will coexist at the expense of cash.