Finance Monthly: Consumers Call For Banks To Embrace The Power Of Their Fingerprints
17 December 2018
The time has come for the banking community to listen to its customers and realise that the UK public is ready for biometric card authentication.
According to recent research by IDEX Biometrics, more than half (53%) of cardholders would trust the use of their fingerprint to authenticate payments more than their PIN.
A further 56% of research respondents stated that they would feel more secure conducting purchases with their card, if they were authenticated with their fingerprint. It seems that payment card users are very aware of the limitations of their PIN with almost half (45%) admitting that they never change them. And a third (29%) expressing concerns that PINs cannot be relied on to keep their money secure.