By Vince Graziani, CEO of IDEX Biometrics ASA The impact of COVID-19 on the global payments industry is likely to be profound. McKinsey predicts that activity in the sector could drop by as much as 8-10% of total revenues due to the pandemic, a reduction of between $165 billion- $210 billion. That’s compared to the
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By David Orme, SVP, Sales & Marketing, IDEX Biometrics ASA Ever since March, when the World Health Organization encouraged people to not use cash, coronavirus has made touch-free shopping a necessity for all consumers. However, as economies across the world begin to reopen, we are seeing in-person shopping and payment via touch-pads return. So, with
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By Vince Graziani, CEO of IDEX Biometrics ASA Cash is in decline in every country around the world. That has only intensified since the emergence of the COVID-19 pandemic, swiftly leading us towards a cashless society. Many retailers have stopped accepting cash altogether, instead encouraging customers to use contactless card payments or mobile apps to
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Following the coronavirus outbreak, consumers are ready to go cashless more than ever before. With many businesses discouraging the use of cash because of hygiene questions that surround handling money, contactless payments are front of mind to avoid touching pin pads. But in an increasingly cashless ecosystem, there is a growing threat of card fraud
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In a matter of weeks our entire payments ecosystem has shifted. In person, many supermarkets have reacted to the coronavirus pandemic by implementing plastic barriers at checkouts to protect customers and staff during the shopping transaction. Meanwhile countless retailers and services have shifted to cashless payments to remove contact with consumers and increase hygiene in
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How often has your workplace sanitised its fingerprint scanner, office door pin pad or access gates before now? I’d imagine the answer is: not very often. But as we all reassess everything that we touch amid the coronavirus pandemic, many organisations around the world are finding themselves having to disinfect pin pads and secure fingerprint
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Although commercial gambling under 18 years-old is illegal in the UK, the number of young people betting underage is on the rise. New research commissioned by IDEX Biometrics reveals almost three-in-ten (29%) of Generation Z (those born after 1995) accessed online gambling sites while underage. On average, respondents were just 15 years old when they
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Children now have unprecedented access to potentially harmful and age-restricted content such as gaming, gambling, adult sites and social media – all from their home. But a new Generation Z study (those born after 1995) from IDEX Biometrics has revealed this age group want to see tougher parental controls to protect children from potentially harmful
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Those in Generation Z (born after 1995) are used to easily accessing everything from social media to gambling online. Even porn is only a few taps away. But new research from IDEX Biometrics shows that nearly two-thirds (62%) of Generation Z don’t think the UK Government is doing enough to protect children from accessing adult
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How would you like to live in a city that’s perfect for you? Today, thanks to real time connected applications such as public transport services and heating systems that can be turned on remotely, we are used to higher levels of convenience in our lives than ever before. But as technology continues to advance, these
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