Biometrics Moving from Physical Till to Ecommerce

Man giving fingerprints with sensor when passing special control point in airport with employee watching at screen.

For online businesses, customer authorization for internet payments can come at a cost. Given that almost 40 per cent of ecommerce transactions are impulse buys, any interruption to the transaction gives a customer a chance to rethink the purchase. One in three online shoppers in the US have abandoned a transaction rather than re-enter payment details. While regulation has forced businesses to accept this drop-off as worthwhile to combat fraud, security such as one-time passwords can fail or be beaten. One solution, security experts say, is biometric authentication. . . .


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#biometrics #POS #ecommerce #payments #smartphones #fingerprints #facialrecognition #Mastercard #Stripe #Celoitte #mobile #cybercrime