The future of biometric payments is at risk because of consumer concern over the safety of personal data, according to the Vital Insights into Biometric Payments Adoption report by TNS. According to a survey conducted in March 2017, only one third of consumers are aware that they can use biometrics for payment purposes. Mark Collins from TNS called on the industry to ensure the security of such information and to inform consumers of the protections put in place.
The future of biometric payments is at risk because of consumer concern over the safety of personal data, according to the Vital Insights into Biometric Payments Adoption report by TNS. More than 60% of respondents were concerned about the security of their personal information when giving companies fingerprint or iris information. Mark Collins from TNS called on the industry to ensure the security of such information and to inform consumers of the protections put in place.