Mobile payment adoption has stalled, according to the Federal Reserve's annual survey, with only 28%, the same figure as in 2014, saying they used the technology. The survey also found that more than half of consumers said their mobile phone bill was higher because of a lack of digital payments. Boston-based Lux Research believes a combination of "behavioural biometrics" (swiping or typing patterns), and facial and voice recognition could be the solution.
Mobile payment adoption has stalled, according to the Federal Reserve's annual survey, with only 28%, the same figure as in 2014, saying they used the technology. The major barrier is finding a convenient yet secure biometric measure. Boston-based Lux Research believes a combination of "behavioural biometrics" (swiping or typing patterns), and facial and voice recognition could be the solution.