Biometric payments offer a convenient, secure way to make purchases. JPMorgan is testing the technology – which Goode Intelligence expects to account for nearly $6 trillion in transactions by 2026 – as a means of staying ahead of the payments revolution. For years, financial institutions have allowed users to sign into their smartphone apps with […]
Tag: biometrics
Authorized push payment scams – where victims are tricked into sending money to criminals under false pretenses but of their own accord – are a growing problem. Banks are testing biometric technology to help flag unusual customer behavior. A new report from the Global Anti-Scam Alliance found that scams increased by 10.2% globally in the […]