Biometrics in the Payment Industry

"Almost Every Bank, Retailer, Payment Company Is Looking at How to Incorporate Biometrics Into Their Future" -- Peter O'Neill -- FindBiometrics

POINT ROBERTS, WA and NEW YORK, NY--(Marketwired - November 06, 2015) - Investorideas.com, a global news source covering leading sectors including tech reports on the recent Money20/20 2015 Conference held at the Venetian in Las Vegas and the role biometrics will play in the future of the payment industry.

Money 20/20 is one of the largest events covering payments and financial services innovation and biometric technology was a key topic in many of the panel sessions, as well as being incorporated into many of the exhibiting technologies.

Bryan Yeager, an analyst at eMarketer Inc., in his presentation at Market Overview: Mobile Wallets & Payments referenced that, "The movie 'Back to the Future 2' featured biometrically authenticated payments in a scene where this guy asks Marty to thumb him $100 to save the clock tower. That shows they were looking at biometrics in payments back in 1985."

Video Clip: Bryan Yeager, Analyst, eMarketer Inc. at Money 20/20

https://www.youtube.com/watch?v=pQfiD_T4iGs

The industry has come a long way and is now very much a part of reality as noted in the session, 'Biometric Identity & its Applications in Financial Services & Payments', moderated and introduced by Peter O'Neill, President, FindBiometrics.

Peter told an attentive audience, "Biometric technology is more popular than ever before. New advances in biometrics have allowed for massive proliferation. All the big players are now involved; Apple, Microsoft, Samsung, Google, MasterCard, USAA, Toyota, Visa, Facebook, Ford, General Motors, TD, Scotia, Royal, CIBC, Alibaba, Qualcomm, PayPal, Intel, and on and on and on."

Commenting on the topic with Peter were some of the big names in the industry with speakers including Paul Burmester, CEO, Validsoft; Philippe Le Pape, VP Sales Director, Morpho (Safran); Bob Reany, Group Head & SVP, Identity Solutions, MasterCard; Rick Swenson, AVP Enterprise Fraud Prevention & Detection, USAA; and Conor White, President, Americas, Daon. They discussed how different biometric technologies including voice, face, fingerprint and iris recognition are enabling new applications in financial services and payments.