British consumers welcome developing biometric tech in banking
Biometric Technology Today · 2016
Iris scanning technology has overtaken fingerprinting as the most popular biometric, with 60% of consumers saying they’d consider using it, compared to 33% in 2014, according to Intelligent Environments’ Future Password Index (FPI). The FPI 2016 also reveals that consumer demand for all biometric security measures has soared since 2014. This comes as biometric payments research from Visa discovered that 85% of British people say banks are the most trusted institution in the provision of biometric authentication payment services. The Visa research also revealed that consumers are nearly twice as likely to trust banks to store and keep their biometric information safe (60%) than they are to trust government agencies (33%).