This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
01/02/2024
Biometrics in 2023: Reshaping Authentication, Igniting Debates and Driving Innovation
PYMNTS
In a digital landscape increasingly defined by the surge of online and mobile shopping, consumer demand for flexible, secure and convenient ways to authenticate transactions is at an all-time high. Enter biometric authentication — a game-changing technology revolutionizing how transactions are verified using unique physical or behavioral traits.
The trend gained serious momentum this year, with an increasing number of individuals, particularly younger generations, hopping on the biometric train as they recognize its value in simplifying and securing transactions.
According to findings detailed in “Biometric Authentication in the Age of Mobile,” a PYMNTS Intelligence and AWS collaboration, more than half of consumers who completed online purchases used biometric authentication to validate their transactions, eliminating the need to remember passwords, scan QR codes or enter credit card information.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information