If you do not pay with cash at the point of sale, you often must confirm payments with a PIN or signature. But many German citizens are increasingly prepared to secure cashless payments with their own biometric data.
Bitkom Survey: Cashless payments by biometric scan of the iris
- Nine out of ten would authorize cashless payments just with a simple fingerprint
- Five percent do not want to use biometric measurements like facial recognition
- Payment with biometric verification are on the advance
If you do not pay with cash at the point of sale, you often must confirm payments with a PIN or signature. But many German citizens are increasingly prepared to secure cashless payments with their own biometric data. Almost nine out of ten (86 percent) would use the fingerprint to authorize their payments. In the previous year, only 80 percent have favoured biometric solutions. This statement is the result of a representative survey conducted by Bitkom. One in two (45 percent) would scan their iris in order to authorize payment transactions. In 2018, only four out of ten (38 percent) have agreed. “Biometric methods will also become established for payment, says Susanne Dehmel, member of Bitkom’s management board.“ Just using a fingerprint to unlock the smartphone is already daily practice.”
Three out of ten would secure their payments by using facial recognition
One third of the German citizens (32 percent) may imagine identifying and securing themselves with their own voice profile. Three out of ten (28 percent) would use facial recognition to secure payments. The idea of authorizing payments over your own heart rate is not yet popular. Only 5 percent do not wish to use such biometric measures. “Biometric procedures are convenient and safe for users. Unlike passwords, unique physical characteristics are not lost or forgotten”, said Dehmel.
Biometrics refers to methods in which individual human characteristics are used. The results are converted into a data set that is digitally stored. In order to verify an identity, the converted biometric values of a person can be compared with the existing data set.
This post was first published in the Bitkom newsroom. You will find the German original here.