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In The News

In The News

October 5 - Biometrics to secure over $5.6T of payments by 2020: Goode Intelligence

Article: Technology For A Global Monetary System

Goode Intelligence has released a new analyst report titled �Biometrics for Payments � Payments Security Gets Personal; Market and Technology Analysis, Adoption Strategies and Forecasts 2015-2020�, which forecasts that by 2020 over $5.6 trillion of payments will be secured by biometric technology. The report also predicts that by 2020 over 226 billion biometrics secured payment transactions will be made.

According to the report, payments have been the leading driver in wide-scale adoption of biometrics in the consumer market, with more than 50 million customers making biometrics secured payment transactions during 2015. Mobile payments, specifically, have been a major driver with the need for �authentication speed� creating demand for a seamless user experience that biometrics can meet.

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