Biometrics

Once considered one of the strongest methods of ID, finger biometrics can now be copied and used to expertly defeat biometric authentication, writes Deepak Dutt, CEO and founder of Zighra.

The feature instructs consumers to follow an object on the screen with their eyes, in a randomized pattern Jumio said will be nearly impossible for fraudsters to fake.

If U.S. consumers are taking a cautious approach in adopting new payments and security technology, they at least are becoming keenly aware of the options available now and in the near future.

Consumers have accepted the use of fingerprint authentication for mobile payments. But will they be as welcoming of facial recognition? A few companies are testing the waters.

The FTC likes facial recognition, but consumers may not be comfortable with using the technology to secure mobile payments.

Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.

Consumer frustration with passwords is nearing a peak, with average users currently registered via password to more than 90 online accounts, and one in four consumers forgetting at least one password daily, according to a new study from Mastercard.

The username and password are dying. Only biometrics can unify the age-old opposing forces of user experience and digital security in replacing an antiquated method.

Researchers continue to prove that they can beat biometrics. However, the authentication method is still far superior to knowledge-based questions so long as banks also deploy other standard security practices.

Biometric scans provide security and convenience, but still carry risk that requires additional technology, writes ValuePenguin analyst Robert Harrow.