Visa to introduce biometric technology for its customers.
A new study from Visa has found that British consumers are more open that ever to using biometric technology to access their accounts.
This includes the use of facial recognition or thumbprint scans to authorise access to their accounts.
Overall, Visa's study found that 60 per cent of Britons would trust their banks to safely store biometric information including fingerprint, iris and facial recognition.
However, just 33 per cent said that they would be for the government to access the same data.
Banks were seen as a key point to test out new biometric technology, with consumer trust growing as they become more familiar with the services, with fingerprint scanners now present in many leading smartphones.
Nearly two-thirds of consumers (64 per cent) want to use biometrics as a method of payment authentication, with fingerprint highlighted as the most popular method.
Fingerprint authentication was also found to be viewed as the most secure form of payment, ranking higher than other biometric authentication options such as iris-scanning (83 per cent) and facial recognition (65 per cent).
Kevin Jenkins, UK & Ireland Managing Director at Visa said, “Banks have a tremendous opportunity in this payment revolution."
"From trialling voice recognition to behavioural biometrics for authentication, we’re already seeing banks – both high street and challenger banks, alike – making positive steps to adopt this technology in a variety of use cases."
HSBC already introduced similar move for its Online Banking customers.
The system will allow new business customers to pass identification security checks by taking their own photo on a mobile phone.
The headshot is then assessed against an identification document uploaded by the customer, such as a passport.
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