Juniper study finds 40 percent of Apple users unlikely to use facial recognition

Juniper Research has released the results of a new survey that finds that over 40 percent of iOS users in the U.S. are unlikely to use facial recognition as a payment security technology. The results suggest that Apple might run into difficulties with getting consumers to adopt the new Face ID security feature in the upcoming iPhone X. The study finds that contactless payment users considered fingerprint sensors and voice recognition more appealing authentication methods, with 74 percent and 62

Juniper Research projects retailers could lose $71B in card-not-present fraud

Juniper Research has published new research which forecasts that retailers could lose $71 billion globally from fraudulent CNP (card-not-present) transactions over the next five years. The “Online Payment Fraud: Emerging Threats, Key Vertical Strategies & Market Forecasts 2017-2022” report found that several factors including the United States’ shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the increasing loss. The research found that many merchants still perceive combatting fraud as too expensive, and

Mobile biometric payment volumes to reach nearly 2B in 2017

Juniper Research has released a new study that forecasts that the number of mobile biometric payments will increase to nearly 2 billion this year, up from just over 600 million in 2016. In the new study, “Mobile Payment Security: Biometric Authentication & Tokenisation 2017-2021”, Juniper found that while Apple Pay had provided the catalyst for initial growth, other digital wallets including Android Pay and Samsung Pay were increasingly offering biometric authentication solutions. The study also found that the size of

Juniper Research identifies leading disruptors in mobile biometric authentication

Juniper Research released a new research report that identified G&D (Giesecke & Devrient), Gemalto and Synaptics as the leading disruptors within mobile biometric authentication. The three companies are featured prominently within Juniper’s Biometric Platform Disruptors & Challengers Quadrant, released as part of its Mobile Payment Security: Biometric Authentication & Tokenisation research. Juniper defines leading disruptors as companies who possess the capabilities to disrupt the wider mobile ecosystem through the implementation of their platforms. The research firm asserted that while the

Biometric authentication to be used in over 600M mobile devices by 2021: Juniper Research

Juniper Research has released a new study which finds that biometric authentication is ready to move beyond fingerprints alone and use several different identifiers, including facial recognition and voiceprints. These authentication methods will become part of more people’s lives, they will increase from being installed on an estimated 190 million mobile devices in 2016 to exceed 600 million devices by 2021. The new research, Mobile Biometrics: Consumer Markets, Opportunities & Forecasts 2016-2021, finds that demand from businesses for authentication methods

Juniper Research study finds biometric authentication key to improving payment security

Juniper Research has released a new study that finds ecommerce merchants and financial institutions will be increasingly investing in online fraud detection solutions over the next five years, leading annual spending to grow by 30% to reach $9.2 billion by 2020. The report, ‘Online Payment Fraud: Key Vertical Strategies and Management 2016-2020‘, finds that fraudsters now consider mobile payment channels to be especially vulnerable (and therefore desirable targets) as many organizations have yet to implement the same security measures to

MPOS terminal use growing according to Juniper Research

According to a recent Juniper Research report, mobile point-of-sale (MPOS) terminals will take on a significant role in businesses, handling 40% of all retail transaction value by 2021, up from 12% in 2016. Driven by larger retailers as part of an array of point-of-sale options, the use of MPOS systems will account for more than one in three point-of-sale (POS) terminals by 2021, according to a report in IT Web. The study points out that MPOS will let retailers ‘queue

Biometrics and online authentication, payments, fingerprint technology and MWC trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Online authentication Morpho (Safran) announced that Samsung SDS is using Morpho’s facial recognition technology as part of its new multimodal, online authentication solution. The face recognition technology from Morpho includes embedded liveness detection to ensure the face submitted is captured from a live user and not a stored photo or video ensuring reliable and strong online authentication methods to avoid fraud. The

Biometrics most disruptive technology in fintech: report

A new report by Juniper Research titled “Top 10 disruptive technologies in fintech: 2016” discusses technologies that will do the most to transform e-commerce this year and topping the list are biometrics, federated identity and tokenisation. The research firm highlights the use of biometric authentication in both Apple Pay and Samsung Pay and the proliferation of fingerprint readers in smartphones as making the biggest difference to ‘payment completion’ today. Juniper argues that use cases and deployments will proliferate in the

Biometrics and payments, twins dupe facial recognition and fingerprint authentication top this week’s news

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. In one of the more unusual stories this week, facial recognition software used by Georgia’s Department of Motor Vehicles was unable to differentiate between teenage twin sisters applying for driving permits. At the Biometrics 2015 conference held earlier this month, Unique Biometrics founder and CEO Nithin Kumar provided a video demonstration of the company’s new USB iris scanner, Hummingbird 1.0, designed and assembled