FB pixel

Biometric POS market to grow at over 35 percent CAGR; Telpo updates terminal

Biometric POS market to grow at over 35 percent CAGR; Telpo updates terminal
 

The global market for biometric point of sale (POS) terminals could increase by $1.17 billion between 2020 and 2025, according to a new report from Technavio, at a spectacular 35.77 percent compound annual growth rate.

The report breaks down the market by technology and geography, and says the COVID-19 pandemic has spurred adoption of biometric POS systems. Restaurants are a leading growth area, for employee access, self-service transactions, and payments.

Telpo pitches multi-modal terminal for PSD2 compliance

In the same space, Telpo has updated its TPS900 biometric POS terminal to support multiple payment methods and ensure compliance with the Strong Customer Authentication (SCA) requirements of the Payment Services Directive 2 (PSD2) regulation.

PSD2 applies to the European Economic Area and the UK, and requires at least authentication based on a combination of three method categories, one of which is ‘inherence,’ or biometrics.

Telpo sees this as part of the spread of digital best practices for customer identity verification to prevent fraud, according to a company announcement.

The TPS900 mobile biometric POS terminal was first unveiled in 2019. The TPS900 Smart EFT-POS includes face, fingerprint and iris recognition, as well as QR code and NFC payment support. It features a 5.5-inch screen, with a Qualcomm chip running Android, and support for a broad range of financial certificates.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Ghana, Nigeria, Kenya reveal revenue generation models from national ID programs

At ID4Africa 2025, a panel of representatives from five African countries deemed advanced in identity spoke on ‘Reimagining Identity Authorities…

 

ID4Africa 2026 AGM will take place in Abidjan, Cote d’Ivoire

Cote d’Ivoire’s commercial capital, Abidjan, will be the venue of the 2026 edition of ID4Africa’s Annual General Meeting (AGM). The…

 

Expansion of biometric tech demands trust before adoption, survey finds

A new report on consumer attitudes toward biometrics performed by the Identity Theft Resource Center (ITRC) explores the growing reliance…

 

EU launches interoperable biometric matching service for border control

The European Union has made a big step in making its biometric databases for law enforcement and border control interoperable….

 

EU calls for public feedback on European Business Wallet

The European Commission has issued a call for feedback on the EU Business Wallet, a digital identity wallet intended for…

 

Au10tix identifies new deepfake fraud tactic that probes for security vulnerabilities

The repeaters are here. I repeat: the repeaters are here. The Q1 2025 Global Identity Fraud Report from Au10tix has…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events