FB pixel

French consumer interest, regulations boost biometric payment cards’ prospects

French consumer interest, regulations boost biometric payment cards’ prospects

French consumers are increasingly keen to add biometric payment cards to their wallets, according to a survey from Fingerprint Cards which shows 70 percent of those familiar with the technology would like to be able to use it.

The survey, conducted in collaboration with Kantar, shows 59 percent of French consumers overall want a biometric payment card, up from 50 percent in 2019 and 51 percent in 2020. More than half also said they would consider switching banks to get one.

Asked if they would pay a premium of €3.20 (roughly US$3.70) to get one, 55 percent answered affirmatively, up from 50 percent last year.

Among those interested in using biometric payment cards, 71 percent cite the safety benefits in the case of a lost or stolen card.

“It’s exciting to see the high interest among consumers, and in a country first to roll this out in a larger scale,” comments Michel Roig, SVP Business Line Payments and Access at Fingerprint Cards. “It took time and considerable expertise to equip payment cards with fingerprint sensors. 2021 and beyond will see biometric cards deployed by banks and financial institutions around the world, for the benefit of their business, merchants and consumers. Banks need to understand the technology itself to make informed decisions, to offer customers a card that enhances the shopping experience, rather than hindering it.”

Biometric payment cards for impending SCA requirement

The strong customer authentication requirement of Europe’s PSD2 regulation “is certain to produce shockwaves across the payments industry,” but can be supported by future-proof technologies like biometric payment cards, according to the first in a series of blog posts from Idex Biometrics on SCA.

Idex Chief Commercial Officer Catharina Eklof writes that the current implementation deadline delay is likely the last, meaning retailers will need to be ready to carry out SCA by March 2022.

Eklof reviews the requirement and provides advice to businesses preparing for the change.

A recent market forecast suggests fingerprint sensors are still a fast-growing area, set to increase by $2.3 billion over the next five years.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News


DHS awards SVIP contract to Procivis for decentralized identity software

Procivis AG, a subsidiary of Swiss institution Orell Füssli, has been awarded a tender through the U.S. Department of Homeland…


IDnow rides online betting wave from UEFA Euro Championship

IDnow is capitalizing on UEFA European Football Championship fever, registering over eight times more identity verification requests on sports betting…


Android 15 integrates biometric security across the board

In the latest Android 15 Beta 3 release, significant progress has been made in the area of biometric authentication. In…


Vote begins on biometric injection attack standard

Europe’s standard for biometric data injection attacks is on track to be published in October of this year, and could…


Police Scotland engages public on biometric data rights amid cloud storage concerns

Police Scotland has commenced the distribution of an information leaflet to all individuals in police custody who have their biometric…


‘Facial recognition is the easy part’: digital travel ID pilot results are in

Air travel has been getting more complicated. From security and passport checks to special documents such as COVID-19 certificates, passengers…


Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events