• David Orme, Senior Vice President at IDEX Biometrics


• 08.05.2019 01:15 pm
payments

“The news this morning that Amazon has been forced to accept cash at its 'cashless store' amid claims it discriminates against those without bank accounts, serves as a stark reminder of the struggles to come if banks and the Government don’t work closely enough to ensure the benefits of cashless society are available and accessible to all. A solution must be adopted to bridge the gap to those who currently remain unbanked by removing the barriers that face those living with dementia or literacy challenges. Fingerprint biometric payment cards are just one way this could be done, as payment card authentication will no longer be about what you know, or what you can remember, but who you are.

“Biometrics companies are already working alongside card manufacturers and financial institutions to combat this issue and rapid advances in technology mean that biometrics is set to make a real impact on financial inclusion over the next couple of years. Latest advancements in fingerprint biometric payment cards will also mean that enrolment for biometric payment cards can take place in the comfort of your own home. This prevents individuals from having to leave the house to visit a bank branch, meaning this solution will be accessible for all, including those who might have physical health limitations.”