American multinational company Visa has announced that in the future for cash withdrawal with card and payments will use fingerprints, voice, retina and even your heartbeat.
Financial giant, together with the rest of the industry of payment transaction, is currently working on new standards for moving from pins to fingerprints. Reported that consumers will be able to see the results of their work embodied in new technologies, by the end of the year.
Rob walls, head of production in Australia Visa says customers are very savvy in terms of using this technology.
«According to our research, 8 out of 10 people use the same PIN on multiple cards. By 2020, the average consumer will have to remember more than 200 passwords that they must remember.»
To make life easier for people, billing company trying to develop a system that will use such naturally unique items, the scanned image of a retina or a fingerprint.
«You don’t have to rush in search of your wallet to enter a 16-digit credit card number».
However, all changes will be gradual, because the use of biometric data can be difficult. It will take time to build special terminals for payments and the introduction of new systems in banks and stores.
«It’s an evolution, not revolution».
After the recent high-profile hacker attacks and frequent thefts of personal data, the payment company said that the transition to biometric data is vital. However, it must be done carefully, as a failure in the system can exacerbate security problems.
«The standard that we are developing in the industry, ensures that the biometric details never leave the device. Your voice or your thumb will be authorized by the device you are using, proving that you are who you say.»
