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Biometric Payments: Ready for Prime Time?

Product Type: Market Research Report
Published by: TowerGroup
Published: May 2005
Product Code: R301-932
Description
This TowerGroup Research Note considers the progress of biometric authentication of payers' identity for consumer payments at the point of sale. It examines the advantages and promises of the biometric solutions such as fingerprint recognition for this purpose as well as the pitfalls and barriers that continue to block the use of biometric technology in all but closed-system environments. The Note considers the future potential for such services and reviews several issues that have yet to be addressed within the biometric payments space.
Table of Contents
TowerGroup Take-Aways




Report Coverage




Background




Authentication


Exhibit 1: An Overview of Biometric Authentication Technologies in Consumer Payments (2005)




How Biometric Payments Work

Process Overview


Exhibit 2: Schematic of Fingerprint Biometric Authentication for Payments

Exhibit 3: Process Overview of Payments Using Fingerprint Biometric Authentication


Business Drivers of Biometric Payment Authentication

Drivers for Biometrics by Channel

Channels and Enrollment


Exhibit 4: Use of Biometric Authentication for Payments by Channel (2005)




Closed-System Deployments: Today's Biometric Sweet Spot

Vendors That Support Biometric Payments

Legal Wrangling

Considerations in a Closed Systems and Beyond




Summary
Ordering and More Information
Price and Delivery Options


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