Product Type: Market Research Report
Published by: TowerGroup
Published: April 2005
Product Code: R301-949Description he present Research Note explores the potential use of one biometric method, fingerprint authentication, as a substitute for PIN or signature for bank card payments, both credit and debit. The Note identifies the obstacles to be overcome for widespread adoption of this authentication mode in the bank card payment environment and offers examples of both short- and long-term strategies for use of biometrics at the point of service. Many of the challenges facing use of fingerprint biometrics are applicable to other biometrics.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- Background
- Exhibit 1: Fingerprint Biometric Authentication for Payments: Flowchart of a Sample Process
- Exhibit 2: Dynamics of the Two-Sided Payments Market, Including Impacts of the Network Effect
- Identification or Validation?
- The Vexing Problem of False Matches and False Nonmatches
- Existing Standards Are Insufficient
- Cost Justification
- Data Transport
- Enrollment
- Exhibit 3: Enrollment Challenges by Channel in Biometric Payments (2005)
- Alternative Migration Paths to Biometrics in Open Payment Systems
- Adapting the 3DSecure Model for Biometrics
- Exhibit 4: Three-Domain Fingerprint Biometric Authentication for Payments: Flowchart of a Sample Process
- The EMV Alternative
- Exhibit 5: "Tap-and-Go" Fingerprint Biometric Authentication for Payments: Flowchart of a Sample Process
- Summary
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