Securing Mobile Payments with Biometric Authentication

March 31, 2016 | State of the Market Report

There has been a lot of hype in mobile payments, with new products from major companies like Apple and Samsung, coming online in recent years. While analysts predicted fast growth in 2015, the actual results have been lagging. To counter slower than predicted growth, companies are beginning to add biometrics which would add security and usability for users while improving cooperation between different players in the mobile payment ecosystem chain. In this report we look at the best biometrics to include for three different types of payment use cases.

Coverage Areas

  • Consumer Choices in Food, Health, and Wellness
  • Digital Transformation
  • Sensors

Table of Contents

  • Title page
  • Table of Contents
  • The Current Mobile Payment Landscape
  • Barriers to Mobile Payment Adoption
  • Biometrics to Improve Security and User Experience
  • Analysis
  • Payment industry outlook

Lead Analyst

Tiffany Huang
Research Associate

Contributors

Pallavi Madakasira
Jonathan Melnick, Ph.D.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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