Biometric payment cards using fingerprint technology could add billions to global banking revenues, says UBS Biometric payment cards with built-in fingerprint sensors could add $5bn to revenue in the global banking sector by 2026. According to UBS bank, the biometric technology could help payment cards retain relevance in the face of mobile payment alternatives. The...

Biometric payments are transactions that use biological characteristics to verify a person’s identity before processing a payment. Biometric payments rely on unique physical or behavioral traits such as fingerprints, facial recognition, iris scans, or voice recognition. These methods provide a more secure way to conduct transactions because biometric data is more difficult to replicate or...