The future of cards, contactless and biometrics in payments
By Thomas Rex, SVP at Fingerprints
It's an interesting time for the humble payment card. Card payments have steadily risen in the last two decades, but innovation of the card has slowed since the launch of contactless over ten years ago. Until, that is, the recent entrance of the biometric payment card.
But what’s the value in updating the card further? Contactless cards have gained real traction in the last decade, especially in Europe. But with many markets across the globe still to take the leap to contactless, and others already looking beyond the card to mobile payments, how can we expect the card to continue to be a success?
Limitless convenience
Two major things concern consumers about contactless cards: security and convenience. For those already happy ‘tapping’ with contactless pa...