August 24, 2016
Biometric Pilot Deemed Success
June 3, 2013
A group of French companies involved in a biometric payment authentication pilot have released findings and called the test a success. Biometric payment technology firm Natural Security partnered with Banque Accord, BNP Paribas, Crédit Agricole, Crédit Mutuel Arkéa, Groupe Auchan, Ingenico and Leroy Merlin on a pilot that ran from October 2012 to March 2013. More than 900 consumers making more than 5,000 transactions took part in the pilot that tested fingerprint and finger-vein authentication technology. Overall, 94 percent of consumers involved in the test said they are ready to use the option for all of their in-store payments.
“This pilot has been particularly significant in building our technical knowledge of how the standard works in real life transactions, as well as our understanding of customer behaviors and reactions,” said Cedric Hozanne, CEO of Natural Security. “We’ll be using the results to feed into future development, but undoubtedly it’s been a success. Consumers are ready for this new type of payment method.”
Natural Security is currently running trials for both online and offline transactions, including payments and access to services, with Discover Financial Services and San Jose State University in the U.S.