Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 - Second Edition

  • ID: 4666800
  • Report
  • 320 Pages
  • Goode Intelligence
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This Research Predicts That There will be Over 2.6 Billion Biometric Payment Users by 2023

FEATURED COMPANIES

  • ABSA Bank
  • Biometric Signature ID
  • EarlyWarning
  • Innovatrics
  • Nok Nok Labs
  • Sthaler
  • MORE

This is the second edition of the Biometrics for Payments report, first published in 2015 that is an investigation into the use of biometric technology for payments.

It includes:

  • Review of current global adoption
  • Market analysis, including key drivers and barriers for adoption across a wide range of payment scenarios
  • Technology analysis
  • Analysis of important technology vendors and services providers operating in this sector
  • Forecasts for users and revenue within the six-year period 2018 to 2023

It also explores some of the key considerations for payment providers when deploying biometric technology including the impact of both state and industry regulation.

This research predicts that there will be over 2.6 billion biometric payment users by 2023 with the use of biometrics being driven by a number of factors including:

  • Desire for frictionless authentication while paying in all channels
  • The need to reduce payment fraud
  • Industry and state regulation
  • Technology standardisation

The report covers the following payment channels:

  • Physical locations using biometric technology integrated into payment terminals (Naked Payments), biometric payment cards or by using smart devices;
  • Digital Payments including eCommerce, mCommerce, wCommerce, IoT and Cryptocurrency; and
  • ATMs for cash and Cryptocurrency.

An investigation into adoption around the world includes biometrics being used for digital onboarding (eIDV), identity verification (proofing), payment user authentication, payment transaction authorisation and fraud detection.

Important biometric modalities for payments include fingerprint, voice, face, finger-vein, palm-vein, behavioural and iris. Emerging biometric modalities include heart (ECG) and palmprint.

An analysis of the advantages and disadvantages of the main biometric architectural models, decentralized and cloud-based (biometric identity as a service) are including.

The publisher has separated the forecasts into three main areas; Users, Revenue and Transactions
Users (Regional and Global) - Users are broken down into technology and payment type as detailed below.
A total, combined, forecast is given for all biometric payments users.

  • Total Users
  • By Technology
    • Fingerprint
    • Voice
    • Iris
    • Behavioural
    • Finger-vein
    • Palm-vein
    • Palmprint [New for the second edition]
    • Heart
    • Face
  • By Payment Type (Regional and Global)
    • Physical location
  • Naked Payments: Integrated, or attached, biometric system into a Point-of-Sale terminal
  • Biometric Payment Card [New for the second edition]
    • eCommerce (web)
    • Mobile Payments
  • Physical (POS) [New for the second edition]
  • mCommercs (in-app payments) [New for second edition]
  • Mobile Payments - Combined
    • Cryptocurrency
    • Wearable Payments
    • IoT Payments [New for the second edition]
    • ATM (Cash)
  • Users
  • Total number of ATM Devices
  • Biometric Identity Verification for Payments - Biometric eIDV [New for second edition]
  • Biometric for Payments - by Architecture [New for the second edition]
    • Device-Based Biometric Payments [New for the second edition]
    • Cloud-Based Biometric Payments[New for the second edition]
  • Total Combined (Regional and Global)

The revenue forecasts, in USA Dollar, include separate figures for each biometric technology (modality), separate forecasts for biometric payment cards (embedded fingerprint sensors into plastic payment cards), biometric Identity verification for payments, by architecture (device and cloud-based), regional and combined figures.
Revenue (Regional and Global)

  • By biometric technology:
    • Fingerprint
    • Voice
    • Iris
    • Behavioural
    • Finger-vein
    • Palm-vein
    • Palmprint [New for the second edition]
    • Heart
    • Face
  • Total Combined
  • Biometric Identity Verification for Payments - Biometric eIDV [New for second edition]
  • Biometric for Payments - by Architecture [New for the second edition]
    • Device-Based Biometric Payments [New for the second edition]
    • Cloud-Based Biometric Payments[New for the second edition]
  • Biometric Payment Card - fingerprint sensors embedded into payment cards [New for the second edition]

Transaction forecasts are for total global payment transactions that are secured by biometric technology and the total global transaction value.

  • Total Transactions
  • Total Transaction Value (US$)

The report includes exclusive interviews with important stakeholders from the following companies:

  • Fingerprint Cards
  • FingoPay
  • Gemalto
  • HID Global
  • IDEMIA
  • IDEX
  • Precise Biometrics
  • Zwipe
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABSA Bank
  • Biometric Signature ID
  • EarlyWarning
  • Innovatrics
  • Nok Nok Labs
  • Sthaler
  • MORE

Forward

Methodology

Regional Definitions

Executive Summary

ES1: Report Scope

  • Payment Definition - What is Covered In This Report

ES2: Market and Technology Analysis
ES2.1: How is Biometrics used For Payments
ES2.3: Market Drivers and Barriers
ES2.3.1: Market Drivers
ES2.3.2: Market Barriers
ES2.4: Financial Services and Payments Biometric Regulation and Technology Standards
ES2.4.1: Regulation
ES2.4.2: Industry Regulation / Guidelines
ES2.4.3: Technology Standards
ES2.5 Technology and Market Adoption
ES2.5.1: Market Adoption and Analysis
ES2.5.1.2: Biometrics For Physical Payments
ES2.5.1.3: Biometrics for eCommerce Payments
ES2.5.1.4: Biometrics for mobile Payments - Wallets and Apps
ES2.5.1.5: Biometrics for Wearable Payments (wCommerce)
ES2.5.1.6: Biometrics for BitCoin and Blockchain Payments
ES2.5.1.7: Biometrics for ATMs (Cash Payments)
ES2.6: Biometric Technology - Analysis and Vendors
ES2.6.1: Behavioral Biometrics
ES2.6.1.1: Advantages and Disadvantages of Behavioral Biometrics
ES2.6.2: Iris Biometrics
ES 2.6.2.1 Advantages and Disadvantages of Iris Biometrics
ES2.6.3: Face Biometrics
ES2.6.3.1 Advantages and Disadvantages of Face Biometrics
ES2.6.4: Fingerprint Biometrics
ES2.6.4.1 Advantages and Disadvantages of Fingerprint Biometrics
Camera-Based Fingerprint Biometrics - Touchless
Advantages and Disadvantages of Sensorless Fingerprint Biometrics
ES2.6.5: Heart Biometrics
ES2.6.5.1: Advantages and Disadvantages of Heart Biometrics
ES2.6.6: Voice Biometrics
ES2.6.6.1: Advantages and Disadvantages of Voice Biometrics
ES2.6.7: Finger-Vein Biometrics
ES2.6.7.1: Advantages and Disadvantages of Finger-Vein Biometrics
ES2.6.8: Palm-Vein Biometrics
ES2.6.8.1: Advantages and Disadvantages of Palm-Vein Biometrics
Palmprint
Introduction
Advantages and Disadvantages of Palmprint Biometrics

ES3: Forecasts
ES3.1 Methodology and Assumptions
ES3.2 Biometrics for Payments Forecasts
ES3.2.1 Introduction
ES3.2.2 Biometrics for Payments User Forecasts
ES3.2.2.1 Biometrics for Payments User Forecasts - By Technology
ES3.2.2.2 Biometrics for Payments User Forecasts - By Payment Type
ES3.2.3 Biometrics for Payments Revenue Forecasts
ES3.2.3.1 Biometrics for Payments Revenue Forecasts - By Technology
ES3.2.4 Biometrics for Payment Transaction & Transaction Value Forecasts
ES3.2.4.1 Assumptions on Transaction & Transaction Value forecasts
ES3.2.4.2 Biometrics for Payments Transaction Forecasts - Total Transactions
ES3.2.4.3 Biometrics for Payments Transaction Forecasts - Total Value ($)

ES4: Conclusion

Market and Technology Analysis

  • Introduction
  • How is Biometrics used For Payments
  • Market Drivers and Barriers
  • Market Drivers
  • Market Barriers

Financial Services and Payments Biometric Regulation and Technology Standards

  • Introduction
  • Regulation
  • European Union (EU) General Data Protection Regulation (GDPR)
  • European Union Payment Services Directive (PSD2)
  • Anti-Money Laundering (AML) and Know Your Customer (KYC) Regulation
  • Industry Regulation / Guidelines
  • PCI-DSS
  • USA FFIEC
  • US Economic Growth, Regulatory Relief, and Consumer Protection ACT - MOBILE
  • EMV
  • EMV 3D Secure
  • Bank of Korea
  • Bank of China
  • Hong Kong - The Office of the Privacy Commissioner for Personal Data

Technology Standards

  • Introduction
  • ISO
  • ANSI
  • UK CESG
  • USA NIST
  • The FIDO Alliance

Technology and Market Adoption

  • Market Adoption and Analysis
  • Biometrics For Physical Payments
  • Introduction
  • Biometric Sensor Integration into Point of Sale (POS) Terminal
  • Biometric Payment Cards - Embedded Biometric Sensor
  • Biometrics for eCommerce Payments
  • Protecting Financial Transactions for Users on the Go using BehavioSec’s
  • Behavioural Biometrics Platform
  • W3C WebAuthn Standards - FIDO2 for Web Payments
  • Biometric Step-Up Verification for 3D Secure with RSA Adaptive Authentication
  • Biometrics for Mobile Payments - Wallets and Apps
  • Introduction
  • Smart Mobile Device OEMs and Platforms
  • Card Schemes
  • eCommerce Payment Providers
  • Mobile Network Operators - Direct Carrier Billing
  • Biometrics and Identity Verification
  • Biometrics for Wearable Payments (wCommerce)
  • Introduction
  • Biometrics for BitCoin and CryptoCurrencies
  • Introduction
  • Biometrics for ATMs (Cash Payments)
  • Introduction
  • Cash
  • Biometric Technology Integrated into ATM
  • Biometric Technology Integrated into Separate Technology for use at ATM
  • Biometric Technology Integrated into Bank Card
  • Bitcoin ATMs
  • Introduction

Biometric Technology - Analysis and Vendors

  • Introduction

Behavioural Biometrics

  • Introduction
  • Technology Vendors and Service Providers
  • BehavioSec
  • Biometric Signature ID
  • BioCatch
  • TypingDNA
  • Pricing
  • SecuredTouch
  • Advantages and Disadvantages of Behavioral Biometrics

Eye (Ocular) Biometrics

  • Introduction
  • Iris
  • Introduction
  • Iris
  • Introduction
  • Technology Vendors and Service Providers
  • Eyelock
  • Fotonation / Smart Sensors
  • Fingerprint Cards - ActiveIris
  • Princeton Identity
  • Nok Nok Labs
  • Advantages and Disadvantages of Iris Biometrics

Face

  • Introduction
  • Technology Vendors and Service Providers
  • Applied Recognition
  • Identity Verification - Applied Recognition
  • FaceTec
  • IDEMIA
  • KeyLemon
  • Iproov
  • SmilePass
  • Daon
  • AimBrain
  • Callsign
  • Advantages and Disadvantages of Face Biometrics

Fingerprint

  • Introduction
  • Technology Vendors and Service Providers -Fingerprint Sensor Manufacturers and Authentication Integrators
  • Fingerprint Cards
  • IDEX
  • Limidigm - HID Global
  • NEXT Biometrics
  • Sonavation
  • Qualcomm
  • Synaptics Biometrics Product Division
  • BIO-key
  • Certibio
  • Zwipe
  • Advantages and Disadvantages of Fingerprint Biometrics (Sensors)

Camera-Based Fingerprint Biometrics - Touchless

  • Technology Vendors and Service Providers - Touchless Fingerprint Biometrics
  • Diamond Fortress Technologies
  • Veridium
  • Advantages and Disadvantages of Senorless Fingerprint Biometrics

Heart - ECG

  • The Nymi Band
  • B-Secur
  • Advantages and Disadvantages of Heart Biometrics

Voice

  • Introduction
  • Technology Vendors and Service Providers
  • Nice
  • Nuance
  • VoiceTrust
  • Advantages and Disadvantages of Voice Biometrics

Finger Vein

  • Introduction
  • Technology Vendors and Service Providers
  • Hitachi
  • Sthaler - Fingopay
  • Advantages and Disadvantages of Finger-Vein Biometrics

Palm-Vein

  • Introduction
  • Fujitsu
  • Advantages and Disadvantages of Palm-Vein Biometrics

Palmprint

  • Introduction
  • Redrock Biometrics
  • Advantages and Disadvantages of Palmprint Biometrics

Forecasts

  • Methodology and Assumptions

Biometrics for Payments Forecasts

  • Introduction
  • Biometrics for Payments User Forecasts
  • Biometrics for Payments User Forecasts - By Technology
  • Biometrics for Payments USer Forecasts - by technology: Fingerprint
  • Biometrics for Payment USer Forecasts - by technology: Voice
  • Biometrics for Payments USer Forecasts - by technology: Iris
  • Biometrics for Payment USer Forecasts - by technology: Behavioral
  • Biometrics for Payment USer Forecasts - by technology: Finger-Vein
  • Biometrics for Payments USer Forecasts - by technology: Palm-Vein
  • Biometrics for Payments USer Forecasts - by technology: Heart (ECG)
  • Biometrics for Payments USer Forecasts - by technology: Face
  • Biometrics for Payments USer Forecasts - by technology: Palmprint
  • Biometrics For Payments User Forecasts - By Payment Type
  • Biometrics for Payments USer Forecasts - by Payment Type: Physical Location - Naked Payments
  • Biometrics for Payments USer Forecasts - by Payment Type: Physical retail Store - Biometric Payment Cards
  • Biometrics for Payments USer Forecasts - by Payment Channel: eCommerce (Web)
  • Biometrics for Payments USer Forecasts - by Payment Channel: Mobile
  • Commerce (mCommerce) - mobile Payments in Physical Locations
  • Biometrics for Payments USer Forecasts - by Payment Channel: Mobile
  • Commerce (mCommerce) - mobile Payments in Remote Locations (In-App)
  • Biometrics for Payments USer Forecasts - by Payment Channel: Mobile
  • Commerce (mCommerce) - Total mobile (Combined)
  • Biometrics for Payments USer Forecasts - by Payment Channel: Wearable Payments
  • Biometrics for Payments USer Forecasts - by Payment Channel: Wearable Payments
  • Biometrics for Payments USer Forecasts - by Payment Channel: Cryptocurrency
  • Biometrics for Payments USer Forecasts - by Payment Channel: IoT
  • Biometrics for Payment USer Forecasts - by Payment Channel: ATM for Cash
  • Biometrics for Payment USer Forecasts - by Payment Channel: Total Number of ATM Devices with Biometrics
  • Biometrics for Payments USer Forecasts - by technology: Biometric Identity
  • Verification for Payments - Biometric eIDV
  • Biometrics for Payments USer Forecasts - by Payment Channel: Combined
  • Biometrics for Payment Revenue Forecasts
  • Assumptions on revenue forecasts
  • Biometrics for Payments Revenue Forecasts - by Technology: Fingerprint
  • Biometrics for Payments Revenue Forecasts - by Technology: Voice
  • Biometrics for Payments Revenue Forecasts - by Technology: Iris
  • Biometrics for Payments Revenue Forecasts - by Technology: Behavioral
  • Biometrics for Payments Revenue Forecasts - by Technology: Finger-Vein
  • Biometrics for Payments Revenue Forecasts - by Technology: Palm-Vein
  • Biometrics for Payments Revenue Forecasts - by Technology: Heart
  • Biometrics for Payments Revenue Forecasts - by Technology: Palmprint
  • Biometrics for Payments Revenue Forecasts - by Technology: Face
  • Biometrics for Payments Revenue Forecasts - by Technology: Combined
  • Biometrics for Payments Revenue Forecasts - eIDV for Payments
  • Biometrics for Payments Revenue Forecasts - by Architecture: Device-Based Biometrics
  • Biometrics for Payments Revenue Forecasts - by Architecture: Cloud-Based Biometrics
  • Biometrics for Banking Revenue Forecasts - Fingerprint Sensors for Biometric Payments Cards
  • Biometrics for Payment Transaction & Transaction Value Forecasts
  • Assumptions on Transaction & Transaction Value forecasts
  • Biometrics for Payments Transaction Forecasts - Total Transactions
  • Biometrics for Payments Transaction Forecasts - Total Value ($)

Appendices

  • Appendix A: Companies Referenced In This Report
  • Appendix B: How to Measure Biometric Technology? A Guide In Choosing the Right Biometric System
  • Introduction
  • Biometric Performance
  • Usability
  • Security
  • Regulation
Note: Product cover images may vary from those shown
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  • ABSA Bank
  • Access Softek
  • Agnitio
  • AimBrain
  • Alipay
  • American Express
  • AML Bitcoin
  • ANSI,
  • Apple
  • Applied Recognition
  • Areeba
  • ARM
  • Auraya Systems
  • B-Secur
  • Banco Bradesco
  • Bank Muscat
  • Bank of America
  • Bank of China
  • Bank of Cyprus
  • Bank of Korea
  • Bank of Lanzhou
  • Bankmobile
  • Barclays
  • BehavioSec
  • BIO-key
  • BioCatch
  • Biometric Signature ID
  • Biometrics
  • Braintree
  • Brightek
  • BSI
  • Cairo Amman Bank
  • Callsign
  • CardLab
  • Cardtech
  • Central Bank (ECB)
  • Certibio
  • CESG
  • Cifas
  • CLEAR
  • Cognitec
  • Crossmatch
  • Cryptovision
  • Cubic Transportation Systems
  • DAB
  • Daon
  • DARPA
  • Dermalog
  • Diamond Fortress
  • Diebold
  • Discover
  • EarlyWarning
  • Edgar Dunn & Company
  • EgisTech
  • EMVCo
  • Encap Security
  • Experian
  • eyeLock
  • FACE++
  • FaceTec
  • Federal Deposit Insurance Corporation
  • Federal Financial Institutions
  • Feitian
  • Fingerprint Cards
  • First Bitcoin Capital Corp
  • Fotonation,
  • Fujitsu
  • Fulcrum Biometrics
  • GBG IDScan
  • Gemalto
  • GOODIX
  • HID Lumidigm
  • Hitachi
  • HYPR Corp.
  • IDEMIA
  • IDEX
  • IDology
  • IEEE
  • InFocus
  • Innovatrics
  • International
  • IProov
  • IrisGuard
  • ISO
  • Itaú Bank
  • JCB
  • Jinco
  • Jumio
  • KeyLemon
  • Kona I
  • Linxens
  • Lumidigm
  • M2Sys
  • Macau Monetary Authority
  • MasterCard
  • MeReal Biometrics,
  • Microsoft
  • Mitek Systems
  • MoneyOnMobile
  • Morpho
  • NCR
  • NEXT Biometrics
  • NICE
  • NIST
  • Nok Nok Labs
  • NTT DoCoMo
  • Nuance
  • NXP Semiconductors
  • Nymi
  • OKI
  • Onfido
  • OSRAM
  • PayPal
  • Princeton Identity
  • Printing
  • Qualcomm
  • RBS
  • Redrock Biometrics
  • Royal Bank of Canada
  • Royal Oman Police
  • RSA
  • SAMCO Inc.
  • Samsung
  • Samsung SDS
  • SecuredTouch
  • SmartMetric
  • SmilePass
  • SoftKinetic
  • Sonavation
  • Sthaler
  • Synaptics
  • Telesign
  • Tencent
  • The FIDO Alliance
  • Toppan
  • Trustonic
  • TypingDNA
  • UniCredit Bulbank
  • Unikeys
  • USAA
  • ValidSoft
  • Veridium ID
  • Verint
  • VISA
  • Vishay
  • VoiceTrust
  • VOXX
  • W3C
  • WeChat Pay
  • Wincor Nixdorf
  • WorldPay
  • Yoti
  • ZTE
  • Zwipe
Note: Product cover images may vary from those shown
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