“Visa has lifted the lid on its new security roadmap, focusing initially on biometrics, with Joe Cunningham, Head of Risk for Asia Pacific at Visa, touting the technology as having an important place in the future of payments.
Although the technology is not brand new, Cunningham said it is now at a point where Visa and its ecosystem of banks, merchants, fintech firms, service providers, law enforcement, and cardholders feel comfortable supporting it, as he said certain forms of biometrics have reached a stable and secure level.
“We always expected biometrics to get to a point where they would play an important role in payments, in fact we expected biometrics to play an important role in our lives as we go about our day-to-day business whether it’s accessing buildings, our car, or an online service,” he said.
“So there’s no surprise that payments has been front and centre when it comes to biometric adoption.
‘Everyone thinks of biometrics when they think about payments in the future.’