Cover Image
Market Research Report

Biometrics for Payments - Market & Technology Analysis, Adoption Strategies & Forecasts 2018-2023, 2nd Edition

Published by Goode Intelligence Product code 342253
Published Content info 320 Pages
Delivery time: 1-2 business days
Price
Back to Top
Biometrics for Payments - Market & Technology Analysis, Adoption Strategies & Forecasts 2018-2023, 2nd Edition
Published: October 18, 2018 Content info: 320 Pages
Description

The 320 page report is the most comprehensive analysis of biometric payments and investigates the current global adoption with market analysis including key drivers and barriers for adoption, interviews with leading stakeholders, technology analysis with review of key biometric technologies and profiles of companies supplying biometric systems for payments. It also includes regional and global market forecasts for users, devices, transactions and revenue for the six-year period from 2018 to 2023. The report is the second in a three-part series - Biometrics for Financial Services - that also includes Biometrics for Banking and Mobile Biometrics for Financial Services.

Coverage

This is the second edition of the Goode Intelligence 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.

Goode Intelligence 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, behavioral 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.

Goode Intelligence 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
    • Behavioral
    • Finger-vein
    • Palm-vein
    • Palmprint [New for second edition]
    • Heart
    • Face
  • By Payment Type (Regional and Global)
    • Physical location

Naked Payments: Integrated, or attached, biometric system into Point-of-Sale terminal

Biometric Payment Card [New for second edition]

  • eCommerce (web)
  • Mobile Payments

Physical (POS) [New for second edition]

mCommercs (in-app payments) [New for second edition]

Mobile Payments - Combined

  • Cryptocurrency
  • Wearable Payments
  • IoT Payments [New for 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 second edition]
    • Device-Based Biometric Payments [New for second edition]
    • Cloud-Based Biometric Payments[New for 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
    • Behavioral
    • Finger-vein
    • Palm-vein
    • Palmprint [New for second edition]
    • Heart
    • Face
  • Total Combined
  • Biometric Identity Verification for Payments - Biometric eIDV [New for second edition]
  • Biometric for Payments - by Architecture [New for second edition]
    • Device-Based Biometric Payments [New for second edition]
    • Cloud-Based Biometric Payments[New for second edition]
  • Biometric Payment Card - fingerprint sensors embedded into payment cards [New for 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 and Zwipe.

The following companies are referenced in the report: ABSA Bank, Access Softek, Agnitio, AimBrain, Alipay, American Express, AML Bitcoin, ANSI, Applied Recognition, Apple, Areeba, ARM, Auraya Systems, Banco Bradesco, Bank of Lanzhou, Bank Muscat, Bank of America, Bank of China, Bank of China Hong Kong, Bank of Cyprus, Bank of Korea, Bankmobile, Barclays, BehavioSec, BioCatch, BIO-key, Biometric Signature ID, Braintree, Brightek, B-Secur, BSI, Cairo Amman Bank, Callsign, CardLab, Cardtech, Certibio, CESG, Cifas, CLEAR, Cognitec, Crossmatch, Cryptovision, Cubic Transportation Systems, DAB Bank, Daon, DARPA, Dermalog, Diamond Fortress, Diebold, Discover, EarlyWarning, Edgar Dunn & Company, EgisTech, EMVCo, Encap Security, European Central Bank (ECB), European Union (EU), eyeLock, Experian, FaceTec, FACE++, Federal Deposit Insurance Corporation, Federal Financial Institutions Examination Council (FFIEC), Feitian, Financial Conduct Authority (FCA), Financial Fraud Action (FFA), Fingerprint Cards, First Bitcoin Capital Corp, Fotonation, Fujitsu, Fulcrum Biometrics, GBG IDScan, Gemalto, GOODIX, HID Lumidigm, Hitachi, HYPR Corp., IDEMIA, IDEX, IDology, IEEE, InFocus, ING, Innovatrics, IProov, IrisGuard, ISO, Itaú Bank , JCB, Jinco, Jumio, KeyLemon, Kona I, Linxens, Lumidigm, Macau Monetary Authority, MasterCard, MeReal Biometrics, Microsoft, Mitek Systems, MoneyOnMobile, Morpho, Mountain America Credit Union, M2Sys, National Credit Union Administration, NatWest Bank, NEXT Biometrics, NICE, NIST, NCR, NEXT Biometrics, Nok Nok Labs, NTT DoCoMo, Nuance, Nymi, NXP Semiconductors, Office of the Comptroller of the Currency (OCC), OKI, Onfido, OSRAM, Qualcomm, PayPal, Princeton Identity, 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 Printing, Trustonic, TypingDNA, UniCredit Bulbank, Unikeys, USAA, US Federal Reserve, ValidSoft, Veridium ID, Verint, VISA, Vishay, VoiceTrust, VOXX International, WeChat Pay, Wincor Nixdorf, WorldPay, W3C, Yoti, ZTE, Zwipe.

Table of Contents

Table of Contents

Forward

  • Goode Intelligence
  • Author
  • Goode Intelligence 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 Senorless 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 Behavioral Biometrics Platfrom
    • 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
  • Behavioral 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
Back to Top