JPMorgan Payments has announced an expansion of its partnership with biometric payments specialist PopID to deploy in-store biometric authentication solutions across pilot merchants in the United States. The initiative, which builds on pilot programs started in early 2023, aims to launch a comprehensive biometric checkout service by early 2025. The expansion follows PopID’s significant growth in adoption, particularly among college students who have embraced the technology for campus payments and access control.
The expanded implementation allows customers who have enrolled in the PopID system to make purchases using facial authentication at any participating retailer. Operational data shows the biometric payment system can reduce checkout times by up to 90 seconds per transaction while increasing average ticket size by four percent. The advancement matches broader industry trends, as major payment providers like Mastercard have announced plans to phase out traditional passwords in favor of biometric authentication by 2030.
As part of the rollout, JPMorgan has unveiled two new biometrics-enabled in-store terminals – the J.P. Morgan Paypad and Pinpad – designed to facilitate secure transactions. The company has already established partnerships with several retailers, including fast-food chain Whataburger, which is implementing biometric payments processing powered by J.P. Morgan Payments. The terminals incorporate advanced security features to protect against fraud and identity theft, addressing growing concerns about digital payment security.
“This is a giant step forward in helping our clients reimagine the entire retail experience for their customers and bringing best-in-class biometrics payments solutions to the market,” said Jean-Marc Thienpont, Managing Director of Omnichannel & Biometric Solutions at JPMorgan Payments. “We offer something that is hard to match – the stability, scale, and trust of a world-class bank combined with the technology and agility of a fintech.”
The implementation provides merchants with a streamlined checkout process while offering enhanced security features through biometric authentication. The development represents a significant advancement in retail payment technology, combining traditional banking infrastructure with emerging biometric solutions to create more secure and efficient transaction processes. The system’s rollout reflects the growing trend toward contactless and biometric payment solutions in retail environments, which has accelerated since the pandemic.
Sources: ID Tech Wire, Biometric Update, J.P. Morgan Newsroom
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