Kids These Days Roll Eyes at Password Systems

Mobile ID Industry News Roundup: PayPal Leadership, Touch ID and Concern Versus ActionIn that timeworn tradition of youthful rebellion, young people today are keen to reject the archaic password-based security systems of their parents in favour of biometric authentication, according to a Telegraph article by Sophie Curtis. These are the findings of a survey of 2000 Brits between the ages of 16 to 24, conducted by Visa Europe.
A little over three-quarters of the respondents said they’d be comfortable using biometric security to make payments, and 69 percent indicated that it would make their lives more convenient. Also interesting: 70 percent of respondents indicating that they expect to use fingerprint scanning as their main means of authentication by 2020, followed by iris scanning at 39 percent and face scanning at 27 percent.
Of course, a lot of this is already in motion in the mobile world, with smartphone users starting to routinely use their fingerprints for unlocking and, on mCommerce platforms like the Apple Pay system, to authorize NFC payments. Visa – the conductor of this survey – has a vested interest here as it and other major financial institutions are looking to introduce their own biometric payment cards to the mass market. These survey results should therefore be quite encouraging; whether or not the execs at Visa and MasterCard still put air quotes around the word “rap”, at least they know that with respect to biometrics, the kids are alright.