The program lets customers use facial and fingerprint biometrics to pay for purchases in-store—but they’re not sold on the tech yet.

Biometrics are poised for wider adoption: Consumers aren’t happy with the status quo for identity verification—and most of those who tried newer methods liked them, according to a PYMNTS and Pindrop survey.

In the future, the program will increase its use of biometrics, machine learning and artificial intelligence (AI), and blockchain technologies before expanding to nonfinancial sectors. Authentication in banking: Digital bank users value data privacy and their security.

Costly biometrics: Texas is suing Meta over its use of facial recognition technology. The lawsuit was filed on Monday and alleges that Facebook’s photo tagging system violated the Texas Capture or Use of Biometric Identifier (CUBI) Act by scanning Facebook user photos without permission.

On today's episode, we discuss who is shaking up primary care, how it is being disrupted, why now, and how technology is playing a heightened role in how primary care is delivered. Tune in to the discussion with eMarketer digital health analyst at Insider Intelligence Rajiv Leventhal.

In February, biometric user authentication Passage raised $4 million in new funding to promote its FaceID and TouchID products. In April, OwnID, another biometric authentication provider, raised $6.2 million in seed funding to double its workforce and further develop its biometric service that uses a customer’s smartphone to verify their identity for access to certain websites.

Biometric terminals offer retailers reduced contact, faster checkout that can shorten lines, and the freedom to reassign staff to customer service or other activities. Legacy hardware providers are already exploring biometrics partnerships in other areas—Worldline is working with France-based biometrics fintech A3BC on authentication, for example—that could extend to terminal-related ventures.

Amazon is also focused on licensing other in-store technology, including its Amazon One biometric technology.

For some, keeping tabs on their own biometrics helps them to cope with the uncertainties of the ongoing COVID-19 pandemic. For others, there’s comfort in knowing that remote clinicians are tracking their disease-related data and will intervene before a physical crisis hits.

The company provides 24/7 medical advice via its app, and touts buzzy technology like biometric full body scans, from which 500 biomarkers are captured during a patient’s first visit. We spoke with Forward’s founder and CEO Adrian Aoun about the company’s business model, why primary care is ripe for disruption, and how the startup plans to grow.

eMarketer principal analyst Victoria Petrock discusses how supercomputers and quantum computing can help us fight the coronavirus. She also talks about the adoption of telemedicine and how biometrics are being used to diagnose people and enforce quarantine orders.

Visa invested an undisclosed amount into biometric authentication startup LoginID and Amex linked its fraud detection system with platforms from Accertify, Microsoft, and Riskified.

Mastercard will bring FinGo’s vein-scanning payments solution to more markets, and Visa is working on a biometric authentication solution for online transactions with the UAE’s Abu Dhabi Islamic Bank.

People with chronic conditions tend to use devices that share biometric data with providers more frequently:. Heart rate monitors, sleep monitors, and other internet-connected health management devices are often designed to automatically share data with the prescribing provider.

That means they could share their location or biometric data and earn money for it. It’s unclear whether this will take off, but there are companies working on the idea. Will people embrace the metaverse and Web3? It’s too early to tell, but what’s important right now is that many tech firms and VCs believe in them enough to funnel investments in their direction.

Biometric-authenticated mobile wallets like Apple Pay and Google Pay are exempt from the limit, which they could use to entice users who make higher-value contactless transactions to mobile.

Wearables, on the other hand, are expected to see greater uptake as boomers themselves, their families, and caregivers seek to monitor more biometric information, range of movement, and daily routines.

Thirteen US cities have banned the use of facial recognition or biometrics. This increasing attention and legislative backlash can hinder facial recognition technology providers. The takeaway: Surveillance tech companies are racing to build bigger facial recognition data sets to sell to law enforcement before more aggressive legislation clamps down on their use.

Banks that get their data-handling operations right have significant consumer-product opportunities, including personalized insights, AI-powered biometrics and virtual assistants, and targeted offerings.

Banks plan to allocate more resources to security features like biometric authentication as regulators adopt a more competitive stance that is friendly to open banking initiatives. This will give customers control over how their data is used by financial institutions. Acquiring and Retaining Talent. The agile, cross-functional teams that define tech companies are becoming more commonplace at banks:.

The wallet would be secured with fingerprint, retina scanning, or other biometric technology. Similarly, the potential European launch of Amazon One, a palm print scanning technology, would highlight the way that Big Tech activity often runs ahead of national and regional controls. Predictions. EU fines for misuse of digital data will hit a new high, but enforcement will remain slow in many cases.