Natural Security, a French biometric technology company, just completed its pilot of a new payment method. Instead of entering a PIN, users only had to place a finger on a reader to be authenticated. The company claims this technology provides a fast and simple alternative to authentication systems currently available. The overall response was positive with partakers describing it as modern, innovative, secure and convenient.
Natural Security is also piloting a fingerprint authentication solution with Discover here in the US. Troy Bernard, Discover's head of Emerging Payments, said "I believe that leaving your card in your pocket, simply touching a reader, and having the peace-of-mind that your payment is secured by your fingerprint is a right step in delivering that desired payment experience. Equally important, there is minimal impact to the existing payments infrastructure."