Millennials open to facial recognition for payments

Nearly three quarters of millennials believe facial recognition technology will be effective or very effective in providing biometric authentication, a study by payments consultancy Aite Group revealed.

The survey, sponsored by Visa, found 71% of millennials – usually defined as people born between 1982 and 2004 inclusive – had confidence the technology would accurately identify them and not others. Older generations are warier, with 64% of Generation Xers, 59% of Baby Boomers and 53% of pensioners expressing similar sentiments.

Apple’s much-anticipated iPhone X features facial recognition, and will debut in November, bringing the technology further into the consumer mainstream.

Ingenico in March demonstrated the proof of concept of a facial recognition and card biometric fingerprint captor, jointly developed with IDEMIA (ex-OT-Morpho).