FRAZER HARPER VP OF PAYMENTS PRODUCTS , DOJO

primary method of authentication , providing access to funds without the need for knowledge-based card numbers and PINs .”

And finally , Catharina Eklof , Chief Commercial Officer at IDEX Biometrics , tells FinTech Magazine : “ Following an increase in demand for card payments , and more specifically contactless payments , biometrics have become an unparalleled means of authentication . As user behaviour changes , so do the standards for user protection . Fingerprint biometrics can provide near-instant authentication of payments and identity , making consumers ’ lives more convenient and providing them with more choices for confirming their identity . With definitive advantages to both users and issuers , biometric payment cards have the potential for exponential growth well-beyond 2023 .”

What does the future hold in store for card payments ? Our evolving payment habits , coupled with the scope for greater use of biometrics , mean that the card payments industry could be completely reshaped in the course of the next decade . But there are still things holding us back from greater adoption .

These can be categorised into three buckets , Frazer Harper believes : “ Regulation , while acting as a key guardrail , will always slow advances in technology while the industry ensures it ’ s being deployed in the right way . Consumer adoption always takes time , as there ’ s a requirement to educate

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