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Beyond the hype: Biometrics for Commerce

5 min
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Verifone
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Infographics
Verifone infographic titled 'Beyond the Hype: Biometrics for Commerce' showing expected digital payments of $32 trillion by 2033 and $33.8 billion fraud losses globally in 2022.Verifone company logo with a stylized dot pattern on the left.

Executive Summary

  • Biometrics enhance in-store and online shopping with faster checkouts, instant loyalty application, secure logins, and fraud prevention.
  • Verifone’s biometric platform offers customizable solutions, integrating with loyalty systems and ensuring encrypted data for secure, seamless commerce.

Table of Contents

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Biometric technology is transforming the way we shop, offering faster, smarter, and safer experiences both in-store and online. From facial recognition to palm scans, these innovations are reshaping commerce, bringing new benefits for merchants and shoppers alike:

  • In-store benefits: Biometrics reduce checkout times, enable instant loyalty application via palm or face scans, and provide real-time age verification. They also create frictionless VIP or members-only experiences.
  • Online advantages: Behavioral biometrics prevent fraud, enable secure logins, and support one-click checkouts. Features like cart recovery and personalized reorders enhance the customer experience.

With 84% of global consumers already using biometric authentication, it’s clear that biometrics are here to stay. Verifone’s customizable biometric platform supports facial and palm recognition, integrates with loyalty and CRM systems, and ensures encrypted data storage for maximum security.

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Content resource thumbnail_Biometrics infographic

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INFOGRAPHIC

Want to learn more? Explore how biometrics can revolutionize your business by checking out the full infographic. Discover options, use cases, and how the Verifone biometric platform helps you stay ahead.

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About Verifone

Verifone is a leading global payments technology provider trusted by the world's top brands. Verifone powers the boundless payments grid, enabling distinctive commerce experiences for merchants, fintech companies, and financial institutions wherever commerce happens. By combining a flexible platform, an open ecosystem of 2,500+ integrations, and four decades of payments expertise, Verifone eliminates payment complexity and expands what's possible across every payment channel.

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