Tuesday, July 5, 2011

Biometric Mobile Phones Expect Heavy Growth

Sqwizz Includes a Biometric Scanner and Encrypted PIN Pad
NFC News reports that Goode Intelligence, an information security research and analysis specialist, has issued a new report that details an expectation of heavy growth in the biometric products and services for mobile phones over the next five years.
Specifically, Goode forecasts a total revenue generation of $30 million from biometric mobile phone products and services in 2011 with that number increasing to over $161 million in 2015.
The report also details how biometrics will work on the mobile phones. The techology is expected to impact device protection, mobile commerce security, near field communication security, replacing PINs and passwords.
The report predicts that embedded fingerprint readers and voice recognition technology will be the first modalities to take off.  
The Biometrics Institute, an independent not-for-profit representing and including members from government, financial services, health care, and biometric technology providers and developers, has released a report detailing the results from its second annual Industry Survey. Among the items detailed in the report are past developments driving the marketplace, potential roadblocks, future applications and future market drivers.
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A case for biometric technologies inclusion in mobile phones is made citing its potential in terms of addressing consumer needs for data protection, device security and inclusion in mobile services and operations in a Tech Biometric article.
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3M Cogent has announced the release of its new BioTrust biometric logon software developed to replace traditional usernames and passwords with biometrics.
The new software is designed for use with Microsoft’s Windows XP, Vista and Windows 7 operating systems and utilizes facial and fingerprint recognition to replace traditional means of a variety of logins.
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Strategy Analytics has released a report lauding the newly announced mobile marketing and mobile payments joint venture between Everything Everywhere, Telefonica O2 and Vodafone in the UK as a “positive move” that will enable the mobile operators to secure a position at the heart of the nascent NFC contactless 

Disqus for ePayment News