Tag: biometric technology

Mobile commerce platform embraces biometric technology

| September 19, 2014

Alipay to adopt biometric technology to make mobile payments much more secure than they are currently

Apple may not be the only name in the biometric game. Alipay, the prominent mobile payments platform from China’s Alibaba, is preparing to launch its first biometric-based identification system. Biometric technology is becoming more important in the field of mobile commerce. Because this field has to do with the trafficking of financial information, security is a major priority for the industry as a whole. Biometric technology can help ensure the security of a person’s financial information while using a mobile device.

Biometric technology from Nok Nok Labs to be used on Galaxy S5 devices

Alibaba plans to enable secure online payments through fingerprint scanners on Samsung Galaxy S5 devices in the near future. These devices are equipped with biometric technology that will allow for secure mobile payments through the Alipay mobile application. The Alipay Wallet will also take advantage of this technology, replacing the password it needs with a fingerprint instead. The technology that is being used for this purpose comes from Nok Nok Labs.

Mobile security continues to receive relatively little attention, especially when it comes to matters of digital commerce

mobile commerce - biometrics security technologyMobile commerce security is a major issue that has received only modest attention in recent years. Despite the massive number of people that have embraced mobile payments, relatively few of them take steps to protect their financial information when shopping online. Some mobile commerce platforms also lack the security solutions needed to protect their users, which has lead to serious problems for certain companies in the past.

Biometric technology could make people much more comfortable with the concept of mobile commerce

Biometric technology is one of the most aggressive solutions to the security problem. A hacker can exploit the security faults of mobile devices and applications, but mimicking a person’s biometric information is a much more difficult task. Using a fingerprint to keep a mobile device secure could introduce a greater degree of security to the mobile commerce space and make people much more comfortable with shopping online from a mobile device.

Security continues to be a major issue for mobile commerce

| November 18, 2013

Focus on mobile identity is growing due to popularity of mobile commerce

Mobile identity is becoming more important to businesses, especially as more consumers around the world begin to rely on smartphones, tablets, and other devices in their daily lives. Market research firm ResearchMOZ has released a new report concerning the growing importance of mobile identity and how businesses are beginning to invest more heavily in biometrics and other such technologies. The report cites the growth of mobile interactions and mobile commerce as the influence behind higher investments in mobile identity.

Companies begin taking security more seriously

Mobile identity is an aspect of security that has become quite important in the world of business as more companies around the world begin to participate in mobile commerce and offer mobile-centric services. Companies are beginning to invest heavily in mobile identity infrastructure as it is being seen as an efficient and economic form of fraud detection and prevention. Mobile identity largely relies on the use of biometric technology, such as fingerprint scanners, to make things like mobile commerce more secure for consumers.

Mobile commerce security too sparse for some consumers

Mobile Commerce and Security IssuesMobile commerce, in particular, could have a lot to gain from businesses focusing more heavily on mobile identity. Mobile commerce has struggled with security issues for much of its existence. Many consumers that have shown interest in shopping for and purchasing products with their mobile devices have expressed concerns regarding the security of their financial information. Mobile commerce has become a popular target for hackers, many of whom are finding it relatively easy to exploit the financial information of consumers. A lack of security can expose companies to significant liability issues, especially when financial information is involved.

Companies seek to make mobile commerce safer

The report notes that companies like Google, Groupon, and Vodafone have made mobile identity a top priority. This is due to the involvement that these companies have in mobile commerce. As businesses begin to invest more heavily in mobile identity, better security systems are expected to begin emerging. Many of these security systems are expected to leverage biometric technology in some way.