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