Biometric payment growth slowed by security fears

A Transaction Network Services (TNS) report said that biometric payments are poised for significant growth, but substantial consumer security concerns could put its future at risk, the company said.

TNS´s Vital Insights into Biometric Payments Adoption shares the results of an independent US, UK and Australian survey commissioned by TNS which explores consumer attitudes toward and experiences with making biometric payments.

The report reveals that 15% of adults have made a biometric payment in the last year, including a quarter of 18 to 24 year olds.

Founded in 1990, TNS is a trusted partner to the payments industry and offers a broad portfolio of solutions, including secure and resilient transaction delivery services that are used by many of the top banks, transaction processors and ATM deployers around the world.

Transaction Network Services is a global provider of data communications and interoperability solutions. TNS offers a broad range of networks and innovative value-added services which enable transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.