Why hasn’t biometric tech like fingerprints and facial recognition been widely adopted in card payments to reduce fraud and costs?

Asked Feb 7, 2016· 1 answer
Faisal KhanAnswered Feb 7, 2016
We will eventually get there. The cost of conversion is enormous. Daniel Lubarov gives great examples as to why it is not being implemented. I want to add further, that the physical card is seeing its duplicate (so to speak) on your mobile phone in the form of a digital wallet. With smartphones now implementing fingerprint scanner, it would be a matter of time before authentication would be done on the phone itself and the token passed for transaction.
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