PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

One of Many Biometric Investments Facing Failure

By Tim Sloane
January 25, 2017
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on LinkedIn
An Illustration of a Credit Card with the Card being the flag of  South Africa

An Illustration of a Credit Card with the Card being the flag of South Africa

This article in Bloomberg recounts how the biometric security firm Clear, which utilizes fingerprint and iris recognition, is growing its networks of airports where the technology can be used:

“Clear, the biometric screening firm long hobbled by a limited network, is landing in several major U.S. airports soon—including New York’s LaGuardia—marking the start of an era that could radically accelerate your trip from curb to cabin. But there are some bumps to smooth out first.

Clear, which started at JFK International Airport earlier this month, will open screening lanes at LaGuardia and Atlanta’s Hartsfield-Jackson in the next few days, followed by Los Angeles International and Minneapolis-St. Paul by April. All told, the expansion will put Clear at 22 major airports, covering the majority of domestic American flights, according to the company.”

The article also describes several challenges for Clear, mostly focused on location, location, location but not questioning the choice of technology or the use of a centralized database for biometric data:

“There are other obstacles still facing Clear. Its lanes, for one, aren’t always located in the same terminals that have the bulk of an airport’s traffic. At both Dallas-Fort Worth and Houston-Bush airports, for example, Clear’s lanes are in terminals not used by the dominant carriers at those hubs, American Airlines Group Inc. and United Continental Holdings Inc., respectively. Cohen said each airport has different needs and requirements about where Clear can establish screening.”

The Mercator Report “Biometrics: A New Wrinkle Changes the Authentication Landscape” identifies the new technologies that will displace this approach while how quickly the new technology will be deployed to consumers is forecast in the Report “Biometrics: A Market Forecast for Consumer Adoption.” Suffice it to say that money spent deploying biometric hardware and a centralized database will need to achieve breakeven in a disturbingly short period of time.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

Read the full story here

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: Biometrics

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    BNPL, BNPL for everyday expenses

    Hard Times, Easy Money: BNPL Now Finances Rent and Utilities

    August 21, 2026
    faster payments fraud prevention

    Beyond Compliance: Rewiring Fraud Prevention for Faster Payments

    August 20, 2026
    embedded finance for banks, instant payments

    Embedded Finance: Banks’ New Growth Channel

    August 19, 2026
    digital gift card experience

    How Leading Brands Are Building Better Digital Gift Card Experiences

    August 18, 2026
    AI fraud prevention for credit unions

    When AI Changes Fraud, Trust Becomes Everything

    August 17, 2026
    fednow

    How the Evolving Role of the CFO Is Changing Payments Strategy

    August 14, 2026
    real-time payment fraud prevention, alternative payment fraud liability

    How Innovation Is Transforming Payment Fraud Prevention

    August 13, 2026
    phygital payments

    Why People Still Want Physical Things in a Digital World

    August 12, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result