Majority of UK youth favor using biometric security as against traditional passwords to get their accounts verified, new research study claims.
According to a new research study conducted by Visa Europe, around 75 percent of 16-24 year olds in the UK said they would prefer making a payment using biometric security including facial recognition, fingerprint and retina scanning rather than using traditional passwords.
Around 70 percent of those surveyed predicted that of all the new payment methods available in use, fingerprint scanning will become the primary form of identification by 2020. Around 39 percent voted in favor of retina scanning, 27 percent in favor of facial recognition, 12 percent for voice recognition, 15 percent for DNA samples and 16 percent in favor of implanted chips.
69 percent of the respondents said they consider the new-age payment system would make their lives faster and easier.
The survey found that the so-called ‘Generation Z’ was more likely than older generations to use a single PIN number or password for securing multiple data, with 34 percent admitting to have shared their debit or credit card PIN number with someone, 32 percent their smartphone password, and 22 percent their internet password.
“We have more logins and passwords than ever to help keep us secure online and on the high street, but for Gen Z it just feels like an unnecessary burden,” said Jonathan Vaux, executive director at Visa Europe.
“Biometric authentication using fingerprint recognition or retinal scans offers an ideal solution, combining unique security and ease of use.”
“As products come online with these features integrated, we expect to see multiple passwords as the industry standard begin to decline.”
The November 2014 survey covered 2,088 young UK adults.
