Biometric Payment Technology – Secure Dimension to E-commerce Transactions
Biometrics is making an entry in all fields and e-commerce is not at all an exception in this regard. While online identification and verification processes are facing frauds and undesirable incidents, biometric payment technology offers a solution. With the help of this technology, you can ensure that transactions on purchase of any product online are made in a reliable manner. Thus, no scope is left for criminal-minded people to create loopholes in e-commerce security.
How the Process Works
- A user registering with an online store becomes the member of biometric system installed by the store.
- Fingerprint samples are captured by fingerprint scanner as a part of new member registration process.
- Different finger metrics are utilized to create unique biometric templates, which are stored in the database for future use.
- Every time a registered user wishes to buy a product from the online store, his identity is verified by matching live samples with those stored in the template database.
In general, the index finger of the user is used for creating templates. Various encrypting algorithms are applied over the samples collected by fingerprint scanner to make them distinct and away from the understanding power of an intruder.
Advantages of Biometric Payment Technology
- First and foremost, the biometric payment technology offers top-notch security provisions, which are hard to tamper.
- Accelerated rate of transactions is assured by biometric system employed at online stores to facilitate maximum number of shoppers every day.
- Cost of security employment is very less and thus, you can easily invest in this modern technology.
- Hassle free procedures are followed, which are easy to understand even by the novice online shoppers.
Can biometric templates be stolen or misused by unauthorized users? This is one question, which has always been debated between the advocates and opponents of biometric technology. However, considering the complexity of algorithms being used to create these templates, one can relax about the integrity of these templates. As a result, we can appreciate the presence of a high-profile security technique in the form of biometrics, capable of facilitating our online shopping experience.
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