Biometrics will spell the end for passwords by 2020
Nearly half of people aged 16 to 24 foresee the end of passwords and pin numbers by 2020 as biometric security takes over, according to research by Visa.
The research of 2,000 people revealed that 69 percent of respondents aged between 16 and 24 - dubbed 'Generation Z' - believe it will be easier and faster to use biometric identification than remembering passwords and pin numbers.
This age group is also keen to adopt biometric security. Some 76 percent feel comfortable with the concept of making payments using biometric data. Jonathan Vaux, executive director at Visa Europe, told V3 that the use of biometric authentication in smartphones as seen in Apple's latest iPhones will help drive demand for the technology.
