Visa outlines plan to push Australian banks to adopt biometric authentication
Author: huifan Time: 2017-08-30
Visa has unveiled a four-year plan to push Australian banks to build infrastructure and implement policies to adopt biometrics authenticated transactions, according to a report by The Australian Financial Review.
The credit card giant’s security roadmap details a four-year strategy for Aussue banks to adopt new standards for ecommerce transactions in an effort to streamline the purchasing process and reduce fraud, as well as implement new information sharing practices and tokenization technology.
Visa Asia-Pacific senior vice-president Joe Cunningham said the company is working towards making the purchasing process simpler, faster and more secure for consumers, adding that all future transactions will be authorized biometrically.