Biometrics are making a big impact on the financial sector. More specifically, consumers show an increasing interest in this new form of security and authentication. Ingenico acknowledges there are possibilities to be explored in this regard. As such, the firm introduces their third-generation biometric point-of-sale terminal.

Ingenico Group remains the global leader in seamless payment technology. Most people know the firm for their portable payment terminals. Their latest creation goes by the name of Move/2500B, which focuses on biometric security. More specifically, it adds the convenience of fingerprint authentication combined with PCI standards.

Biometrics Matter to Ingenico Group

This payment terminal provides financial inclusion needed to reach the unbanked population of the world. Additionally, it can prove to be rather worthwhile for governmental schemes. India is leading the charge when it comes to POS devices with fingerprint authentication. Mexico is also looking into biometrics as we speak. For Ingenico, this can mean big things are on the horizon.

Ingenico Group’s Frederic Lepeintre comments as follows:

“We are pleased to introduce the Move/2500 B, our third generation biometric POS, designed to support financial inclusion scenarios as well as innovative payment schemes in mature markets. The launch of the Move/2500 B illustrates Ingenico Group’s commitment towards reaching the two billion people excluded from financial services. It also demonstrates our ability to adapt to new regulatory frameworks and consumer demand for fingerprint authentication.”

How the general public will respond to this terminal, remains to be determined. The new POS terminal can make a big and positive impact in the near future. Achieving that goal will heavily depend on how convenient Ingenico cna make the Move/2500B. It is cost efficient and portable, which will undoubtedly make the product more appealing

Header image courtesy of Shutterstock

Share.

About Author

JP Buntinx is a 30-year old FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he is working to achieve the same level of respect in the FinTech sector.

Leave A Reply

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.