Each morning I read trade articles on Blockchain, Faster Payments, Mobile Wallets, Authentication, Identity and other alerts & subjects of interest. Each day the writers leave me thinking about the future of society, howbwe will address cyber security, what we can do to funally eliminate fraud and which solutions will help us to mitigate risk. These then drives concern about where we will end up, as we drive to define effective means of identity and authentication, capable of supporting the individual desire for convenience and gratification.
Facial recognition deployed to speed up entry and exit to and from countries and through airports are here. The surveillance state is emerging at alarming speed. These same cabilities could potentially deliver a safer environment. Which will it be?
Physical and behavioral biometrics many feel should become the primary means of authentication. Yet, false acceptance and more importantly false rejection will result in inconvenience some expect the consumer to tolerate while other remember friction typically ends up with the consumer abandoning the journey.
The cost of payments, the escalating concern of the retail sector, remund us thatnpayments are sourcesnof revenue for some and friction for others.
Identity theft and the ability to create synthetic identifies are the fears of many. Consumers whose identity is stolen struggle to regain their standing.
In the end all we seek is:
- Pay for something
- Identify ourselves
- Protect our hard earned money
- Live a safe and productive life
- Be assured you are you and not someone else