Biometric payments are changing the way people pay, both in-store and online. This technology uses biological identifiers, such as a person’s facial structure, voice, fingerprints or eyes, to verify their identity and initiate a payment. Because no two humans share the same features, biometric payments are remarkably secure.

Payments that use facial scans to identify consumers have already taken off in China and other East Asian countries. In the United States and Europe, payment providers are experimenting with voice recognition, iris scanning and fingerprinting to initiate payments. Amazon has even launched a technology that scans the veins in customers’ palms to verify their identity before purchasing.

Surprisingly, although this method is often faster, safer and more convenient than traditional payments, consumers have been slow to adopt it. In our recent Innovation Pulse Report, we found that while 91% of consumers knew about biometrics, only 36% had used the technology to make a purchase.

With such widespread awareness, why aren’t more consumers taking advantage of this solution?

One reason may be a lack of education. Among survey respondents, 46% said they learned about new payment technologies through their bank or financial institution. Another 38% learned about them from their credit or debit card issuer. Although most knew about biometric payments, many were concerned about the technology’s security. Without the assurance of their payment providers, consumer adoption will remain low.

A lack of infrastructure is another driver of low adoption. For instance, most merchants don’t have the equipment to accept biometric payments in person. Although more ecommerce sites accept biometric verification, few computers have facial or fingerprint scanners.

Without the choice of biometric payments, consumers must rely on outdated verification tools. Unfortunately, passwords and written signatures open the door to identity theft and fraud.

To learn more about biometric payment technology and its advantages over traditional payment structures, take a look at this article by Biometric Update.

Don’t just turn on payments, transform the way you do business

  • Generate New Revenue By adding or expanding payment offerings to your solution, you can start earning higher monthly and transaction-based recurring revenue.
  • Offer the Power of Choice Allow merchants to choose from 125+ shopping cart integrations and 200+ processor options to streamline their onboarding.
  • Seamless White Labeling Make the platform an extension of your brand by adding your logo, colors and customizing your URL.

Talk to Our Team

Invalid number

By submitting your information, you agree to NMI's Privacy Policy & Terms and Conditions

237,000+ Connected devices
300+ EMV device certifications
$200B+ Payments volume
2.3B+ Transactions
NMI surpasses 10 billion transactions
News

NMI Surpasses 10 Billion Transactions

NMI Surpasses 10 Billion Transactions, Underscoring its Scale and Leadership in Embedded Payments NMI, a global leader in embedded payments i... Learn More
NMI and INIT Collaboration Enhances San Diego Transit System with Seamless 'Tap-on/Tap-off' Contactless Payments
News

NMI and INIT Collaboration Enhances San Diego Transit System with Seamless 'Tap-on/Tap-off' Contactless Payments

Germany-based INIT integrates NMI’s advanced embedded payment technology into its transit ticketing system, prioritising convenience and secur... Learn More
NMI releases new Shopify integration
News

NMI Launches New Shopify Integration for a More Seamless Merchant Experience

Upgraded Shopify integration provides ISO partners with more choice for their merchant offerings, along with better security and compliance N... Learn More
NMI Expands Its Global Operations With Opening of South Africa Office
News

NMI Expands Its Global Operations With Opening of South Africa Office

NMI increases its global capacity to deliver a premium partner experience and 24/7 support  SCHAUMBURG, IL – MAY 15, 2024 – NMI, a global lea... Learn More
NMI Launches New Mobile Card Reader to Enable Fast, Seamless Payments
News

NMI Launches New Mobile Card Reader to Enable Fast, Seamless Payments

NMI’s ISO and ISV partners gain access to an affordable, easily integrable point-of-sale device to better serve micro and field merchants  SC... Learn More
NMI Executives Receive Industry Recognition from ETA
News

NMI Executives Receive Industry Recognition from ETA

NMI’s Chief Product Officer, VP Business Development and VP UK & European Sales honored by Electronic Transactions Association SCHAUMBUR... Learn More
NMI Launches the Next-Generation of Embedded Payments Solutions
News

NMI Launches the Next-Generation of Embedded Payments Solutions

Modular embedded payments platform enables software platforms and ISOs to quickly and easily integrate and accept payments, manage relationshi... Learn More
NMI Strengthens its Executive Team with New Leaders Overseeing Talent, Culture and Technology
News

NMI Strengthens its Executive Team with New Leaders Overseeing Talent, Culture and Technology

Casey Jameson appointed as Chief Talent Officer and Phillip Goericke promoted to Chief Technology Officer SCHAUMBURG, IL – January 31, 2024 –... Learn More
NMI Named to Inc.’s Second Annual Power Partner Awards
News

NMI Named to Inc.’s Second Annual Power Partner Awards

Roundup highlights B2B partners that support startups across all business functions and empower growth SCHAUMBURG, IL – OCTOBER 24, 2023 – In... Learn More
NMI Acquires Sphere’s Commercial Division, Simplifying Payments for Partners
News

NMI Acquires Sphere’s Commercial Division, Simplifying Payments for Partners

The combined solution will provide partners enhanced underwriting and risk management capabilities SCHAUMBURG, IL – OCTOBER 12, 2023 – NMI, a... Learn More