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Biometrics refers to the identification and authentication of an individual based on their unique biological and behavioral characteristics like fingerprint identification, palm-vein identification, facial recognition, iris recognition, retina recognition, and voice recognition. An employee is asked for his user ID as soon as he logs into the retail PoS system. However, without typing in his password, he can simply scan his finger on the biometric fingerprint reader. Every time an employee tries to access a password-protected area, he is required to scan his finger. This leads to increased accountability, which ensures protection from accidental and intentional damage to the company’s data.
Companies Profiled in this report includes: Bitel Co, KEMP Technologies, M2SYS Technology, CROSSMATCH, Fujitsu, Biyo Bright Co, Danal, Dermalog Identification Systems GmbH, Ingenico Group
Based on technology, fingerprint identification, iris-retina scan recognition, palm-vein identification, iris recognition, voice recognition, and facial recognition are the segments of the global market for biometric point-of-sale terminals.
The rising incidents of fraud at point-of-sale terminals has been a key growth driver of the global biometric point-of-sale terminals market. Growing number of restaurants are adopting biometric technology at merchant point-of-sale terminals to keep track of employee attendance and time and ensure security while making payments. Several government authorities and private sector businesses and companies have been deploying these technologies. As a result, the growing demand is expected to translate into greater expansion of the global market for biometric point-of-sale terminals.
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Global Biometric Point-of-Sale Terminals Sales Market Report 2018
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