Jim Bray of Identit and Steve Ledford of The Clearing House discuss the role that biometrics can play in preventing P2P payment fraud. Bray: “VPs of fraud want something more absolute and hard-factor,” Ledford says. Ledford: “We need to think of the experience. For instance, a consumer may be making that payment with a mobile app. We need to incorporate things like face ID, where [the consumer is] already looking at their phone””]
Source: https://www.bankinfosecurity.com/p2p-payments-how-to-balance-security-convenience-a-16880