{"id":135073,"date":"2024-08-07T17:00:36","date_gmt":"2024-08-07T14:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135073"},"modified":"2024-08-07T13:37:44","modified_gmt":"2024-08-07T10:37:44","slug":"jp-morgan-advances-biometric-payments-with-new-pilots","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/jp-morgan-advances-biometric-payments-with-new-pilots\/","title":{"rendered":"JP Morgan Advances Biometric Payments with New Pilots"},"content":{"rendered":"<p>Last year, JP Morgan indicated its plans to integrate this technology across its extensive merchant network by partnering with biometrics firm PopID for initial pilot programs. The bank and PopID are now advancing their trials, aiming to streamline the payment process so customers no longer need to use their phones or credit cards.<\/p>\n<p>Research from PopID reveals that their system can cut transaction times by up to 90 seconds and potentially boost ticket sizes by four percent.<\/p>\n<p>Prashant Sharma, JP Morgan\u2019s executive director of biometrics and identity solutions, emphasized the bank\u2019s dedication to this technology. \u201cWe aim for widespread adoption among merchants, though the final decision rests with them,\u201d Sharma noted. He acknowledged concerns about biometrics but minimized them as not being a major risk.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135044\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-crash-not-over-yet-as-recession-fears-loom-coinbase-analyst-warns\/\" title=\"Crypto Crash Not Over Yet as Recession Fears Loom, Coinbase Analyst Warns\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Crash Not Over Yet as Recession Fears Loom, Coinbase Analyst Warns<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Jean-Marc Thienpont, JP Morgan Payments\u2019 MD for omnichannel and biometric solutions, described the ongoing pilots as a significant advancement. \u201cWe are enhancing our clients\u2019 retail experiences with top-tier biometric payment solutions,\u201d he said. \u201cOur offering combines the reliability and reach of a leading bank with the innovative technology and flexibility of a fintech.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Goode Intelligence, global biometric payment transactions are projected to hit $5.8 trillion and involve three billion users by 2026.<\/p>\n","protected":false},"author":3,"featured_media":135074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"coin_category":[],"class_list":["post-135073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JP Morgan Advances Biometric Payments with New Pilots<\/title>\n<meta name=\"description\" content=\"According to Goode Intelligence, global biometric payment transactions are projected to hit $5.8 trillion and involve three billion...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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