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On the Expected Increase of Mobile Transactions Authenticated Through Biometrics

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Date Issued:
2016
Summary:
Biometrics, the identification of specific individuals by unique physical characteristics ¬– like fingerprints, irises, or facial features – promises greater convenience and security than traditional methods since physical features cannot be lost or forgotten. Our study explores practical implementations of biometrics, especially its projected growth in the field of mobile transactions. Our study supports the claim that usage of biometric systems, especially in the authentication of mobile transactions, will significantly increase despite security and privacy breaches. Because biometrics is a relatively new technology with little previous data, we circumvent this issue by correlating its usage to that of smart phones in order to analyze statistics to create regression analyses. According to our findings, the number of biometric users will increase from $7.72 billion in 2014 to $10.26 billion in 2019, thus it would be prudent to invest in biometrics by implementing more systems, and creating more reliable systems based on new standards.
Title: On the Expected Increase of Mobile Transactions Authenticated Through Biometrics.
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Name(s): Barcenas, Loren
Karabina, Koray
Office of Undergraduate Research and Inquiry
Type of Resource: text
Genre: Poster
Date Created: 2016
Date Issued: 2016
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Florida
Physical Form: application/pdf
Extent: 1 p.
Language(s): English
Summary: Biometrics, the identification of specific individuals by unique physical characteristics ¬– like fingerprints, irises, or facial features – promises greater convenience and security than traditional methods since physical features cannot be lost or forgotten. Our study explores practical implementations of biometrics, especially its projected growth in the field of mobile transactions. Our study supports the claim that usage of biometric systems, especially in the authentication of mobile transactions, will significantly increase despite security and privacy breaches. Because biometrics is a relatively new technology with little previous data, we circumvent this issue by correlating its usage to that of smart phones in order to analyze statistics to create regression analyses. According to our findings, the number of biometric users will increase from $7.72 billion in 2014 to $10.26 billion in 2019, thus it would be prudent to invest in biometrics by implementing more systems, and creating more reliable systems based on new standards.
Identifier: FA00005556 (IID)
Subject(s): College students --Research --United States.
Held by: Florida Atlantic University Libraries
Sublocation: Digital Library
Persistent Link to This Record: http://purl.flvc.org/fau/fd/FA00005556
Restrictions on Access: Author retains rights.
Host Institution: FAU