Biometric Authentication
Biometric authentication uses unique physical or behavioral traits to verify identity. Common methods include fingerprint, face, and voice recognition.
Banks use biometrics for login, payment authorization, and fraud prevention, especially for digital wallets. Biometric data is typically stored securely and paired with device-level security.
Related Terms
Open Banking
Open banking is a system where banks share customer financial data with third-party providers throug...
API
Application Programming Interface
An API is a set of protocols and tools that allows different software applications to communicate wi...
Digital Wallet
A digital wallet is an electronic device, software program, or online service that stores payment in...
PCI DSS
Payment Card Industry Data Security Standard
PCI DSS is a set of security standards designed to ensure that all companies that accept, process, s...
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