Biometrics Innovation and Payment Sector Perception

Barbara Mróz-Gorgoń, Wojciech Wodo, Anna Andrych, Katarzyna Caban-Piaskowska and Cyprian Kozyra
Additional contact information
Barbara Mróz-Gorgoń: Faculty of Management, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland
Wojciech Wodo: Department of Fundamentals of Computer Science, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland
Anna Andrych: Faculty of Management, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland
Katarzyna Caban-Piaskowska: Faculty of Design, Strzemiński Academy of Art Łódź, 91-726 Lodz, Poland
Cyprian Kozyra: Department of Statistics, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland

Sustainability, 2022, vol. 14, issue 15, 1-23

Abstract: This paper presents an analysis of innovations in the biometrics market, which have started to play a very important role in personal identification and identification systems. The aim of the study was to analyze current customs and opinions regarding payment methods, as well as to identify threats and opportunities for new biometric solutions in this area. First, the history of the biometrics market is presented. Acceptance patterns of new technologies are explored and modified. The authors used literature reviews, qualitative research (focus groups), and quantitative research (questionnaire survey) as methods. The main value and importance of biometrics is the uniqueness of biometric patterns (e.g., face, fingerprint, iris, etc.), which takes the security of these systems to a new level. The results of the quantitative study based on the qualitative survey show positive verification of the hypothesized reasons; e.g., importantly, that the age of potential users of biometric payments influences the fear about personal data. Fear of losing personal data affects the perceived safety of biometric payments. Perceived security has a very strong influence on attitudes towards biometric payments, which is the strongest predictor of behavioral intention to use biometric payments.

Keywords: market research; biometrics; security; biometrics market; biometrics perception; structural equation modeling (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/15/9424/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/15/9424/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:15:p:9424-:d:877721

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().