Is the UK banking sector ready to sideline passwords? (Information Age)
RBS and NatWest have been the first banks to announce that they are soon to allow customers to access accounts on their smartphones using fingerprint recognition technology.
The move is a seminal one for UK financial institutions, and an indication that the era of passwords may be finally drawing to a close.
Fingerprint authentication protects youngsters from themselves (Computer Weekly)
Both the Royal Bank of Scotland and MasterCard have recently made announcements regarding fingerprint authentication services and, if research from Visa Europe is anything to go by, the technology could be the best way to help users keep their bank details secure.
The research revealed those aged between 16 and 24-years-old are very liberal with personal details.
For example, 34% of this age group have shared their debit or credit card pin numbers with someone, compared with 23% for all age groups. Some 32% have shared their smartphone password and 20% have shared internet banking passwords.