Global Biometric Point-Of-Sales Terminals Market 2016-2020 - Key Vendors are Crossmatch, Ingenico & Verifone - Research and Markets

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/r9cqm8/global_biometric) has announced the addition of the "Global Biometric Point-Of-Sales Terminals Market 2016-2020" report to their offering.

The global biometric POS terminals market is projected to grow at a CAGR of 26.94% during the period 2016-2020.

Restaurants worldwide are implementing biometric technology at merchant POS terminals to record employee time and attendance, authorize overrides and discounts, and secure payment solutions. Payment card numbers and passwords can be easily hacked by cybercriminals, leading to fraudulent payment card transactions. To minimize this, restaurants are implementing biometric technology at POS terminals.

According to the report, one of the major drives in the market is rise in fraud at merchant POS terminals. Hackers are increasingly targeting vulnerable POS terminals to steal payment card data via several methods. Take, for instance, the installation of skimmers at POS terminals. The skimmer reads and transmits data from swiped cards on POS terminals. Another technique used by hackers is POS RAM scrapers. A POS RAM scraper accesses the POS database and encrypts and stores payment card data and can be remotely accessed by the hacker.

Further, the report states that without standardization, companies cannot produce standard biometric POS devices. The lack of standardization is a barrier to interoperability. Therefore, the absence of unanimous standards in the global biometric POS terminals market is hindering market growth.

Key vendors:

  • Bitel
  • Biyo
  • Crossmatch
  • Danal
  • DERMALOG Identification Systems
  • EKEMP
  • Fujitsu
  • Ingenico
  • M2SYS
  • PayTango
  • Safran Morpho
  • Sthaler
  • SmartMetric
  • Verifone
  • Zwipe
  • Zvetco

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by technology

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/r9cqm8/global_biometric

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Biometrics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Biometrics