CHICAGO—Nearly 85% of global executives surveyed as part of a new TransUnion study said they believe smooth digital transactions are "essential to business survival," and that providing the solution to consumers means more than just a competitive edge.
Approximately 85% of executives say biometrics are likely to be used to authenticate the vast majority of payments in the next 10 years, while 43% of respondents noted that fraud detection and improved security is the greatest benefit to using AI.
The vast majority of executives, 79%, believe national digital IDs will help fraud prevention in consumer transactions, noted Mobile Payments Today in its analysis.