Andrews Research recently conducted a survey on behalf of the Deloitte Center for Financial Services on mobile devices and the financial services industry. The survey found that 72 percent of respondents would welcome the use of biometric identification, such as fingerprints or eye scans, to enable a mobile device, such as a tablet or smartphone, for financial transactions.
For banking security, over half of survey respondents endorsed “pre-clearance” of a limited number of people who could receive a limited dollar amount of funds vis-a-vis mobile payment. Two-thirds of respondents also supported leveraging a mobile device’s GPS for real-time, location-based fraud sensing and prevention.