In response to the news that cash machines fee cut has prompted fresh rows and wanted to get in touch to share a comment from David Orme, SVP at IDEX on how this will move the UK further towards a cashless society with added support from biometric payment solutions.
David Orme, Senior Vice President at IDEX:
Biometric smart cards will be more convenient than cash and won’t even require a PIN, as payments are made using a fingerprint alone. As a result of this new technology, people making payments will no longer have to compromise security for convenience and will enjoy the benefits of limitless payments, with the £30 transaction cap becoming a thing of the past. We can expect to see banks deploying millions of biometric smart cards to their account holders by 2019.”
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