Google Wallet Tests Asking Users to Confirm Identity Before Every Payment

Google Wallet is testing a feature that could change how your customers interact with digital payments at the point of sale. The new settings would allow users to require identity verification—like a fingerprint or PIN—before every single contactless transaction, regardless of the amount. Currently, many small transactions go through without an extra security step. This move is designed to combat fraud and give consumers more control over their mobile wallets. For retailers, this is a double-edged sword. On one hand, higher security means a lower risk of fraudulent chargebacks at your registers. On the other hand, it adds friction to the checkout process. If a customer has to fumble with biometric sensors or passcodes for every small purchase, it could slightly slow down your lines during peak hours. You should keep an eye on this update as it rolls out to Android users. It may change the rhythm of your checkout experience, but the added security layer will likely boost consumer confidence in using mobile financing and digital wallets for larger purchases.

Source: PYMNTS

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