J.P. Morgan plans biometric payments rollout with PopID in 2025
J.P. Morgan is trialing biometric payments powered by PopID‘s commercial identification with more retailers in the U.S. ahead of a planned rollout next year, an executive told Payments Dive. The pilots include palm, fingerprint, and face authentication for payments in-store, promising a faster, secure checkout experience.
The Formula 1 Crypto.com Miami Grand Prix was among the first to pilot the system, which J.P. Morgan said when it was announced would make it the first Formula 1 race to use biometric payments.
If the pilots continue to be successful, the biometric payment system will be rolled out to merchants throughout the nation later this year. The company is pitching the system to quick-service restaurants, event venues, convenience and grocery stores, though it will be made available to all.