Study Sees Slow Acceptance Of Biometric Technologies.(TowerGroup study)(Brief Article)

Despite the benefits biometrics could bring to financial institutions and consumers alike, the high cost of implementing these technologies combined with a lack of industry consensus could delay its widespread use for at least a decade, according to a new study.

The TowerGroup's Retail Brokerage and Investing service also reported that its study further found that counter to popular wisdom, concerns over privacy will not keep consumers from adapting to biometric screening. "Instead, convenience will be the key to the acceptance of biometric technology use in retail