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12/19/2025
Mobile phone IDs may help fight fraud
Payments Dive
Fraud represents a global financial scourge but people’s biometric connections to their mobile phones could help better thwart criminals.
A secure digital identification system paired with the common face and fingerprint ID tools in Apple and Google-Android devices could do more to reduce fraud schemes, Rep. Bill Foster, an Illinois Democrat, said Tuesday.
The “tool at hand” to provide a biometric-based identification system to fight fraud is “trusted electronics in your cell phone associated with a national ID, a Real ID, a passport, something similar to that,” Foster said. “Other countries get this. And it’s amazing how that just enables a flowering ecosystem of financial products.”
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