Payment technologies take a lot of different forms, but we must always ensure that the payments system uses the best security technology available. Currently, that is chip-and-PIN, but as payment technologies continue to rapidly evolve to keep pace with the many ways commerce is conducted, it is important that payment security evolves as well.
SPP supports innovative technologies that drive the U.S. payments system forward and make U.S. transactions the most secure in the world. Some of these technologies include mobile and wearable payments, biometrics (i.e. fingerprints, facial recognition, iris scanning, and vein mapping), geolocation, IP verification, blockchain, ultrasonic sound waves and others.