It takes young adults–those between the ages of 18 and 24–some 132 days before they realize they’ve had their identity stolen. In that time, they’ve lost five times the amount of money compared to other age groups, according to Washington State University’s student newspaper.

Axway, a business interaction networks company that manages digital business interactions, has partnered with MaxID, a developer of biometric and other identity solutions, to create a new handheld mobile device designed for use in biometric authentication.

While new high-tech vending machines are being released with options such as touch screens, nutritional information displays, wireless coin dispensers, stock monitors and biometric payments, some feel the idea of moving forward with biometric-based payments on the devices may not work yet, according to a Retail Solutions Online article.

New Zealand, in conjunction with the Australian government, has begun utilizing fingerprint biometric checks of immigrants entering the country in an effort to improve border security and curb identity fraud, according to a TVNZ article.