Sunday, August 9, 2015

"Selfie" based 2nd factor Authentication?


MasterCard wants to try it


From the article:

MasterCard is launching a facial recognition payment service based on “selfies” taken on a smartphone. This new technology features a photo scanner that creates a map of the shopper’s face, which is then translated into a code for confirmation of future payments.

According to a survey released by Visa Europe, 69 percent of Europeans aged 16-24 believe that their lives will be “faster and easier” without passwords. Contactless payments would be the next natural step, enabling shoppers to complete transactions far more quickly.

However, when it comes to the extensive use of biometrics in the payments industry, the biggest hurdle to overcome is widespread adoption. 



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