MasterCard Explores Biometrically Securing Transactions Using Facial Recognition
While other financial establishments such as VISA are experimenting with bitcoin and its blockchain technology, MasterCard has shifted its focus to biometric data security. In an attempt to create a passwordless credit card transaction settlement process, MasterCard is set to develop a system that approves online purchases using facial recognition technology. Ajay Bhalla, in charge of innovative security solutions for MasterCard, said: MasterCard has partnered with every international smartphone manufacturers and developers, including Google, BlackBerry, Apple, Microsoft and Samsung to....
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Now, ‘Scan Your Face to Pay Your Bill’ will be a reality as MasterCard is exploring and experimenting with a new program: approving online purchases with a facial scan. For the purpose, it is testing a Smartphone app that uses facial recognition to verify online purchases. When facial recognition system, a computer application for automatically identifying or verifying a person from a digital image or a video frame from a video source, is becoming popular for privacy and security, MasterCard too is willing to explore the tech. The company says that it is experimenting with the facial....
Payment Giant MasterCard is currently testing a new system for online credit card payments: facial recognition. This technology offers increased security, but fails, like many other technological safeguards, to protect you from theft at gunpoint. If someone were to steal a user’s card that had facial recognition enabled, they would be unable to make a....
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MasterCard has rolled out facial recognition “selfie payments” across Europe, as privacy-centric cryptocurrencies push in the opposite direction towards anonymity. Beginning in 12 countries, MasterCard is employing Identity Check Mobile, a technology to allow customers to self-identify through facial recognition and fingerprints. An initial trial in the Netherlands revealed that over 75% of users surveyed indicated that they wished to continue using these methods of authentication, while 90% preferred to see biometric data used more in the future. This constitutes a shift away from....
Citizens in Europe can now make payments through selfies after MasterCard announced it is unveiling its new technology that uses facial recognition and fingerprints. The Identify Check Mobile technology by MasterCard provides shoppers with the ability to purchase items through a selfie scan or a finger scan. However, this technology is only available when a shopper is visiting a merchant’s shop online. It means, though, that shoppers won’t be required to remember passwords for countless cards. MasterCard have already unveiled this technology in Canada, the Netherlands, and the U.S. Due to....