Testing the Waters: OpenChat To Experiment With Facial Recognition In Blockchain

Testing the Waters: OpenChat To Experiment With Facial Recognition In Blockchain

In a bid to elevate the user experience, OpenChat is steering towards a new frontier where conversations are not just exchanges of words, but authentic connections facilitated by advanced technology. The innovative chat application operating on the revolutionary Internet Computer blockchain acknowledges the imperative to authenticate users and deter the proliferation of multiple profiles by […]

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MasterCard Closing In On Facial Scanning for Approving Online Purchases

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....

Facial Recognition Tech May Be Being Used Against Russian Protestors

Russian police officials may be tracking attendees at pro-Navalny protests using facial recognition tools, detainees claim.

MasterCard Tests Facial Recognition Technology for Online Payments

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....

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....

China Releases World's First ATM with Built-In Facial Recognition

The world's first ATM designed to use facial recognition technology has been released in China. A collaborative effort between Tsinghua University and Hangzhou-based technology company Tzekwan, this is China's first such ATM independently developed for mass public use. The new ATM integrates many new technologies, as well as improvements on current capabilities. Created with the goal of “cracking down on financial crimes,” abilities of the new ATM include matching users facial images with their government identification. The ATM will be linked to banks and law enforcement agencies to....