With the increase in sophisticated cyber-attacks and other types of credit card fraud, the payment industry has begun incorporating various types of biometric technology to enhance security and prevent breaches.
A recent report by MasterCard says the company is launching a facial recognition payment service based on “selfies” taken on a smartphone.
This technology uses a photo scanner that creates a map of the shopper’s face and translates the map into a code to confirm payment. This information is then stored for future purpose.
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MasterCard also revealed that it is working on payment verification via voice recognition.
MasterCard's facial recognition system will be optional and would not be forced on customers.
Source: MasterCard, 123rf