Mastercard Testing Facial Recognition Security App
This fall, MasterCard will start experimenting with a new program: approving online purchases with a facial scan.
At checkout, you'll be asked to hold up your phone and snap a photo, said CNN Money.
The concept is designed to cut down credit card fraud and block access to the credit card numbers of off-guard shoppers online.
For now, MasterCard customers are able to use a password when making purchases via the "SecureCode" service, but soon purchases can be made with the snap of a camera phone.
The traditional method of keying in numbers will remain, while shoppers can either use the fingerprint scanning service or take a photo to make a purchase, said CNN Money.
The technology consists of the photo scanner creating a map of the shopper's face -- which it will recognize for all future purchases to come. The map will then be translated into a code to be used to confirm payment.
MasterCard is also working with a Canadian firm, Nymi, to develop technology that will approve transactions by recognizing your unique heartbeat. That means no interruptions.
http://money.cnn.com/2015/07/01/technology/mastercard-facial-scan/
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