Facial recognition payment verification method popularity to explode in coming years

Facial recognition payment verification - binary code - woman's face

A new analysis suggests that this and other biometric authentication tech will be used by billions. Newly released research results have shown that in coming years, billions of smartphone users will employ facial recognition payment verification and other types of authentication to keep their transactions secure. The next handful of years are expected to include a considerable shift toward biometrics. This shift will include a heavy move toward facial recognition payment verification technology, among other types of biometrics. These will be meant to boost the security level of mobile transactions,…

Read More

Will facial pay technology be the next stage in mobile payments?

Facial Pay - mobile payments with face ID

Will consumers and businesses be willing to adopt it and how will their privacy be secured? The technology for facial pay already exists. That said, developing a transaction method and encouraging individuals and businesses to use it are entirely different challenges. The tech uses mobile payments that verify transactions using an individual’s own face. The idea behind using facial pay technology is that a person would be able to walk into a store, pick up the desired items, then look into a camera at the checkout area to confirm identification.…

Read More

New Amazon payment system will use shoppers’ hands as IDs

Amazon payment system - Hand

The online marketplace giant is taking more steps toward a unique biometric development. A new Amazon payment system is in development and could one day be used to ID customers based on their hands. This security feature is meant to help verify an individual’s identity without having to touch the person. Unlike fingerprint scans that are commonly used to unlock secured smartphones, no contact is needed. The Amazon payment system is one of the latest steps made by the online retail giant’s engineers. The technology’s development was made public through…

Read More

QR code use in China may fall due to facial recognition technology

QR code use - woman looking at monitor

Quick response codes are widespread for authenticating mobile payments in the country. In China, QR code use for completing mobile payments is as commonplace as the use of traditional credit cards in the United States. However, this could quickly become a thing of the past as more companies look to biometrics such as facial and fingerprint recognition. Tech giants in the country, such as Tencent, are already looking into ways to use biometrics. Most people use mobile phones to complete non-cash payment transactions in China. QR code use is the…

Read More

New mobile payments partnership opens between Australian and Dutch companies

Australia Mobile payments Commerce QR Codes

The two firms in question are eftpos and Bell ID, which hope for a flexible new transaction capability. Eftpos, a company from Australia has now announced a partnership with a Dutch company called Bell ID in order to develop a domestic mobile payments capability that will use secure tokenization and will still remain notably flexible. The purpose of this new partnership is to help to make eftpos smartphone payments available across digital platforms. Bruce Mansfield, the managing director of eftpos explained that the new capability that will be developed through…

Read More