Paying with Your Face-is that possible?
Paying through phone and using debit or credit cards to pay money is one of the common way which everyone would follow to process their transactions now-a-days that might be any kind of online transactions or money transfer from one account to another or withdrawl of amount from atm or directly from the bank. These have proven the advancement of technology both in positive and negative ways. Positive way is that we can perform any kind of transactions very easily and the negative part is that this method is not that secure as it was previously as the hackers are able to hack any secured account. As much more advancement in the technology of security , some of the organisations in China has come with a new technology of Paying with Your Face .
Although their is a usage of cards from the past four decades, this kind of transaction is not that secure hence to enhance this security feature they have introduced the technique of face recognition for security. MasterCard is now running a pilot project testing a new feature that allows online purchases to be authorized with a snapshot of the user’s face in place of a password.
There is a good chance that this new feature will quickly become popular with millennials, who are very accustomed to snapping selfies.In order to pay with your selfie, you first need to download MasterCard’s Identity Check app. When it comes time for an identity check during the purchasing process, you receive a push notification on the mobile device to open the app. Then, you just hold up your phone, smile, and blink.
some of the similar technologies are:
- payment through car.
- payment through face.
- payment through refrigerators.
Some of the world renewed brands have started working on this new technology by creating a mobile application which would be connected to the database to know whether the person is authorized or not, while many of the companies like PayPal , Visa,Master Card have started to work on the database and its infrastructure to successfully continue the mobile payments. Furthur in the near future, you will not need to pull out your card or even your phone to make a purchase while, anything around you can serve as a digital wallet. as i said before like refrigerators, or anything. I would prefer this technology to come into our lives to gear up our work effectively according to our needs. So what do you think guys, will this work with you or according to your needs?