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Face Recognition Seen Being Used for Mobile Payments

The China Academy of Science (CAS) is poised to launch a payment app next year that would use facial recognition for authentication. When made available, users will be able to install the app and link it to their bank accounts or credit cards. The app would require users to take a photo of themselves in order to complete online payments. The authentication system is being touted as highly accurate and would take just a second to recognize the user. The news was first reported by Science and Technology Daily. The accuracy of the authentication feature can be attributed to the biggest Asian face database ever set up by the research institute comprising of more than 50 million records. 

Read the whole story at Let's Talk Payments »

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