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USAA Adds Facial Recognition to App

USAA members residing in the states will soon be able to log into their accounts through mobile devices using biometric recognition. This will make USAA the first U.S. financial institution to offer facial and voice recognition on a mobile app as added protection against fraud and identity theft. USAA members are expected to have access to biometric logon capabilities in early 2015. A recent report by Juniper Research forecasts that more than 770 million biometric authentication applications will be downloaded per annum by 2019. Also, a research by Visa Europe indicates that three-quarters of 16-24 year olds are in favor of biometric authentication measures such as facial recognition, fingerprint and retina scan.

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