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article imageNew way of paying with your face being tested by MasterCard

By Owen Weldon     Jul 4, 2015 in Business
Recently, MasterCard announced that it wants to add a layer of biometric security to its credit cards and all their customers have to do is take a selfie.
MasterCard, who recently stated that it wants contactless payments with cards and phones to be accepted at every UK store and store in Europe before 2020, will create a digitized map of the user's face and then the map would be converted into a hash. Once this happens, the hash will be stored on MasterCard's servers.
Basically, what happens is when you buy something with your MasterCard, you will snap a photo of yourself after the app notifies you to do so, and then your identity will be confirmed.
Also, as an added security measure, you will need to blink while taking a photo of yourself. This is to prevent someone from simply holding up a photo of you in order to trick the app. Fingerprint scanning for authorizing purchases will also be supported by MasterCard's app.
It is said that MasterCard will start experimenting with the program sometime this fall. The program will be limited to 500 customers, and after all of the kinks are worked out, the company plans on launching it publicly at some point.
MasterCard has teamed up with a number of companies in order to pull this off. Some of these companies include Google, Apple and BlackBerry. The company is still in the process of finalizing deals with two major banks.
More about Mastercard, Face, Pay, pay with your face
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