MasterCard Selfies To Replace Passwords Sep 7th

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MasterCard Selfies To Replace Passwords
Selfies are the new… passwords?
Maybe, according to MasterCard. The credit card company is currently experimenting with using personal features such as fingerprints and facial recognition to verify a cardholder’s identity. Known as biometric authentication, the technology could boost the security of online purchases.
If implemented, customers would need to download an app to access the technology. After paying, the user would be asked for a form of authorization — either a fingerprint (by simply touching the screen) or a facial scan (by staring at the phone and blinking once). MasterCard says no photo will be logged and that facial reconstruction won’t be possible.
Also read: Would You Use Heartbeat Banking?>
Passwords Are Passé
MasterCard currently offers its customers “SecureCode,” a private code that enhances security while online shopping. The code is unique to each customer and can only be seen by the cardholder and their financial institution. According to a CNN story, these codes were used in three billion online transactions in 2014…

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