You can now pay for an item purchased without cash, card or even your phone MasterCard is currently testing a technology for which you only need to show your face at checkout. This new biometric checkout program will allow any buyer to scan their face during checkout using the store owner’s phone or installed system, and will allow you to pay as you unlock your phone.
The pilot program will begin in Brazil, in the city of S সাo Paulo. Shops in the city will use an app created by a Brazilian startup called Faceface According to Bloomberg Nellie Kleinf, senior vice president of MasterCard, said more features could be used to use the technology. He added that age verification for buying limited store items is “actually something we’re starting to explore and we’re really excited about.”
The emergence of facial recognition is seen as a normal step towards eliminating cash and reducing fraud in the payment system. There has been considerable progress in payment technology, last month a company offered to embed a chip in your hand that you can use to make payments by swiping your hand over a receiver.
Walletmor uses Near-Field Communication, or NFC, a technology that smartphones have been using for years.
Walletmore chips weigh less than a gram and are slightly larger than rice grains. It consists of a tiny microchip and an antenna enclosed in a biopolymer – a naturally occurring material similar to plastic.
The company’s CEO says the chip is completely secure and has all regulatory approvals.