We have started enjoying the comforts of the technology to such
a great extent that we cannot sustain ourselves without implementing it into
our lives. However, the technology has become one of the most important as well
as an integral part of our lifestyle. From mobile phones to televisions,
everything is bound to the technology that makes our lives easier.
One
such technology that has the capability to lure the people into being a part of
something that is brilliant, smart and at the end of the day tech-oriented, is
biometrics. Now in order to make the online payments sync well with two-factor
authentication method, Master card has planned to launch an identity check
approach to make the payments easier and convenient for the users all around
the world.
The Magic of Master card
Master
card, with its new technology, has also pitched in the idea for the banks
worldwide in order to adapt to the new technology that requires the users face
to be recognized in order to proceed with the payment. The biometrics
technology is partially developed in Dublin but has the central role in the new
process of making the payments online.
With
the help of the biometrics technology, the banks would be able to track the
verification identities that helps them keep the record of the valid payments
made online whether in the form of bank transfer or through any other medium.
The people would only be required to put their face in the front of mobile
camera whilst they are trying to make a payment.
The
Biometrics would do the Job
The
biometrics technology would then do its work. It would identify the person and
then further authenticate the payment of whatsoever amount. The technology has
been developed in the Master cards Labs that is situated in the Leopards town
and would now enable the users to verify their identify by using the facial
recognition method as well as the fingerprint one.
There
is one more thing that adds to the development of such technique that is a
policy currently functional on general level in all of the banks. The Strong
Customer Authentication method calls for a foolproof system that not only
prevents any breach of the information but also assures the payment to be
authentic and away from all the hassle of hacking and other ill-operations of
the web.
The
new system would now help the people and users all around the world to perform
sped up transactions that will ultimately result in the reduction of the
abandonment rate. Also, such enhanced method of making the online payment would
reduce the risks of theft. The more the security parameters, the more
hassle-free the payment would be.
Conclusion
Adapting
the technology for the processes like online payments would increase the
chances of the customers to experience no-fault based payments. Also, the
people will get used to the technology and it would help them to implement it
in their daily lives. After all, it's the technology that we rely upon the most
for the things we do and perform on daily basis.
This article first
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