WorthyNewsBot Posted March 25 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.45 Content Count: 44,435 Content Per Day: 7.19 Reputation: 986 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted March 25 By Stefan J. Bos, Chief International Correspondent Worthy News TAIPEI (Worthy News) – A Taiwan-based company expects people to soon pay for goods and services through their “facial recognition, fingerprints, eye scans, and handprints.” Jean-Philippe Niedergang, a regional CEO of global payment industry leader Castles Technology, said using “a totally personal and irreplaceable mechanism, biometric payment will significantly reduce fraud.” He said payments at “points of sale,” such as in stores and restaurants will “allow for greater efficiency in the automated payment process by reducing waiting times for customers.” Niedergang noticed that the “use of fingerprints as a means of verification on smartphones has encouraged the development of ‘biometrics,’” referring to human characteristics. He cited a survey by the Dentsu Data Lab agency conducted in 14 countries in 2021, showing that “81 percent of respondents would be willing to use fingerprints instead of PIN codes.” A survey conducted by bank card company Visa showed that “79 percent of French people trust biometrics as a secure means of authentication.” Additionally, the Groupement des cartes bancaires CB, France’s national interbank network, reportedly claimed that 52 percent of French people “prefer to use their fingerprint instead of their PIN code.” BIOMETRIC CHALLENGES However, he acknowledged that biometrics still face “cost, security, and data storage” concerns. “The risk that irreplaceable biometric information could be obtained by hackers raises doubts among consumers,” he admitted. “The storage of this encrypted information raises questions in the evolution of biometric payments. Who should be responsible for ensuring the security of biometric information, the bank or the payment terminal provider? This issue largely depends on the trust of the users.” However, despite concerns, he expects the move to pay with face, eyes, and fingers to continue. “The contactless biometric payment card is currently the only biometric payment method on the market.” However, its “evolution towards other formats such as the pattern of veins on a hand or facial recognition is expected to be the next step,” Niedergang stressed. “The biometric technology already used in smartphones and its level of acceptance show that the consumer market is ready to engage in this new innovative era in the financial sector.” The post People Soon Paying With Hand, Face And Eyes appeared first on Worthy Christian News. View the full article Link to comment Share on other sites More sharing options...
other one Posted March 25 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,246 Content Per Day: 7.56 Reputation: 27,973 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted March 25 33 minutes ago, WorthyNewsBot said: A Taiwan-based company expects people to soon pay for goods and services through their “facial recognition, fingerprints, eye scans, and handprints.” I use Samsung Pay for using my credit cards. It takes my fingerprint to open the app and make a purchase. Link to comment Share on other sites More sharing options...
NConly Posted March 25 Group: Diamond Member Followers: 5 Topic Count: 16 Topics Per Day: 0.03 Content Count: 1,341 Content Per Day: 2.76 Reputation: 615 Days Won: 0 Joined: 01/11/2023 Status: Offline Share Posted March 25 imo they will never be safe from hackers Link to comment Share on other sites More sharing options...
other one Posted March 26 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,246 Content Per Day: 7.56 Reputation: 27,973 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted March 26 Once the mark is established, I doubt any Christian will hack anyone's number. As for now, we have our Discover card misused at least once a year. I just had to received new cards this month, twice last year. It just goes with the kind of use we do. I do enjoy the 4 to 6 hundred dollars cashback we get. It's worth the work, and we are never responsible for the fraud use of the card. Almost all the time, Discover intercepts the fraud as it happens, and it is never approved. Link to comment Share on other sites More sharing options...
Recommended Posts