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Jackie here. Many of us love to take selfies, and one company is seeking to take advantage of that selfie love to make online transactions more secure. The Mastercard pilot program uses a binary code created from a selfie to authorize transactions instead of a typed password. The program is currently rather small, but if it works, you might be using your face to verify your payments soon.
How Does It Work?
The selfie identification program is only in the works for Mastercard users at the moment. It is part of a special service known as “Paying with Mastercard Identity Check”, and seeks to reduce fraud with an extra layer of security at the time of payment. The full details of the program won’t be unveiled until it is out of the testing phase, but right now we know that the selfie program is expected to be a part of the company’s smartphone app. Users will have the choice of a facial scan (done via selfie) or a fingerprint for identification.
What Can I Do Now?
The selfie program is currently just in the testing phase, so it isn’t yet available to regular users. In the meantime, how can you protect yourself from credit card fraud? Your best option is to be vigilant. Check your statements often and report any suspicious activity immediately. Credit card fraud might be a pain, but you’re not liable for fraudulent purchases, provided you report them.
Would you take a selfie to verify your identity?