Paying for goods and services just using a smartphone app is becoming a reality. Paypal is trialling a new facial recognition system in the UK which could mean people can leave their credit and debit cards at home. Instead, they can download a free app to access a Paypal account.
Talking about facial recognition, Chatham House Security Research Associate, David Clemente explained: “It’s really like a thumb print or a finger print. It doesn’t change over time. So if they have your picture now, they could match that with the real you in five years’ time using the same picture. Bank details may change, but our thumb prints and facial geometry don’t change.”
It isn’t the only new system on trial. In Denmark, festival goers have already tried out a payment system using an electronic bracelet. Paying by card takes around 7 seconds, but using the bracelet takes around 1 second.