MWC 2016: MasterCard rolls out selfie ID checks
I thought this would be an interesting topic to discuss since we talked about technological advancements in our last class.
How many of you are tired of typing and retyping your password? Well if you’re not tired, 92% of contestants who participated in a survey carried out by MasterCard said they are. MasterCard has announced that starting this summer the UK, US, Canada, Netherlands, Belgium, Spain, Italy, France, Germany, Switzerland, Norway, Sweden, Finland, and Denmark will start accepting “selfies” and fingerprints for online payments instead of passwords.
For this to work, people using this payment method would have to download an app to their computers, tablets, or phones. Although security researchers question the facility of spoofing the system, one expert said that biometric checks have potential to cut fraud. Like procedures for online purchasing we have today, with this technology you would still need to give information regarding your credit card, but if more authentication is required, you will be asked to either look at the camera or use the fingerprint sensor. If asked to look at the camera, you will have to blink for the server to prove that you are not just holding up a picture, and that it is in fact you.
As someone who loves online shopping, I think this is a great step. Not only will it avoid what many consider a hassle, which is typing and retyping your password, like some of experts, I think it will have potential to cut fraud. Yes, there will always be the possibility of compromising the selfies or fingerprints, but this already happens with the passwords we have to type in today. When this launches, I will be sure to download the app and give it a try.
This relates to our class because it shows the corporate social responsibility MasterCard has of ensuring that their clients’ transactions and money are safe. With this technological advancement, I believe that in the near future, it will be possible to improve online safety.