MasterCard is claiming a 98% success rate for pilot trials of a biometric verification system combining both voice and facial recognition. The card scheme says it recently held a closed pilot to understand the consumer experience around voice and facial recognition.
„We created a beta mobile app which we tested in ane-commerce environment on over 14,000 transactions,” says MasterCard. „The test group, drawn from MasterCard employees around the world, used both Android and iOS operating systems. The results were very exciting, yielding a successful verification rate of 98%, mixing a combination of voice and facial recognition.”
The process usually took less than 10 seconds. The test group, drawn from MasterCard employees around the world, used both Android and iOS operating systems.
The results of different apps and pilots that involved voice, face and finger print recognition makes MasterCard say „Our belief is that we should be able to identify ourselves without having to use passwords or PIN numbers”.
„Our challenge is to take lessons from the different applications of biometrics already in place and elevate them into the next generation of authentication, not just for one platform, but for the mass market globally”.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
