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October 12, 2015 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/RdMIuT2ktCQ/the-payments-world-really-wants-to-know-who-you-are
The Payments World Really Wants To Know Who You Are
jhigh writes: The generation that brought us the obsession with snapping photos of their faces, uploading to social media channels, and terming it "selfies" has unknowingly encouraged the launch a new cybersecurity platform for the world. You can sum it up thus: "pay with your face." Quoting: "Socure’s Social Biometrics Platform, which is already in use by financial institutions in more than 175 countries, provides analytics, assessing information about you from other public online sources, producing a social biometric profile, matching to your photo, and generating a score to determine the authenticity of your identity. ... Whether you have an established credit history or not, the one thing most of us have, especially millennials, is an online social platform presence. Biometrics data mining for payments security also reaches the unbanked crowd, those who have healthy online histories but might not necessarily use financial institutions or carry proper government-issued credentials." This is a fitting legacy for millennials, who impart knowledge one click at a time.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/RdMIuT2ktCQ/the-payments-world-really-wants-to-know-who-you-are
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