With JPMorgan, Mastercard on board in biometric 'breakthrough' year, you may soon start paying with your face
Publishing timestamp: 2024-05-20 12:47:51
Summary
Biometric payment options are becoming more common in the U.S., with companies like Apple, Amazon, and Mastercard embracing the technology. While some concerns about privacy and legal actions have arisen, the use of facial recognition for payments is growing. PopID CEO predicts a breakthrough year for pay-by-face technology, with JPMorgan's partnership seen as a significant step in the adoption of biometric payments. Consumers are becoming more comfortable with biometric technology, with a forecast of $3 trillion in mobile, biometric-secured payments by 2025.
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Keywords: business news, cybersecurity, credit cards, amazon.com inc, shopping, mastercard inc, china, suppress zephr, technology,