Imagus, a developer of facial recognition technology, and payment solutions Payonyx have collaborated to jointly develop a facial recognition payment authentication service.
The service will enable consumers to make purchases and withdraw cash simply taking a selfie.
Go deeper with GlobalData
The service will club Imagus’ facial recognition technology with Paynoyx’s payments knowledge, including its experience with payment gateways and 3D secure authentication systems.
The service, which has been designed for e-commerce, m-commerce, POS and ATM transactions, will be offered to banks, schemes, networks, payment processors, merchants and other partners.
Imagus CEO Glen Thomas said: "Imagus technology has predominately been designed for uses such as access control and border security, and to now have a partner to help extend Imagus’ technology into the payment security space is a very exciting evolution for Imagus’ range of products."
Payonyx CEO Daryn Griggs said: "This partnership will provide a service, which will allow consumer’s to pay for products by simply having their picture taken. This will be far more convenient and secure than remembering passwords or PIN numbers and is a natural extension to payment security."
