Bob Reany, MasterCard's executive vice-president for identity solutions, takes a selfie to demonstrate a new biometric app for e-shopping security. NEW YORK/ST LOUIS: MasterCard plans to commercially launch "selfie pay" in Asia-Pacific markets next year in an effort to improve identity verification, security and convenience for online payments. To use the new service, those who live in countries where MasterCard Identity Check Mobile service is available are required to download an application to their PC, tablet or smartphone. Ed McLaughlin, chief information officer of MasterCard, said financial fraud such as credit card fraud has been rising, so the company focused on security systems by launching several innovative technologies. Last year the company opened MasterCard DigiSec Lab, a security research laboratory based in Knutsford, England, to create security products.

Source: Bangkok Post November 17, 2016 00:13 UTC