Posted on 08/08/2013 10:28:03 AM PDT by Nachum
PayPal is rolling out a new trial for British consumers to see if they really can leave their wallets at home.
Recently kicking off in London borough Richmond upon Thames, the test includes 12 different merchants set up to accept PayPal payments, according to the company.
Using the PayPal app for iOS, Android, or Windows Phone, shoppers can see nearby participating merchants highlighted on their mobile phones. They can then "check into" a certain store by clicking on its name and pay for an item by sliding an animated pin down the screen. The person's name and photo then pops up on the store's payment system. After the customer agrees to pay for the item, the cashier clicks on the person's photo to send the payment through.
The customer receives an alert via phone with the amount paid along with PayPal's usual receipt.
(Excerpt) Read more at news.cnet.com ...
How am I supposed to swipe my face thru that card-reader thingy?
What’s to keep my twin brother out of my account?
“We’re sorry, Mr. Doppelganger, your account seems to be overdrawn...”
Awesome. great! Now you can defeat security using Facebook!
By simply showing a photograph of a person’s face to the face reader...Wammo! Now you’re into their bank account!
Dumb idea.
If the face is in the same ballpark, the clerk will authorize the sale for fear of offending the customer. And what about ethnically different faces? You know, the “they all look alike thing?”
PAyPal current has available “Verisign” for second tier authentication. It works great. Basically, I have an App on my iPhone called Verisign (it works with my bank also). When I go to log in to my account, I first log in th eusual way with email and password, buty then I’m asked to enter the current authentication code. I open my Verisign App and it displays a 6-digit number which I must then enter to gain access. The verification number changes every 30 seconds. Works great.
That’s not what happens. The cashier sees the customer’s photo to verify, no facial recognition software. Citibank did something similar about 15 years ago when they offered credit cards with the customer’s photo.
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