Next generation banking : Banking with selfie

Till date, we are very familiar with the banking methods used such as a login and password. But now it seems that the next generation banking will be “selfie banking”.

MasterCard is taking initiative

The card leader MasterCard is taking a step forward in this. They are testing this new generation method with some American users. They have developed actually an app, which will take a selfie off the user. There are going to be much more advanced techniques than just scanning the fingerprints, skin colour, shape of the face etc.

How it works ?

The app actually takes a photo, grabs details, and sends to the server for further processing. The more advanced functions like counting heart beats, voice identification also are in pipeline. But this seems to be the best and fastest option available.

Let’s wait for the official announcement through master card official channel.

1 2 3 4 5