bbc.com –
An Israeli start-up plans to use smartphone cameras to verify peoples’ identities for banking and other transactions, replacing passwords, fingerprints and other forms of ID.
IsItYou says it has developed a new facial recognition technology, which is both very accurate and virtually spoof-proof.
Its founder Benjamin Levy says the system registers just one in 100,000 incorrect matches – a low enough level, he believes, to convince some banks and other financial institutions to adopt the system as early as next year.
The service is groundbreaking in its attempt to use facial recognition as an authentication method for payments…