By John Glenday

MasterCard is seeking to bring the era of ubiquitous passwords to a close by putting its weight behind a new system of image recognition which can identify account holders by instructing them to take a selfie.

The pilot project will see 500 customers log-in by taking a selfie from their phone rather than keying in an alpha-numeric code, this image is then sent over the web for comparison against a stock image of the card holder which is held on file.

Speaking to CNN Money MasterCard executive Ajay Bhalla said: “We want to identify people for who they are, not what they Read full story ›

Source: The Drum