Imagus, Payonyx to jointly develop facial recognition payment authentication service
Imagus and global payment solutions firm Payonyx announced they will jointly develop a facial recognition payment authentication service which will allow consumers to make purchases and withdraw cash by taking a selfie.
The service combines Imagus’ facial recognition technology with Paynoyx’s payments knowledge, including its extensive experience with payment gateways and 3D secure authentication systems.
The payments authentication service is intended for e-commerce, m-commerce, POS and ATM transactions, and will be made available to banks, schemes, networks, payment processors, merchants and other partners.
The service will allow consumers to make a purchase or withdraw cash by taking a photo of themselves from a desktop computer, mobile phone, tablet, merchants POS terminal or ATM.
“I am delighted to be partnering with Payonyx on this ground breaking payment security initiative,” said Glen Thomas, CEO of Imagus. “Imagus technology has predominately been designed for uses such as access control and border security, and to now have a partner to help extend Imagus’ technology into the payment security space is a very exciting evolution for Imagus’ range of products.”
Using advanced algorithms, the Imagus facial recognition technology (Imagus FRT) delivers accurate results for facial detection, recording, matching and recognition, even with poorly lit, poor quality, angled or obstructed samples.