India’s Airtel Payments Bank A biometric verification solution called Face Match has reportedly been added to improve the security of customer accounts.
This solution uses facial recognition and liveness checks to verify account users in cases where The bank’s machine learning (ML) algorithms detected potentially fraudulent transactions, CXO Today reported Tuesday (20 August).
Airtel did not immediately respond to PYMNTS’ request for comment.
Face Match first calculates a threat score based on user behavior, transaction patterns and location, historical data, Device and mobile app-based signals, the report said.
If a user exceeds this threat score, the account will be secured to prevent fraudulent transactions and the user will be notified on their mobile phone number that they need to complete a quick verification to proceed with a transaction, the report said.
A link in the notification takes the user to the Face Match section of the Airtel app where they can take a selfie that is then compared to a photo from their onboarding process, according to the report.
If the match is successful, the user can proceed with their transactions; if There is noneThey must visit a bank branch for biometric verification, the report says.
Biometric authentication Tools have been adopted in the United States, according to PYMNTS Intelligence and AWS Cooperation“Tracking the Adoption of Digital Payments: Biometric Authentication in the Age of Mobile.”
More than half of U.S. consumers who made online purchases used biometric authentication to validate their transactions, with 28% of those consumers using facial recognition and 49% using fingerprint scans.
The report also found that about 15% of U.S. consumers have not yet used biometric authentication methods but are interested in doing sowhile 34% have not used these methods and are not of interest included.
In another deployment of Biometric Technology, IDEX Biometrics said on August 14 that TaluCard plans to launch a physical biometric payment card and a complementary app designed to provide an accessible and secure payment solution for visually impaired users.
The payment card is scheduled to launch in the UK in late 2024. It will feature fingerprint authentication, tactile guidance markings to help users find the fingerprint sensor, and the ability to make contactless transactions without a PIN or signature.
