Payments security company Facebanx has launched their new online facial recognition solution, allowing FIs to scan facial images via a laptop, smartphone or tablet camera.
Faces are recorded via a video stream and then compared to a data base, verifying the person’s identity, Finextra reports.
“Our product has been specifically designed to combat fraud and provides a unique solution for processors to share data to combat multiple acts of fraud,” said Matthew Silverstone, CEO of Facebanx. “We are currently in discussions with a number of processing companies, banks and merchants about adding our software to their CRM.”
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More