March 21, 2017At Samsung’s upcoming unveiling of the Galaxy S8, published reports indicated the company will showcase a blend of authentication techniques for mobile payments that includes facial recognition. After a lost year during which Samsung battled the PR disaster of the Galaxy Note 7, the company appears to be betting that new payments technology could differentiate it from Apple when the S8 is released next week. Sources told Bloomberg News that the newest version of Samsung’s popular line of Galaxy smartphones will integrate some combination of facial recognition, fingerprint and iris detection as a way to authenticate users of many of its applications including Samsung Pay. According to observers, the inclusion of facial recognition as a payment authentication method is significant for “image-based biometrics.” A Business Insider report estimated that biometrics-enabled models account for 62 percent of smartphones currently available—a number that will rise to 100 percent by 2020. Fingerprint scanning currently makes up nearly all of that 62 percent. Adoption of facial recognition and other technologies will increase as other manufacturers race to copy Samsung.
Learn more about this topic at these CNP Expo Education Sessions in Orlando, FL from May 22-25, 2017.
- Practical Considerations of Various Authentication Methods
- Assessing Fraud Risks for Mobile CNP Payments