The $8.1 billion, Mountain View, Calif.-based First Tech Federal Credit Union has announced a new pilot with MasterCard, dubbed "Selfie Pay," which allows credit union employees to complete mobile transactions using facial recognition and fingerprint biometrics.
For the pilot program, slated to run in September and October 2015, more than 200 First Tech FCU employees will test the product using artificial funds and biometrics in a closed environment.
The pilot will evaluate the potential for delivering greater security and convenience to First Tech FCU's U.S. cardholders by allowing them to verify their identity via facial photographs or fingerprint scans on their smartphones, the credit union said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
