Brazilian consumers can now sign up to mobile and online only bank Neon by taking a selfie with their mobile phone. “Instead of authenticating with a username and password, customers will take a selfie to use facial biometrics,” technology provider Daon says. “Customers will be issued two Visa branded debit cards. The physical card will be used for POS purchases at retail locations while the virtual card will be used for online purchases. Customers will use facial recognition to access their account and to perform additional transactions, such as transfers and payments.” The service makes use of Daon’s IdentityX platform.
- LG Pay goes live in the US with NFC and mag stripe mobile payments
- East reports on Apple Pay fraud in Europe
- IMF reports on the impact of digital money on banking business models
- PayPal launches its Xoom mobile remittance service in Europe
- Miami-Dade to roll out open loop ticketing in August?