MOUNTAIN VIEW, Calif.—First Tech FCU has announced a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics.
Dubbed “Selfie Pay,” by industry observers, this initial test will be conducted in a closed environment where First Tech employees will use artificial funds and biometrics, the two parties said in a statement.
The pilot will test the potential of delivering greater security and convenience to First Tech’s U.S. cardholders by verifying identity via facial photographs or fingerprint scans conducted on smartphones. This technology will enhance the ease and convenience that Americans have come to expect when using credit and debit cards for online purchases while leveraging advanced technologies to help ensure payment security.
“At First Tech we’re establishing a strong track record for bringing the most secure and forward-looking payments security to our members, first with our introduction this year of chip-and-PIN debit and credit cards. In that spirit, this biometrics pilot program represents an exciting next step in payment convenience and security,” said Greg Mitchell, CEO of First Tech Federal Credit Union. “Our members are some of the most technologically focused consumers on the planet, and being an innovator in the payments security space is evidence of our strong desire to meet our members’ unique needs.”
According to First Tech, the pilot program will run in September and October and include more than 200 credit union employees. Pilot participants will use smartphone apps to make virtual donations to the Children’s Miracle Network hospitals, all authenticated by facial recognition or fingerprint biometrics.
First Tech and MasterCard introduced the concept for this biometrics pilot program at the White House Cyber Security Summit at Stanford University in February.