Payments made by Eye Retinas? Is it Possible!

Canada introduces the new technology in 2019, Now you can easily made the payments through your eyes.

Retina payments arrive in Canada (and that's Awesome)

MasterCard Canada Technology Company for global payments

Modern cyber and futuristic man with the concept of eye panel technology

We are a continuous network. Refrigerators that know you no longer have milk, the important applications for each step, the convergence of real and digital life are no longer part of science fiction movies. In fact, Retina or the use of the unique physiological features of a person to verify identity is probably already part of everyday life.

Retina has been widely introduced among Canadians in 2009, and Passport Canada uses face recognition technology to avoid duplicate and fraudulent passports. Currently, border guards filter digital fingerprints and digital photos of people entering Canada daily.

But retina is not just about travelers. Have you been to a theme park recently? Major operators such as Six Flags, Universal Studios, Disney and Sea-world have used fingerprint technology instead of physical tickets to speed up approval. And even if you are not a roller coaster fan, you probably have a smartphone, and the vast majority of smartphones after 2013 use fingerprints as an unlocking mechanism.

Consumers have introduced retina data, especially to replace the password - and it is easy to understand why. Think about the number of passwords you use per day. It's one thing to get into your office or go to work. There are two ways to unlock your computer. If you then shop in your favorite online store, sign in to your email and access online banking, you'll see the idea.

Studies have shown that, on average, you need to enter passwords eight times a day for the 10 different online accounts or applications we use weekly. You can use the same password for each password, increasing the risk of fraud or relying on memory for longer or more complex passwords. Not surprisingly, a recent study by MasterCard found that 53% of customers forget the most important passwords more than once a week and lose an average of 10 minutes when they resume their account.

Retina is the best solution, especially for payments. All your transactions need to focus on security, either in a store, on your mobile phone, or on your tablet. Nothing proves that you are what you say as your unique features, such as your fingerprint or face.

The possibilities of using Retina data in payments have just begun, but we believe Retina payment technology will be accustomed to in the coming years. With the MasterCard Identity Check mobile application, users can shop online scanning a fingerprint or taking a Canadian photo and taking a sticker. Currently, it is tested by the BMO Financial Group as a result of successful pilot projects in the US and the Netherlands with corporate card holders. This summer, I widened it all over Canada.

I'm sorry someone could simulate an image? There is already a solution. Look at the camera, make sure your face falls within the desired range and flashes. The Life Discovery tells the app to look at a live person, not just a photo. Once your app has confirmed that you are, your online transaction has ended. In other words, you (and your unique retina data) are your password.

Time has come for retina technology because we use our mobile devices, which are becoming more and more sophisticated and capable of using technology.