According to a recent statement, Visa wants to start using face scans instead of bank passwords. The credit card company announced a new API-based biometric service available to banks and merchants called Visa ID Intelligence. Visa Senior Vice President for risk products Mark Nelsen explained: "It's a way for us to accelerate the adoption of these smarter authentification technologies for our clients around the world."
The application programming interface enables organizations working with sensitive financial information to address evolving security threats. Smartphones already integrate thumbprints, such as Touch ID on iPhones, and face scans are employed at some airports as an added measure of security. Banks, however, have been slower to incorporate newer biometric tactics.