Mobile payment app verifies identity with a photo
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If a picture is worth a thousand words under ordinary circumstances, then surely its value in a banking context would be difficult to overstate. So, indeed, is essentially the thinking behind FaceCash, a new, photo-enhanced mobile payment platform currently undergoing testing at none other than US sandwich chain Subway. The brainchild of California-based Think Computer, FaceCash is a mobile payment system that allows consumers to use their cell phones to make purchases at the point of sale. Users of FaceCash begin by signing up online with a photo and pre-funding their account with money from a traditional checking or savings…
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