Facial Biometrics Authentication: A New Security Measure for Online Transactions
Facial recognition technology aims to enhance security for online transactions, but users face challenges with incompatible devices and facial dissimilarities.
Facial BiometricsOnline TransactionsSecurity MeasureBiometric AuthenticationBanking TechnologyReal Estate PuneJun 26, 2024
This new security measure aims to prevent unauthorized access and minimize the possibility of fraud when using online banking applications. However, users are facing challenges in updating their biometric authentication, with the system constantly showing errors or due to incompatible devices. Many users have reported difficulties in scanning their chip-based ID card, which is a critical step in the biometric authentication procedure.
The process of facial biometrics authentication involves taking a photo of the user's face and chip-based ID card, and then scanning the card's information using NFC on their mobile device. However, users with incompatible devices, facial dissimilarities from their ID photos, and the elderly who are not tech-savvy are facing difficulties in completing this process.
Banks and e-wallet service providers are notifying customers to update their biometric authentication before July 1 to avoid disruptions when performing large transactions. Several banks, including TPBank, ACB, and BVBank, have integrated facial recognition authentication into their digital banking apps, providing customers with flexibility and convenience.
While facial biometrics authentication enhances security, it also poses challenges for users. The elderly and those who are not tech-confident face difficulties in updating their information according to the bank's requirements, especially since each bank has a different update method. Additionally, the process of scanning the chip-based ID card can be frustrating, especially for those who are not familiar with the technology.
In conclusion, facial biometrics authentication is a significant step towards enhancing security for online transactions. However, it is essential to address the challenges faced by users, particularly the elderly and those with incompatible devices, to ensure a seamless and secure online banking experience.
Information
The State Bank of Vietnam (SBV) is the central bank of Vietnam, responsible for regulating and supervising the banking system in the country. TPBank, ACB, and BVBank are commercial banks operating in Vietnam, providing a range of banking services to customers.
The Ministry of Public Security is a government agency responsible for maintaining public order and safety in Vietnam. The 2023 Identity Law regulates the use of biometric data for identification purposes in Vietnam.
Frequently Asked Questions
What is facial biometrics authentication?
Facial biometrics authentication is a security measure that uses facial recognition technology to verify the identity of users making online transactions.
Why is facial biometrics authentication necessary for online transactions?
Facial biometrics authentication is necessary to prevent unauthorized access and minimize the possibility of fraud when using online banking applications.
What are the challenges faced by users in updating their biometric authentication?
Users are facing challenges in updating their biometric authentication due to incompatible devices, facial dissimilarities from their ID photos, and difficulties in scanning their chip-based ID card.
How do banks and e-wallet service providers support facial biometrics authentication?
Banks and e-wallet service providers have integrated facial recognition authentication into their digital banking apps, providing customers with flexibility and convenience.
What is the significance of facial biometrics authentication for online transactions?
Facial biometrics authentication enhances security for online transactions, preventing unauthorized access and minimizing the possibility of fraud.
Related News Articles
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.
Indore Sees 12.8% Rise in Property Revenue During Festive October
The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.