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BioID partners with Worldcore for biometric online payments Print E-mail
Tuesday, 14 February 2017 17:17
Internet financial services provider Worldcore and cloud biometrics developer BioID today announced a joint project in which BioID's facial recognition will be used to secure Worldcore's payment platform, adding a second form of authentication called FaceKey.
Worldcore offers a wide array of online financial services for businesses and consumers, including e-commerce purchases, bill payment, debit cards and international money transfers, with flexible account loading and payout options.
"From the earliest days of banking, security has always been a key aspect in the financial services world, but it has unfortunately been associated with an increasingly painful user experience," said Worldcore CEO Alex Nasonov. "Delivering a simple, intuitive experience for online financial services has always been central to our mission. With our new FaceKey authentication, based on BioID's advanced face recognition technology, we can extend this philosophy to user authentication."
Worldcore clients can enable face recognition in their account settings, through a quick process in which a few photos are captured. Face recognition can then be used for account access or to authorize payments and transfers.
"With its broad and flexible offering, Worldcore is a true innovator in the online financial services market, and we are pleased to help them continue to improve their services," said BioID CEO Ho Chang. "Face recognition represents an excellent combination of security and convenience that is ideally suited to online payments, providing the virtual-world equivalent of face-to-face transactions."

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