Business

Mastercard Testing Facial Recognition Security App

(BBC) – Mastercard is testing a smartphone app that uses facial recognition to verify online purchases. Users in the trial can hold their phone up as though taking a selfie to approve transactions. “The new generation, which is into selfies… I think they’ll find it Read More

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Business

U.S. Consumer Credit Up, But Credit Card Usage Down

(Reuters) – U.S. consumer credit rose more than expected in August, but a third straight month of decline in credit card usage was consistent with recent tepid consumer spending. Total consumer credit advanced by $13.63 billion to $3.04 trillion, Federal Reserve data showed on Monday. Read More