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Introducing Facial Verification to Prevent Payment Processing Fraud



It is no doubt how the rise of technology is attributed to the rise in smart solutions. As the world moves towards a more digital and information-centric approach. More and more activities of our daily lives are affected by this technological phenomenon and carried out through it. One such activity seeing global adoption at an alarming rate is Payments.

Payments are now more digital than they ever were since the previous decade. Thanks to the global rise in online businesses and the digital banking landscape that facilitate electronic and digital payments. Despite the advancement in technology, the simultaneous rise in cyber fraud has also affected the payment landscape. Institutions are constantly innovating and developing new ways to legitimize processing and eliminate the risks.

Background into Processing Fraud

Since the rise of technology and the digital mobile banking landscape. More people have shifted towards digital transactions from cash-based payments. This shift is not only due to the development of technology but also from the wave of adoption to such technologies, that automate and streamline key payment processing activities. More people are digital and banks and financial institutions have not taken the requisite steps to effectively increase their security mechanisms. Where consumer awareness of security features and cyber fraud is also low.

With over 16 million people affected by fraud in 2017, according to a report by Experian. Fraud is not likely to lessen, especially for individuals and merchants who becomes the primary victims. All due to the lack of implementation of crucial measures that mitigate the risk of Identity and Document Fraud. 



Greater Transparency in Payment processing through Facial Verification

The current payment processing carried out my most merchants today are not protected by adequate fraud preventive measures. That mitigates the risk associated with identity and document fraud. Establishing a vetting process at registration or authentication can reduce the likelihood of dubious actors to gain access into a platform and carry out fraudulent purchases through pre-held stolen information.

One area often overlooked is payment processing, where no measures are in place to eliminate payment fraud at that last stage. Incorporating facial verification just before payment processing as a means to validate the identity of the user already logged in can additionally reduce fraud. Even if a bad actor has entered into the system once in the beginning, Facial Verification with spoof detection measures through greater user interaction can eliminate the bad actor out. Stopping that transaction from taking place, that would subsequently be fraudulent and become the start of a long fight with the bank and merchant in discussions and charge back claims. Even if is not considered for widespread online use, facial verification can be applied on the purchase of specific category of items(age-sensitive, weapons) or when different payment options (Credit Card, Crypto) are provided. To validate through facial evidence whether the person performing such activities is willingly in control or not.


Payment fraud is on the rise as more people adopt online banking and perform digital transactions. In order to ensure added fraud prevention, facial verification with spoof detection should be applied before payment processing. Where fraudulent actors would be discouraged to undergo facial validity on such platforms.

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