"Face, paper, signature.. Face beats paper and signature every time" is the slogan of up and coming mobile payment app "FaceCash," which is currently testing their payment services in Subway restaurant locations in California. The app uses facial recognition to verify payment information alongside bank account information, but thats not all folks.. This app has the ability to split payments when necessary, track your purchases, and even possibly replace ID cards! Student IDs for starters. You can also store loyalty card #'s to reduce the amount of plastic you carry around. It is similar to the Starbucks App currently in use except it will store a picture of you so that the person accepting your payment may identify you.
If this program is successful it could lead to the beginning of drive's licenses being stored on your smartphone. There will almost be no need to carry around a wallet, making wallet manufactures upset but hey.. maybe they can integrate their businesses and start to create the cases to store and protect your smartphone?
I am interested in hearing the thoughts of others on this app. Do you see any other risks associated with this that is not seen using other payment apps?
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