RappiPay has announced a new strategic alliance with the National Registry to implement an identity verification mechanism: facial biometrics.
The joint objective is to reduce cases of fraud in the application.
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The idea is that the person’s face is automatically and digitally contrasted with the information held by the Registrar’s Office.
It should be noted that this process will be carried out automatically in a period of between 1 and 2 seconds, according to RappiPay.
He Company CEO, Gabriel Migowski In an interview with Portafolio, he mentioned that “this provides users with greater security and a better experience in all transactions made on the platform.”
During two years the company has worked together with the Registrar to replace manual verification, which requires a photo of the ID and other information. The idea is to simplify the payment and transaction processthat it is not necessary to have the ID on hand, but only face identification is required.
To the company, there are many risks of fraud in manual validation processes and impersonation that would be easily avoided with biometrics.
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“We want to eliminate the vulnerability of the counterfeit ID, now you will no longer need the ID”, Migowski stated.
RappiPay, according to its CEO, “It has one of the lowest fraud figures in the market, in general there are three cases a month, but our goal is that there is no case at all.”
According to what was stated by Migowski The two most common forms of fraud are transactional, which means that someone uses the data of a credit or debit card without the consent of the owner; and identity theft, which implies that someone steals a person’s data to make some kind of transaction. These two cases would be reduced with the support of facial biometrics.
In this sense, the company is finalizing the test pilot to make the new tool available to users. “At the moment there are two teams of experts building intelligent rules to prevent fraud, that is, discovering patterns to protect customers,” Migowski stated.
The idea is that the tool is available at the end of July, as confirmed by the company.
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