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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
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Amazon Is Trying to Patent Paying With a Selfie

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Leena Rao
Leena Rao
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By
Leena Rao
Leena Rao
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March 14, 2016, 4:50 PM ET
Photograph by Julian Finney — Getty Images
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Amazon is looking to patent the ability to authenticate a payment using a selfie, according to a newly-filed patent. First spotted by technology news site Re/code, the patent outlines how an Amazon shopper would authorize a purchase using a photo of oneself instead of a password.

Selfie pay is designed to ease the process of verifying transactions as consumers make more purchases online and via mobile devices. It’s also thought to be more secure that punching in a password or PIN.

As Amazon explains in the filing, facial recognition is more secure than entering passwords, which can be stolen. Entering long passwords, the company says, can also be cumbersome on mobile devices. Instead, Amazon suggests “a computing device might capture an image of a user and analyze that image to attempt to recognize the user using facial recognition software.”

For more about Amazon, watch:

Amazon isn’t the first company to be experimenting with “pay by selfie” technology. MasterCard began testing its facial recognition capabilities in 2015. When making a purchase online from a merchant requiring identity verification, cardholders can authorize transactions by holding up smartphone cameras while as if taking selfies and blinking.

USAA, a financial services organization for U.S. military members and their families, also started utilizing selfies as logins last year, while Chinese e-commerce giant Alibaba is working on a facial recognition service that would let customers pay for purchases just by looking at a screen.

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