FaceCash verifies identity with a photo

FaceCash is a mobile payment system that verifies the identify of the user in part by using a bar code that can be displayed on a smartphone or self-printed card for making purchases at participating merchant stores. When that bar code is scanned, the merchant is presented with the consumer's picture for verification.

Assuming it's a match, the transaction proceeds and the consumer's funds are transferred instantly to the merchant; both sides get an online record of everything bought or sold.

Consumers can exchange money with each other this way as well. FaceCash is part of the ThinkLink network, and merchants need only an internet-connected computer and a barcode scanner, optionally available from Think for as little as USD 39.99; to use the service, they pay just 1.5 percent per transaction. For consumers, the free FaceCash application is available for iPhone, Android and BlackBerry phones. Users of other models can access the service through a mobile web browser.

Mobile payment app verifies identity with a photo - Springwise