|New Facial Recognition Technology Launched by FACEBANX|
|Monday, 15 April 2013|
New technology company Facebanx has developed a new online facial recognition technology solution that will enable banks, payment processors and ID verification companies to dramatically reduce fraud and ID theft, and provide a key weapon in their battle with fraudsters.
Matthew Silverstone, CEO of Facebanx, said: “Our product has been specifically designed for the online payments industry and provides a unique solution for processors to share data to combat multiple acts of fraud. We are currently in discussions with a number of processing companies, banks and merchants as well as the insurance industry about adding our software to their CRM.”
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