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Software Industry News

July 16, 2015

Alipay executive says biometrics will replace passwords within three years

At a presentation at the Digital Commerce Summit in Shanghai, Alipay VP Jason Lu predicted that biometric verification for mobile payments will eventually replace traditional passwords. Lu spent the large part of his presentation talking about the possibilities for biometric authentication via mobile devices, particularly in the cases of facial and fingerprint recognition technologies. He compared the two biometric methods, stating that unlike fingerprints, a user’s face was not as secretive. He asked the audience, hypothetically, “Nobody puts their fingerprints