IsItYou says it has developed a new facial recognition technology, which is both very accurate and virtually spoof-proof. Its founder Benjamin Levy says the system registers just one in 100,000 incorrect matches - a low enough level, he believes, to convince some banks and other financial institutions to adopt the system as early as next year. The service is groundbreaking in its attempt to use facial recognition as an authentication method for payments. While Google and others already use facial recognition to let smartphone users access their handsets from the lock screen, the Android software developer has stressed that it is not as secure as other methods.

http://www.bbc.com/news/technology-29997353