JPMorgan Chase To Launch Biometric Payments Next Year, Enabling ‘Pay With Your Face’ Shopping

JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses. The banking giant is preparing a “broad rollout” of an authentication system that will allow retail shoppers to pay with their face or palm next year, reports American Banker. The system is the result of two pilot projects with the California-based biometrics company PopID. JPMorgan, which already provides point-of-sale solutions to merchants, says it ran pilot tests for the system at brick-and-mortar stores in the US as well as internally at an office cafeteria. Jean-Marc Thienpont, head of omnichannel and biometric solutions at JPMorgan Payments, says…