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Actionable news in MA: MASTERCARD INCORPORATED,

Could a Selfie Replace Cash or Credit?

The payments space is moving further and further away from cold hard cash.

Major companies like MasterCard (MA - Get Report) have apps that allow users to pay for things by taking a selfie.

"Your phone has not only your payment credentials securely stored, but it also has a camera built in," said Jason Oxman, CEO of the Electronic Transactions Association, based in Washington. "Rather than authenticating yourself using something that's 50 or 60 years old like a PIN, you can take a picture of yourself."

As technology evolves, consumers have become increasingly concerned about the security of mobile...


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