Recently, CCTV's "Weekly Quality Report" reported that with the widespread application of mobile internet, more and more people are using mobile payments for financial matters, but the resulting payment security issues are gradually being exposed. Criminals use malicious QR code scanning and fake base stations to send fake bank customer service text messages, tricking users into installing Trojan programs, leaking sensitive information, and ultimately stealing assets from users' online accounts.
 
  Regarding mobile payment security, industry insiders pointed out: "2014 was the first year of mobile payment security. Mobile viruses, Trojans, telecom fraud, and phishing attacks are on the verge of exploding, seriously threatening the security of users' payment information and assets."
 
  Apple and Alibaba, always at the forefront of the industry, have both sensed this business opportunity. Their ambitions are evident from the acquisition of Apple's iPhone 5s and Hang Seng Bank. It is said that at the iPhone 6 launch event this June, Apple will emphasize its new fingerprint recognition technology. Previously, there were rumors that the new fingerprint technology came from a domestic fingerprint recognition company, and its latest technology could perfectly compensate for the shortcomings of the iPhone 5s.
 
  This technology has successfully extracted and fused local fingerprint detail features and global texture features, solving the problem of traditional fingerprint algorithms failing to collect fingerprints in industries such as public security, finance, social security, and education due to factors like peeling skin, injuries, or calluses on the hands of certain individuals. Furthermore, compared to traditional fingerprint algorithms, this algorithm contains more information per unit area, making it more suitable for fingerprint recognition and comparison using small-sized sensors, and significantly reducing EER, FAR, and FRR. Registration is simple and fast, and it also includes image compression, encryption, and template self-learning functions. More importantly, this technology allows users to continuously and intelligently optimize the user experience during use, effectively overcoming the limitations of fingerprint verification on the Apple 5s.
 
  With the guarantee of the latest technology, mobile fingerprint payment is poised for rapid development. Looking back at Alibaba's acquisition of Hang Seng last month, it's easy to see that one of its key moves was indeed aimed at Hang Seng's fingerprint recognition subsidiary. Thus, both giants have made thorough preparations for mobile fingerprint payment. As consumers, we only need to adapt to the trend and change our payment methods to enjoy a more convenient and secure life!