Facial recognition payment system launched

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Offline arefin

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Facial recognition payment system launched
« on: July 23, 2013, 10:52:20 AM »
A Finnish startup called Uniqul has launched what it calls the first ever payment platform based on facial recognition, reports Daily Mail.
 


The system doesn’t require a wallet, bank card or phone - instead a camera is positioned at the checkout and takes a photo of a shopper's face when they are ready to pay.
 
It then scans a database for the face and matches it to stored payment details in order to complete the transaction.
 
Uniqul claims that the technology is securely protected by 'military grade algorithms' capable of identifying even the smallest of distinguishing features of identical twins, for example.
 
A spokesman said: 'In the background our algorithms are processing your biometrical data to find your account in our database as you are approaching the cashier.
 
'The whole transaction will be done in less than 5 seconds – the time it usually takes you to pull out your wallet., explains a press release from the company.
 
The system is being trialled in Helsinki and customer registrations have already opened.

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Offline anirban

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Re: Facial recognition payment system launched
« Reply #1 on: August 04, 2013, 01:23:57 AM »
The advancement of technology makes life easier day by day.
Shikha Anirban
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Dept. of SWE, FSIT
Daffodil International University