I first encountered face recognition technology some 10 years ago when I bought my ASUS laptop. There was a option to log-in with facial recognition, but I must admit that efficiency was not at a high level. I completely forgot about it until such an option appeared on smartphones, but I never use it since I have fingerprint reader and password, which I find much more secure protection for my device.
This type of payment is certainly interesting, user just need to link their photo to bank account, and after that there is no need to carry cash, cards or remember PINs. But what interests me is how accurate that system is, can it happen that two very similar people swap identities, what about identical twins?
Perhaps as additional protection this smile to pay should have fingerprint reader. This would be just extra security, and users still wouldn’t have to carry any cards or remember PIN.
Topic: Smile-to-pay - facial payment technology in China - page 4. (Read 622 times)
I reckon many people have seen the latest “Smile-to-Pay” facial payment technology that are introduced in China. Large companies like, Tencent is using this in their popular WeChat app and other companies like Alipay are spending millions to develop their own technology like this.
https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technology
So, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique.
Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin?
The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face.
Let's discuss.
https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technology
So, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique.
Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin?
The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face.
Let's discuss.
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