No more swiping credit cards to make payments! A new technology that allows customers to use their face (facial features) instead of swiping a credit card to purchase goods has been developed by a Finnish company.
The technology provided by Uniqul,works by recognising the customer’s face and then linking it to the individual’s bank account.
So instead of swiping a credit card to purchase goods,the customer gazes into a camera.
Uniqul claims its service is secured with military-grade algorithms,’The Australian’ reported.
Uniqul’s Ruslan Pisarenko said the technology – which is due to roll out next month – has the ability for transactions to be completed instantly and can even distinguish between identical twins,’News Limited Network’ reported.
According to Pisarenko,”the face is a PIN and it’s more like a complete way to identify a person.”
“But in some cases where the system is not 100 per cent accurate,it will ask a person to input their PIN as security,” he said.
There is no payment card involved,nor is a mobile or wallet needed.
Customers sign up to the technology by registering their identification and bank details.
Once the items are scanned through the customers’ details will flash up on a screen and they click “OK” to confirm the transaction.