No more burden of remembering PIN codes, safeguarding plastic money. Finnish's Uniqul facial recognition system allows us to use our face for making payments and related transactions.
How does it work?
Uniqul FR software uses bio-metric information of the user to recognize their face and links it to user bank account. The camera points called Qpoint are arranged near billing counters. They start their recognition process as soon as the customer starts walking towards it. It displays all the necessary information on the screen and awaits for user confirmation. All the user/customer need to do is to press "OK " to complete the transaction. Presently, this is worlds fastest payment system and it reduces average transaction time from 30 seconds to 5. To register, all you need is your credit card details. This process is positively expected to launch first in all big economies.
Recent studies from USA Today says 'any fast access system can be fooled by a user photograph'. But Uniqul FR software uses mathematical model of a face instead of photo image. In-case of ambiguity, it may ask for PIN. And data is protected by military grade algorithms. This software can accurately identify the minor differences between twins and even tested on plastic surgery look-a-likes. "Every face has unique mathematical model and everyone's face is unique, even twins and plastic surgery can't produce same model", they say. It can also distinguish persons face, live face and mask. So the system is near impossible to cheat.
It takes some time for outlets and users to enroll, adopt and execute the system. Technology, connectivity and convenience of the people plays a major in its market success.
Also watch their Ad in Youtube
Also watch their Ad in Youtube