Payments News » Facial recognition

Using Smartphones to Pay? That’s So Yesterday in China

June 11 2019

in
Facial recognition

“Chinese technology giants have leapfrogged U.S. companies in popularizing mobile payments. Now, they are trying to get people to bypass their smartphones and make payments by simply looking into screens. Ant Financial Services Group and Tencent Holdings Ltd. TCEHY 1.47% , rivals that operate, respectively, Alipay and WeChat Pay, China’s two largest mobile-payments networks, are competing […]

Security

In China, QR Codes Are Being Replaced by Face Scans for Payments

August 5 2019

“In different cities around China, merchants from supermarkets to bakeries have adopted facial recognition payments technology from Alibaba-affiliated Ant Financial and Tencent’s WeChat Pay to make the payments process as frictionless as possible. Alibaba owns the South China Morning Post. Why? Because face recognition technology brings the next step in payments convenience for consumers and also […]

Security

NSW Looks to Facial Recognition As Opal Card Alternative

July 11 2019

“NSW transport minister Andrew Constance has raised the prospect of Sydney commuters one day ditching their physical Opal card and paying for public transport using just their face. In a speech to the Sydney Institute on Tuesday night, Constance said “frictionless transport payments” would become available on the public transport network “in the not too […]

Security

China’s Alipay Adds Sought-after Beauty Filters to Face-scan Payments

July 3 2019

in
Facial recognition

“The new feature was created to address complaints that facial recognition machines make people look ugly. A new poll (in Chinese) ran by news portal Sina Technology showed that more than 60% of respondents think they look uglier through the next-gen payments method than on a regular camera. This could be a real concern for […]

Security

Face-scanning Metro Check-in and Payment Launched in Central China – Xinhua | English.news.cn

October 2 2019

“Zhengzhou Metro in central China’s Henan Province has ushered in the face-scanning era, as a new check-in and payment system based on facial recognition was launched on Friday. System construction was completed on Aug. 31 and started a trial run for passengers on the same day in all stations along Zhengzhou Metro Line 1, the […]

Security

Pay With Your Face System Coming to Canada, but Not Everyone Is on Board

November 1 2019

in
Facial recognition

“China has among the fastest rates of adoptions when it comes to non-cash payments. According to a 2018 McKinsey report, 40 per cent of in-person spending in China was through mobile digital wallets. The report said that China alone will generate half a trillion dollars in net new annual payment revenue by 2022. However, the […]

Security

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

December 16 2019

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds […]

Security

Osaka Metro Unveils Ticket Gate With Facial Recognition Tech | The Japan Times

December 12 2019

“Osaka Metro Co. on Tuesday started testing a next-generation automated ticket gate featuring a facial recognition system. The subway operator aims to introduce the gates at all of its train stations by fiscal 2024, ahead of the 2025 World Expo in the city of Osaka. The test involves around 1,200 Osaka Metro employees. According […]

Security

Nets Launches Facial Recognition Pilot in Copenhagen Office Park

December 9 2019

in
Facial recognition

“Nets, a European digital payments firm, is launching a trial of facial recognition for payments for up to 1,000 office workers in Copenhagen. The program will allow up to 1,000 people working at 25 companies at an office community in Vibenshushet to link their face to an employee ID card and pay for their lunch at […]

Regulation

China Publishes Face Recognition Payments Guidelines

January 24 2020

in
Facial recognition

“The Payment & Clearing Association of China (PCAC) has published a set of guidelines that regulate how payments providers making use of face recognition to process payments at the point of sale (POS) should manage the protection of consumer data. The guidelines “cover user consent and the collection, storage and use of facial data,” Regulation […]