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

CaixaBank, the world’s first bank to use facial recognition to withdraw cash at ATMs

February 14 2019

“CaixaBank has become the world’s first financial institution to offer its customers the ability to use facial recognition to withdraw cash from ATMs, without having to enter their PIN. The company, with Jordi Gual as Chairman and Gonzalo Gortázar as CEO, presented the system today in Barcelona, in an act that entails the commercial launch of the service for […]

Security

With Facial Recognition, Shoplifting May Get You Banned in Places You’ve Never Been

March 21 2019

in
Facial recognition

“One mistake could mean never being able to shop again. Facial recognition: Your face, your passwordThis is part of a CNET special report exploring the benefits and pitfalls of facial recognition. While that may be good news for shopkeepers, it raises concerns about potential overreach. It’s just one example of how facial recognition straddles the […]

Security

Facial Recognition’s ‘Dirty Little Secret’: Social Media Photos Used Without Consent

March 20 2019

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Facial recognition

“As the algorithms get more advanced — meaning they are better able to identify women and people of color, a task they have historically struggled with — legal experts and civil rights advocates are sounding the alarm on researchers’ use of photos of ordinary people. These people’s faces are being used without their consent, in […]

Security

China’s first facial recognition payment-based shopping street opens in Wenzhou

January 18 2019

in
Facial recognition

“A historical shopping street in Wenzhou City, Zhejiang Province, has become the first in China to extensively apply facial recognition in making payments. The government in Wenzhou, a city known as the country’s cradle for private entrepreneurship, has joined with Ant Financial, operator of China’s biggest online payment platform Alipay, and e-commerce giant Alibaba through an […]

Security

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

July 3 2019

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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

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

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 […]