Finish Firm Launches Facial Recognition Payment Terminals

 Wednesday, 21 August 2013

 Payment Technology,Prepaid News

Facial Recognition Payments, Facial Recognition Terminal

Uniqul, a technology start-up from Finland, has launched a tablet-based facial recognition payment platform, making it the first of its kind anywhere in the world.

The company, who claim that their patent pending technology is protected by what they call “military grade algorithms”, have already started taking registrations by customers, ahead of the introduction of their terminals in Helsinki which is set to take place shortly.

Uniqul’s facial recognition will allow consumers to pay for shopping or services once they have registered with the firm simply by standing in front of the terminal, looking into the camera and pressing “OK”, making payments far simpler and quicker than with other POS terminals.

“In the background our algorithms are processing your biometrical data to find your account in our database as you are approaching the cashier. The whole transaction will be done in less than 5 seconds – the time it usually takes you to pull out your wallet” said Uniqul in a recent press release.

Customers can register with all major credit, debit and prepaid cards, as well as by linking online payment accounts such as PayPal, as a payment source for their Uniqul account, and will carry a subscription fee of €0.99 for use locally, €1.99 for use city-wide or €2.99 a month to access all of Uniqul’s terminals.

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