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,
Visa Inc. And MasterCard have announced an agreement to license their respective common US debit solutions to each other in a collaboration that is designed to best streamline US chip debit transactions through a number of unaffiliated networks.
Chris McWilton, president for the North America region at MasterCard said of the move that "This represents our continued commitment to advance the adoption of the most advanced payment solutions and security standards in order to deliver maximum value to merchants,
Consumers in France have just completed the first trial of next generation POS payment security – finger print verification.
The pilot scheme, which took place over six months, allowed card holders to forgo providing a PIN code when paying for purchases with their credit, debit or prepaid cards, and instead provide a finger print to prove their identity.
It took place primarily in supermarkets and has proved to be a success,