Soon, pay for your shopping by ‘face value’

Jul 21, 2013

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Bank cards are already being replaced by phones and wristbands that have payment technology built-in but the latest threat to the lowly plastic in your pocket could be your face.
A Finnish startup called Uniqul has launched what it calls the first-ever payment platform based on facial recognition. The system doesn’t require a wallet, bank card or phone — inste-ad a camera is positioned at the checkout and takes a photo of a shopper’s face when they’re ready to pay.
It then scans a database for the face and matches it to stored payment details in order to complete the transaction.Uniqul claims that the technology is securely protected by “military grade algorithms” capable of identifying even the smallest of distinguis-hing features of identical twins, for example.
“The whole transaction will be done in less than 5 seconds, the time it usually takes you to pull out your wallet,” the company explained.

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