Dear MEL Topic Readers,
Why your face could be set to replace your bank card
How would you like to pay your bill, cash, check, card, phone, or face? In the past few years, pay-by-phone has become popular in many countries and overwhelmingly in China. It’s a matter of time as to when you start using one if you haven’t. Now, with advanced facial recognition technologies, you no longer need a phone or card with you for payments. Facial recognition payment might sound futuristic but it is already happening in China and has been rolled out in the US, too. You may worry about the security issue but the service providers say it’s safer than a password. In fact, photos are converted into mathematical maps of unique facial vectors so that outsiders can’t identify the person. Also, the accuracy is so high that even identical twins are recognized as different persons. Indeed, iPhone users seem to be happy with facial recognition and Apply Pay, it might not take so long to see this new payment method can be chosen at shops, restaurants, and e-commerce sites. Another contactless payment transaction under the coronavirus pandemic.
Enjoy reading the article and think if you can show the same smile for a ripoff or good deal.
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