Finance giant Mastercard has announced that it has launched a new payment system that allows you to pay with just a smile or a wave.
As we prepare for a future where our fingerprints will replace our passwords, Mastercard, one of the world’s largest financial companies, taking it one step further made a statement. The company has announced its new system that will allow you to shop in markets without the need to use new technologies such as cards, cash or even NFC.
In markets that adopt technology with the said technology, customers can only using facial recognition data they will be able to do their shopping. Shopping, in which facial recognition technology comes to the fore, allows the customer not only to can be complemented by a smile or a wave.
The use of the new payment system starts this week
The new payment system will be made available as part of a pilot application by merchants that have signed an agreement with Mastercard. Of course, those who want to take advantage of this feature to use the feature customers will also need to register in the system. The facial recognition technology used in the feature will be developed by Japan-based NEC, Brazil-based Payface and California-based PopID.
Feature this week In the five big supermarkets in Brazil will start to be used. In the next stages, pilot tests of the feature will begin in regions such as Asia, the Middle East and Europe. On the other hand, the feature has already started some privacy issue discussions.
Features similar to Mastercard’s feature of making payments with face recognition were used in different countries in the past. Amazon, one of the leading companies in this regard, has launched the palm reader called Amazon One in the USA, but last August, US senators he was met with a backlash.
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