Facial recognition company VisionLabs has unveiled a payments terminal that lets shoppers make payments with a look, according to Finextra. The VisionLabs Luna POS terminal supports both normal card transactions and biometric facial recognition payments.
For a biometric transaction, the terminal scans the customer’s face and sends the template to the payment service provider or bank for identification. An algorithm identifies whether the customer is who they say they are before authorising the payment. The facial data is not saved.
Anton Nazarkin, global business development director, VisionLabs, says: „With the Luna POS, we pushed ourselves to the limit in designing a unit that not only meets our strict requirements as a best-in-class facial recognition solutions vendor but also implements the highest security standards that exist in the payments industry.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: