The New Retail: Cash or Face Scan? Is This Safe?
Retailers, anxious to speed up checkout lineups tend to brush off privacy and security concerns about payment by face recognitionThe new face of retail is yours, according to a latest trend — paying with your face via biometric scanning. Russia’s largest food retailer, X5 Retail Group, in partnership with VISA and Sber (a bank), is introducing payment via facial recognition (face scanning) at the checkout counters of supermarkets and convenience stores. The trial at 52 stores succeeded well enough that the firm hopes to institute “facepay” (?) at 3000 stores. It works, at least technically, because we are more unique than we think: With the huge rise in digital wallets, biometrics – face or hand recognition – has started to become more popular as the safest means of protecting customers from identity fraud. Because nobody can replicate or guess Read More ›