In recent years, facial recognition has become a widely used technology. Whether it is to unlock your phone or to authenticate a payment, it is a common practice. 

According to a study by Juniper Research, payments authorized by facial recognition will reach $1.2 trillion worldwide by 2027.

In this article, we will take a closer look at the evolution of payments made with facial recognition. We will discuss the pros and cons of this technology.

1. Advantages of facial recognition for payments

• Simplicity: Users don’t need to remember a PIN code or to have physical credit cards. Facial recognition makes the payment process simpler. These payments are extremely fast. This is an advantage for all users as transactions are much faster.

• Hygienic: Physical contact is reduced thanks to facial recognition payments and this is necessarily more hygienic.
• More security: Payments by facial recognition are more secure because they are based on unique biometric data. Someone can steal your PIN code, but it is much harder to fool facial recognition.

2. Challenges of facial recognition for payments

• Privacy protection: To use facial recognition, you must authorize the collection of certain biometric data. This can be a hindrance for some people. Facial recognition applies deep algorithms to analyze and store facial features. Those data are then compared to image databases to verify identity.

Click here if you want to know more about how facial recognition works.

• Accessibility: There may be issues for those who can’t use facial recognition, for example, disabled individuals.
• Daily changes: Sometimes people change things on their face, such as hair growth or putting on makeup that can potentially prevent facial recognition and thus reject the payment. However, research and development keep improving to overcome the issue.

To conclude, facial recognition is a technology that offers many advantages like simplicity, security, and speed. But you must also keep in mind some problems, such as the protection of your privacy or the question of accessibility for people with disabilities. We are confident that technology will keep improving to overcome these constraints.

Sources:

• Facial Recognition on the Rise to Verify Payments - EE Times
• Biometrically Authenticated Remote Mobile Payments to Reach $1.2 Trillion Globally by 2027