Chinese institute to develop facial recognition payment system by 2015

BEIJING – Chongqing Institute of Green and Intelligent Technology has announced that it is developing a facial recognition payment system in China whereby users can show a photo for authentication purposes while doing online transactions.

The system is under development at the moment and will come into application by 2015, China Daily reported. Under this system, users will be able to interlink their bank accounts or credit cards with facial data and make payments without any passwords.

The director said that the system underwent 1,000 tests and achieved 99.8 per cent accuracy. The system can also recognise lip reading while asking users to read an on-screen security code.

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Aaj Kal