CUBIC is a San Diego-based technology company that's attempting to develop a "fastrack gateless gateline" that would enable commuters to pay for train tickets via facial recognition payment technology.
The system will scan people's faces as they walk through a gate, while a paired smartphone app enables a seamlessly cashless transaction. An expected 65 to 75 people could walk through the gate per minute, minimizing long lines caused by patrons waiting to purchase physical tickets. If the technology scans a face which does not exist in the system, a red light will flash, alerting officials of the scamming attempt.
This technology would improve efficiency and functionality among various transportation systems, while eliminating the prevalence of individuals sneaking on trains without paying for a ticket.
Facial Recognition Subway Payments
CUBIC is Trialing is Facial Recognition Payment Technology
Trend Themes
1. Facial Recognition Payments - The use of facial recognition technology for seamless and cashless transactions is a disruptive innovation opportunity.
2. Gateless Gatelines - The development of fastrack gateless gatelines can revolutionize the efficiency and functionality of transportation systems.
3. Fraud Detection - Implementing facial recognition technology for fraud detection purposes creates opportunities for better security and accountability.
Industry Implications
1. Transportation - The transportation industry can benefit from adopting facial recognition payments and gateless gatelines for improved customer experience and efficiency.
2. Payment Technology - The payment technology industry can capitalize on the rising demand for facial recognition payment systems in various sectors.
3. Security - The security industry can leverage facial recognition technology for fraud detection and prevention in a wide range of applications.