7-Eleven's Trial Store in Tokyo Accepts Facial Recognition Payments
Laura McQuarrie — December 22, 2018 — Business
References: sej.co.jp & mainichi.jp
7-Eleven launched a trial store in Tokyo that introduces consumers to a self-checkout system and the opportunity to take advantage of a facial recognition payment system.
The new trial shop features technology developed by NEC Corp. and is situated in the same building that houses the NEC Group. Thousands of NEC Group employees are able to use the shop, as long as they have their photo registered in the system. To take the stress out of shopping, an employee is able to seamlessly cash out and have the amount owing automatically deducted from their salary.
As well as offering greater convenience to shoppers, this system serves as an exploration of a cost-saving measure that could see more convenience stores accepting cashless payments in the years to come.
The new trial shop features technology developed by NEC Corp. and is situated in the same building that houses the NEC Group. Thousands of NEC Group employees are able to use the shop, as long as they have their photo registered in the system. To take the stress out of shopping, an employee is able to seamlessly cash out and have the amount owing automatically deducted from their salary.
As well as offering greater convenience to shoppers, this system serves as an exploration of a cost-saving measure that could see more convenience stores accepting cashless payments in the years to come.
Trend Themes
1. Facial Recognition Payments - Facial recognition technology may spread to other convenience stores, creating new cashless payment options and increased convenience for customers.
2. Self-checkout Systems - More retailers may embrace self-checkout systems to reduce labor costs and improve efficiency.
3. Automation - Advances in automation technology could revolutionize the retail industry, reducing the need for human assistance and speeding up transactions.
Industry Implications
1. Retail - The retail industry could benefit from the implementation of self-checkout systems and other automated technologies.
2. Technology - Developers of facial recognition and other payment technologies have an opportunity to create more convenient, innovative solutions.
3. Finance - Facial recognition payments could prompt changes in the way that financial institutions handle transactions, leading to faster, more secure payment processing.
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