X5's Self-Checkouts Lets Customers Pay with Face Recognition
Laura McQuarrie — March 13, 2021 — Business
References: nfcw
Russian food retail group X5’s Perekrestok supermarkets are now allowing customers to pay for their purchases at X5 self-checkouts with 3D face recognition technology. Created as a contactless solution to help shoppers Pay with a Glance, Sberbank customers can now register for and link a payment card via the Sberbank Online mobile app.
A smartphone or a bank card are usually required for checking out of a store but neither is needed thanks to this biometric payment solution. With a 3D camera, the solution boasts a high degree of security, accuracy and depth detection.
According to X5, "It takes only a few seconds to pay with a glance, and the service is comparable to a regular bank card transaction in terms of speed."
A smartphone or a bank card are usually required for checking out of a store but neither is needed thanks to this biometric payment solution. With a 3D camera, the solution boasts a high degree of security, accuracy and depth detection.
According to X5, "It takes only a few seconds to pay with a glance, and the service is comparable to a regular bank card transaction in terms of speed."
Trend Themes
1. Contactless Payment Technology - The rise of contactless payment technology and biometrics is disrupting traditional checkout processes and providing safer, faster, and more convenient payment solutions.
2. Self-checkout Systems - Self-checkout systems are becoming increasingly popular in retail and providing more efficient, user-friendly experiences for customers.
3. Mobile Application Payment Integration - The integration of payment systems into mobile applications is revolutionizing the way people pay for goods and services.
Industry Implications
1. Retail Industry - The retail industry is being transformed by contactless payment technology, providing consumers with faster and more convenient checkout experiences and reducing overhead costs for retailers.
2. Banking Industry - The banking industry is being impacted by the integration of payment systems into mobile applications, allowing for easy and secure mobile payments and disrupting traditional banking channels.
3. Technology Industry - The technology industry is driving innovation in contactless payment technologies, working to provide more secure and efficient solutions for businesses and consumers alike.
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