China Develops Facial Recognition Payment System with Near-Perfect Accuracy
Sep 10, 2014
In an intent to move one step forward from others, China is planning to launch a facial recognition payment application with near-perfect accuracy that enables users to authorize their online transactions just by showing a picture of themselves. Chinese researchers from the Chongqing-based research institute have developed a facial recognition system that can pick faces from a crowd with 99.8 percent accuracy from 91 angles. CHINA FACE-RECOGNITION PAYMENT SYSTEM TO LAUNCH IN 2015 Academic at the Chongqing Institute of Green has set up the world's biggest Asian face database displaying more than 50 million Chinese faces. The database was compiled with help from the University of Illinois and the National University of Singapore. The face-recognition payment system is not completely developed at the moment and will come into application by the Chinese Academy of Science (CAS) in 2015. This system will let users to interlink their bank accounts or credit cards with ...
