Thursday, July 25, 2013

World's first face recognition payment system - Uniqul

World's first face recognition payment system - Uniqul


Uniqul is the world’s first face recognition payment system. It enables customers to pay without having a wallet, card or mobile phone.

As per the company , they are using military grade algorithms to make sure that the security of the system is impeccable where your credit card information is stored for payment processing.

The whole transaction will be done in less than 5 seconds.

Uniqul gives merchants the chance to know its customers – leading to a more personalized and enjoyable shopping experience.

As for the pricing of Uniqul product,the individual users will be paying a monthly subscription fee as follows: As most people mainly visit shops near their work and home Uniqul decided to set the first fee level, 0.99€, to a 1-2 km radius from an user chosen point. Radius is dependent on the number of Uniqul terminals within the area. The next level, 1.99€, covers a specified city and is perfect for users who live and work within the same city, but want to use Uniqul in a wider area. The third level, 2.99€, covers a city and nearby suburbs, and is ideal for commuters who want the shopping convenience of Uniqul both when grocery shopping close to home and when buying lunch at work. The last level, 6.99€, is targeted towards frequent travellers who want total freedom from their wallet, and covers worldwide use of Uniqul.

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