VeriTrans, NEC test biometric facial recognition payments at stores in Japan
VeriTrans has partnered with NEC Corporation to deliver a biometric facial recognition solution for cashless payments initiated by Seven-Eleven Japan at “Seven-Eleven Kojimachi Ekimae Store” as of March 16, 2020.
The proof of concept integrates NEC’s facial recognition payment solution with the credit card payment service developed by VeriTrans. The goal of the project is to determine if facial recognition payments can improve shopping experiences by lowering stress levels and optimizing convenience, according to the announcement. For now, the pilot is tested on store employees who will have to register their facial biometrics, credit card data and confirmation code in advance with an app. At self-checkout, the facial information and confirmation code are used for two-factor authentication, while the credit card information is used for the payment.
VeriTrans delivers cashless facial recognition payments, including credit card payment and its “One-click continual charge function” through user IDs. The “One-click continual charge function” supports multiple payments, including biometric payments, barcode payments through smartphone apps, e-commerce purchases, regular online shopping purchases and monthly memberships.
VeriTrans4G is a credit card payment service that offers not only basic payments such as credit cards, retail transactions at convenience stores, and bank payments, it also enables electronic money, carrier payments, digital wallets, and international payments. The service supports continual charges and card information updates, prevents fraud and provides enhanced security by not storing credit card information, the company says. VeriTrans4G can be deployed for physical stores, omnichannel programs and e-commerce.
Future plans include introducing a variety of in-person payment solutions and biometric settlement options in Japan to establish a cashless society, in line with the Ministry of Economy, Trade and Industry’s goal to meet a payment ratio of 40 percent by 2025.
NEC and Seven-Eleven Japan have been working together on retail payments with facial recognition for over a year.
Experts from NEC recently joined FaceFirst, IBIA, Identity Strategy Partners and DHS in discussion with Biometric Update for a feature article on lobbying for responsible facial recognition regulation.