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Tianjin Optoelectronics Group (State-owned 754 Factory)
Tianjin Optoelectronics Anchen Information Technology Co., Ltd.

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Can you pay with "eye"? Wallet is about to retire

2018-12-07


Article source: People's Network

According to Beijing Daily, on July 21, 2016, the Internet Finance Identity Authentication Alliance (IFAA) annual conference announced a new identity verification method-iris recognition. The same biometric technology, compared with facial recognition and fingerprint recognition, iris recognition has higher security and convenience.
Why pay with biometrics?

We have stayed for too long in the era of cryptographic payments, and wallets are always full of various cards. Even now, there are not many people going out with cash, neither convenient nor secure. Biometrics opens a new door for mobile payments. The so-called biometrics is the use of computer technology in combination with the principles of sensors and biometrics to identify individuals. Some physiological characteristics of a person are unique. Therefore, compared with other recognition methods, biometrics has a clear advantage in accuracy, and this accuracy also meets the most important requirement of mobile payment-security.

Is there anything special about iris recognition?

According to IFAA member Ma Li, the iris is a ring-shaped portion between the black pupil of the eye and the white sclera. It has uniqueness, stability, non-invasiveness and anti-counterfeiting. The iris recognition technology does not require people to contact the recognition machine. It also does not require any documents other than iris, which is the most secure identification method in biometrics.

At present, some electronics companies have begun to produce products that support iris recognition, such as mobile phones that support iris recognition, and access control. Of course, as the "newcomer" of the future payment market, iris payment will surely attract wide attention from various enterprises, and offline products produced according to this concept will also bring greater convenience to our lives, such as When you make a payment, you can easily complete the payment by pointing your eyes at the lens. Once the ATM machine is equipped with this technology, the transaction process will be more secure. You can easily complete the shopping experience by swiping the "eye" when shopping online.

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