How Biometric Payment Boost Banking Business Optimization

 With people squint towards contactless payment and concern on financial security issues, biometric technology is gradually applied in the banking business. Biometric payments could contribute $5 billion to global banking revenues by 2026, UBS analyst reported.


Biometric facial Payment terminal Banking Business

There is no doubt that safe and accurate are the basic standards for bank businesses. Thanks to the in-depth development of face recognition technology, facial recognition system and biometric payment like biometric facial payment can play a significant role in enhancing the security and convenience of the banking business and even boost its optimization and promotion.

 

How does biometric payment improve the banking business?

 

In the past, people used to carry their ID cards, take a long queuing and fill in a series of forms to apply business in the bank. It takes bank staff a long time to confirm individual information by human comparison and then process applier business, resulting in low working efficiency, error-prone and huge complaint.

 

Nowadays, bank staff can use the face payment terminal to capture and extract the applier’s face image, upload and compare it with the database within seconds. After validation, they can immediately conduct operation procedures with extreme accuracy.

 

Option of biometric facial payment terminal

 

Take Telpo's latest biometric facial payment terminal C9 as an example. In virtue of its financial level 3D structured light camera, face recognition would take just seconds with up to 99.5% accuracy, while minutes will be taken and error may happen when identifying individual identification by naked eyes. As the facial feature is unique, thus identification verification efficiency and accuracy would be greatly assured and improved.


Biometric facial Payment terminal Banking Business C9


Considering people's different payment habits, the face payment terminal C9 supports secure encryption PIN, IC/NFC module, and QR Code professional hard decoding. The applier can create or enter the password through the device, and make transactions by face payment, IC/NFC payment, or QR code payment. Financial certification such as EMV/PCI/ PayWave/ PayPass further guarantees financial transaction security.

 

Combining financial certification with face recognition technology, Telpo biometric facial payment terminal C9 is one of the indispensable security transaction equipment for banks to ensure the quality of financial services and promote digital transformation.

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