Don't have case or forgot cash at home No Problem - You can Pay with your Face.
So you have paid via an App , maybe even with your fingerprint, But have you ever paid with your Face ? Yes Face.....
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We live in a time where financial system have been overtaken by technology. face-detecting systems in China now authorize payments, provide access to facilities and track down criminals other countries follow.
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Chinese internet or AI based Startup Megvii , short of Mega Visition, is a knowledge-intensive enterprise focusing on independent research and development of AI, provide the face-detecting system in China, the founder of Megvii , Wenbin Tang CEO of Magvii and Qi Yin President of Megvii, develope there face-detecting app called Face++ , the system is based on Ant financials digital payment platform , Alipay which has more than half a billion users worldwide and already allows people to Sign in into there chinese app using their Face.
" Ant says the KFC restaurant is the World's first physical store in the World to use facial recognition Software to take Payments. "
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| Face++ developed by Megvii Inc. |
Face++ ( 99 % accurate ) -:
The Face++ Software can identify faces with 99% accuracy , This app ( face++ ) developed by Megvii Inc. , Beijing, China , launched nearly Five Years age, Since than number of improvements added to it , One of the most important of them is moving head to completely new platform with computer vision algorithms at it's core.
What else Face++ can do -:
The Face++ can verify ID , Face++ can do other things analysis of Age, Race , Face Comparison , Gender detection and Identification of Emotional Expressions , All of that just based on a single photo.
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How They Earn -:
The Face++ startup has a partnership with several commercial banks : Ant financial and a Subsidiary of Alibaba , many people already use Alipay to make their online Payments.
Here is How it Works -:
When the user upload their Photos to the System, it Integrate Biometric Data and tracks up to 83 different key points on the face from various angles at the same time identity verification happens immediately with an extremely high accuracy , This technology is used in Alipay's " Smile to Pay " application .
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What about other's in China -:
One such company is Baidu . which operates China's most popular Search Engine , along with other services Baidu researchers have published papers showing that their Software Rivals most humans in it's ability to recognize a face ,
Now Baidu is developing a system that let's people Pick up Rail Ticket by showing their face , The company is already working with the government of Wuzhen, a historic tourist destination , to provide access to many of it's attractions without a Ticket , This involves Scanning Tens of thousands of faces in a Database to find a match, which Baidu says : it can do with 99% accuracy.
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" The face recognition market is huge , my heads lab not far from the office of Face++ , when I arrived my students were working away furiously in a dozen or so cubicles , In China security is very important and we also have lot's of people and lot's of companies are working on it "
Shiliang Zhang , Assistant Professor at Peking University
Related Keys -:
* Face++
* Alipay
* Baidu
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