What are the advantages and disadvantages of facial recognition payment?

Advantages: 1. Three self-service checkout machines for face-swiping payment only require one cashier, saving more labor costs and greatly improving cashier efficiency; 2. Face-swiping payment is self-service, which can solve the problem of user queuing. The phenomenon of waiting for cashier; 3. No need for payment media; 4. Digital business assistant for merchants. Disadvantages: 1. Hardware support is required, so the equipment needs to be purchased; 2. Face-swiping payment related hardware is not suitable for all consumption scenarios; 3. The face is a biometric feature with weak privacy, and face-swiping payment, There are certain risks in facial recognition applications in the financial payment industry.

The operating environment of this tutorial: Windows 7 system, Dell G3 computer.

With the continuous development of the times, payment methods are constantly updated. In the past, we could only use cash to pay, but later we changed to scanning QR codes and now we have fully introduced facial recognition payment. This means that we no longer need to carry our mobile phones when we go out to buy something, which is more convenient and faster than before. So what are the advantages and disadvantages of facial recognition payment?

Advantages of face-based payment

1. Reduce labor costs for merchants

3 units The face-swiping payment self-service cashier equipment only requires one cashier, saving more labor costs and increasing cashier efficiency by 150%;

2. Avoid queuing and save time

Face-swiping payment is self-service, which can solve the problem of users queuing up and waiting for cashier;

3. No payment medium required

You must have a mobile phone to scan the QR code, and facial recognition payment, as the name suggests, your face is the payment code. It does not require using your mobile phone, making it simpler, more efficient and more convenient.

4. Merchant’s digital business assistant

Face-swiping payment can open the Alipay dual-platform mini program. After the payment is completed, the consumer will automatically become a member of the merchant. This function also supports one-click import of merchants’ original member data information, allowing merchants to implement limited-time flash sales, special price marketing and other activities to achieve stronger promotion and publicity effects, and accurately reach regular customers who have visited the store within 7 days.

Moreover, it can also help merchants build their own online malls, so that consumers can place orders online without leaving home, and can pick up orders by swiping their faces or scanning QR codes in the store. . A powerful digital management system can continuously attract traffic to merchants and increase repurchase rates.

Disadvantages of facial recognition payment

1. Facial recognition payment is different from QR code payment. It is supported by hardware. So equipment needs to be purchased.

Alipay and other devices require more than 1,000 yuan, so if you want to use facial recognition payment equipment, you need to consider the cost of the equipment.

2. The hardware related to facial recognition payment is not suitable for all consumption scenarios.

3. It is not safe and has certain risks.

Compared with fingerprints, iris, etc., the face is a biometric feature with weak privacy. Therefore, the threat posed by facial recognition payment technology to citizens’ privacy protection deserves special attention. Duan Weiwen, a researcher at the Institute of Philosophy of the Chinese Academy of Social Sciences, said: "Face images or videos are also data in a broad sense. If they are not properly kept and used reasonably, it will easily invade the user's privacy." Therefore, facial recognition payment and facial recognition applications are widely used There are still certain risks in the financial payment industry, so the situation of withdrawing money from the bank only by swiping your face without using a password has not yet been realized.

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