September 2 - Chinese institute developing facial recognition system for online purchases
Article: Technology For A Global Monetary System
Researchers at the Chongqing Institute of Green and Intelligent Technology in China are currently developing a facial recognition payment system that enables users to authorize their online transactions by showing a photo of themselves, according to a report by IB Times.
According to researchers at Chongqing Institute, the system enables users to interlink their bank accounts or credit cards with facial data and make purchases without the use of any passwords or PINs.
