In the last two months, Moscow subway is testing a face recognition payment system and a UK bank is testing credit cards that use biometric fingerprints to verify transactions. The similarity of these two cases consists of the latest technology they embrace, that is, the biometric technology.
The biometric technology generally refers to the use of technology to identify a person based on some aspect of their biology, including fingerprint, face, and iris.
You may wonder the reason why the government and the company both adopt biometric technology in payment and even curious about the advancement of it.
Honestly speaking, the last few years have seen a step-change in the way people pay for things, particularly in Asia. Paying with face or fingerprint is no longer a surprising thing for Asian people. If a country refuses to embrace and grasp a new payment method, he could not keep up with the time and strengthen comprehensive national power.
In addition, advanced technology can bring huge economic effects. The one who grasps advanced technology the faster can occupy more benefits and shares in the market. According to U.K. Finance's UK Payment Markets 2019 report, the number of contactless payments in 2018 hit 7.4 billion, an increase of 31% from 2017.
However, the implementation of technology needs a carrier. That is a terminal device. Professional payment solution partners can provide the most suitable terminal device according to policy and scene demand in one's country.
Smart POS TPS900 is one of the hot sale biometric payment terminals in Telpo POS series.
And rich experience and a good reputation are important elements to judge the strength of a company. Telpo has provided a high-quality biometric terminal device for the government, bank, operator and police station and gained high praise. It could provide valuable advice and help you stand stable at the market.
Nowadays, everyone is on the same boat in the open world. Only keep a positive attitude, embracing and grasp advanced technology, the one can gain more new business opportunities and occupy more markets.
Tag: biometric technology, advanced technology, payment, market, government, bank, terminal, UK
Brief Introduction: Telpo is a professional smart payment partner who focuses on the ODM service 20 years. It mainly provides the EFT-POS, cash registers, biometric devices, face recognition machines, self-service kiosks and bus validators. Telpo has served for more than 1000 customers abroad, including government, banks, Telecom operators, police stations, retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.