Biometrics
Is biometrics coming to vending?
As a super-fast form of payment settlement, the use of biometrics is likely to increase in vending machines and micro markets in the next several years.
T
he use of the technology seems to be a no brainer, particularly where the same set of employees or customers are frequently using the same point of sale.
Biometrics, which come in various forms including fingerprint
recognition, facial recognition, or iris recognition are already being deployed with significant success in other industries as explained in a recent report on biometrics which predicts the market size is expected to surpass $45 billion by 2027. The Global Market Insights report says the growing significance of
accurate access control systems across corporate organisations and commercial complexes has instigated the deployment of biometric solutions to a great extent. One of the most widely used biometrics technology is fingerprint
recognition, which is considered ideal to ensure accurate employee identification and track attendance automatically. Facial recognition is also gaining traction, especially in government
organisations for tracking criminals. These organisations use facial recognition technology to compare the face features in real-time with the existing database of blacklisted people. The growing popularity of these technologies is accelerating the expansion of biometrics market.
Retail & e-commeRce
The mounting popularity of biometrics in retail and e-commerce industry can be ascribed to the growing necessity to understand in- store consumer behavior among large retailers. They are majorly incorporating analytics with facial recognition for the same and to offer customised services according to individual preferences.
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vendinginternational-online.com Quoting an instance, in 2020, CyberLink Corp collaborated with
NTT DATA to deploy a remote retail solution based on the former’s FaceMe facial recognition engine, at an unstaffed concept store. According to the company, this integrated solution combines remote serving, anonymized AI data analytics, and digital information monitors to facilitate a strong self-service customer experience.
iRis Recognition technology
Iris recognition technology is witnessing heightened demand as it offers higher accuracy in the process of user authentication. The identification algorithms used in this technology locate the boundaries of the iris and processes the image to deliver a concise and distinct representation of individuals’ iris pattern. In addition, iris recognition has a very lower false match rate and
is primarily used where the size of the population is large. For instance, in India, iris data from over one billion people has been collected for the Aadhaar Unique Identity programme. Similarly, iris identity validation is used in the air and seaports of the UAE.
automotive sectoR
The automotive makers are now increasingly integrating their vehicles with in-car biometric solutions for user authentication, driver liveness detection, and payments. These systems allow automakers to enhance passenger convenience. For instance, voice- enabled access control technology helps in addressing car thefts by enabling accurate user identification.
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