PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Finnish Company Touting Facial Biometrics

By Mercator Advisory Group
July 22, 2013
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on LinkedIn

Uniqul of Finland has developed a payment system that relies on facial biometrics. To use the system, however, consumers must pay a monthly subscription fee.

The company reportedly is preparing for a system deployment in Helsinki.

From Huffington Post:

In Uniqul’s imagined future, faces will act like credit cards. At the checkout counter, you’ll give a “meaningful nod” to the scanner, which will use your biometric information to determine who you are and then deduct money from your account (by hitting OK on Uniqul’s tablet).

Uniqul has produced a YouTube video that shows the convenience of being able to pay just by nodding one’s head at participating merchants. But what the video doesn’t explain is how the company intends to overcome the “Big Brother” concerns such technologies create. On top of that, Uniqul plans to charge consumers for the “convenience” of shopping by face.

According to its website, the monthly fee to use the system at participating shops near home or work, or within a one- to two-kilometer radius, would be 99 euro cents. At 1.99 euros, the next level would cover an entire specified city. Up another level would cost 2.99 euros monthly to cover a city and nearby suburbs, while the broadest level at 6.99 euros per month would provide worldwide coverage. It’s unlikely Uniqul will find sufficient interest at that cost, so expect pricing policies to evolve as the company tries to survive.

Click here to read more from Huffington Post.

0
SHARES
0
VIEWS
Share on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cyber resilience

    Modern Cyber Risk Is Breaking Longstanding Security Assumptions

    July 13, 2026
    Merchants Real-Time Payments, swipe fees, BNPL

    How Software Turned Payments Into a Seamless Part of Commerce

    July 10, 2026
    credit union data, credit union technology

    Inside the Tech Shift Redefining How Credit Unions Operate

    July 9, 2026
    embedded payments

    What Embedded Payments Can Solve for Small Businesses

    July 8, 2026
    apple tap to pay

    Build Momentum Behind Zelle for Business

    July 7, 2026
    Accredited Payments Risk Professional

    The Growing Importance of Payments Risk Expertise

    July 6, 2026
    account aggregation

    The Dilemma Facing Financial Institutions: Aggregate or Be Aggregated

    July 2, 2026
    contactless payments

    Wherever There’s Friction, Contactless Payments Can Help

    July 1, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result