Hasta La Gadget!

Move over, NFC. Uniqul is getting ready to unveil a new payment system that utilizes facial recognition to process payments. You can set aside your credit cards, debit cards, and checkbooks, too, because all you’ll need to pay for stuff when you shop is your face…and that’s already attached to your body.

Uniqul’s payment system links a person’s face with their bank account so that they’ll only have to gaze into a camera when they want to pay for something. No muss, no fuss, and no worries that come with lost or stolen cards.

Here’s how it works: stores are provided with a Uniqul tablet for their check-out counters. These tablets will take the customer’s photo and analyze the biometric data to locate the person in the database. After pressing an “OK” button, the payment is processed and the customer can go on his or her merry way.

Uniqul’s system is protected by military-grade algorithms, so nothing to worry about on that end. The system will be launching soon in Helsinki, Sweden.

[via Dvice]

Square’s been venturing beyond those tiny credit card swipers as of late. Last week, the company introduced its nifty $299 Stand POS system for iOS, and now it appears to be branching out to individuals, with a to-be-announced service called Square Cash. There’s not much info to share at this point — TechCrunch recently discovered a dedicated landing page for the new service, which looks to be invite only at this point. There does seem to be an option to request an invitation, but the button isn’t properly linked, so we weren’t able to make our way to the proper form in order to take a closer look.

A handful of help articles do shed some light on the service, though. To send money, you’ll simply send an email to your recipient with the dollar amount in the subject line and “pay@square.com” in the cc field. Once your friend or associate receives the email, they’ll type in the debit card account number of their choosing and Square will fund the associated checking account within 48 hours. Each payment costs just 50 cents to send, and there’s no cost to receive — it’s not quite clear whether or not you can use a credit card to fund the transfer, but with fees of less than $1, we imagine you’ll need to use a checking account. Square has yet to formally introduce the service, but we’re guessing an announcement will be coming soon.

Filed under: Internet

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Via: TechCrunch

Source: Square Cash, Sending Square Cash

The business of commerce is alive and well, and while there’s far too much noise for anyone to stand on the mobile side, Paytouch is hoping to add a new wrinkle on the conventional end. The Barcelona-based outfit was on hand here at The Next Web Conference, showcasing its biometric payment terminal and setting the stage for what’s to come. For those unfamiliar, the Paytouch terminal is currently being used at Ushuaïa Ibiza Beach Hotel — users with a Paytouch account simply link their credit card to their fingerprints, and a two-finger press is all it takes to order another glass of sangria. The benefits are fairly obvious for all parties involved. For the consumer, there’s no longer a need to carry a credit card that can be skimmed, lost or stolen; for the retailer, it’s able to encourage impulse buying in an entirely new way; for Paytouch, there’s a commission paid on each purchase.

Filed under: Software

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Source: Paytouch

At IDF’s second-day keynote in Beijing today, Intel announced its collaboration with bank card giant China UnionPay for secure mobile payment, with the latter utilizing Intel’s Identity Protection Technology and also its distribution of the Hadoop software framework for datacenters. With UnionPay being China’s top bank card organization boasting a total of 3.5 billion cards to date, this is obviously a big deal for Intel both locally and around the world — at least in the 141 countries and regions where UnionPay is accepted, according to Executive Vice President Chai Hongfeng.

Chai also used his stage time to show off UnionPay Quick Pass, China’s very own NFC payment service with over 1.1 million local POS terminals as of December 2012. The exec used none other than Intel’s developer device to buy its Corporate Vice President Doug Fisher a can of “Mountain Doug” (we would’ve preferred “Chai Tea” instead), but of course, HTC beat Intel to it with the joint launch of mobile Quick Pass back in August 2011. Anyhow, there’s a press release after the break.

Filed under: Cellphones, Wireless, Mobile, Intel

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US-born mobile payment methods like PayPal Here and Square haven’t had much traction in Europe, due in no small part to the continent’s frequent reliance on chip-and-PIN credit cards over North America’s (slowly outgoing) magnetic stripes. PayPal is getting around that technical barrier through the most direct method possible — replacing the reader altogether. PayPal Here’s UK deployment swaps out the triangular US reader for a considerably bulkier Bluetooth peripheral that takes the newer payment method. Other elements will be familiar to anyone who’s used Here on an Android or iOS device in another country, minus the obligatory changes in currency. PayPal is partnering with a handful of UK businesses before launching Here on a wider scale in the summer — not soon enough for some, but it might save a few Brits from scrounging through their wallets just to buy some ice cream.

Filed under: Cellphones, Peripherals, Tablets

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Via: TechCrunch

Source: PayPal