Courtesy of South Korean tech firm Alchera, “Shinhan Face Pay” is set to launch this September across the country’s largest banking franchise, available at around 900 ATMs throughout the nation.
Alchera will help facilitate the transition for customers by registering them through the bank’s smartphone app by withdrawing foreign currency, by using their faces in Shinhan Bank branches and some ATMs at Incheon Airport and Samseong subway station in Seoul beginning in July, Biometric Update explains.
The outlet further noted:
The artificial intelligence and image recognition company based in Seoul, South Korea first rolled out the Shinhan Face Pay pilot in 2020. A case study reveals that the 3D facial feature mapping solution was built on Alchera’s deep learning facial recognition technology AIIR, which uses a lightweight software development kit (SDK) and can be deployed in an app or kiosk using any operating system.
Aside from expanding the bank’s biometrics-based authentication service, Face Pay has been piloted as a frictionless payment solution in Hanyang University’s Seoul campus. Alchera has been working with other financial companies including South Korea’s Toss Bank and Busan Bank (BNK) which signed a deal for the company’s remote ID verification system in May, according to a Google translation of its press release.
Government agencies have also been using its technology as part of an access control solution. Alchera’s facial recognition system is part of a larger government project to digitally transform government buildings in Korea overseen by the Ministry of the Interior and Safety, the company said in a statement at the beginning of June.
AUTHOR COMMENTARY
Last week I reported how 7-Eleven is doing something identical at 20K of their ATMs, throughout Japan.
The world continues to rapidly transition towards and embrace contactless and frictionless payments, which is the next necessary brick in the foundation for the coming mark of the beast.
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. Revelation 13:16-18
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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