Facial recognition technology used in the payment system
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2024-04-16 10:50
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BOLDEA, Bogdan Ion, BOLDEA, Costin Radu. Facial recognition technology used in the payment system. In: The Collection. : Economic security in the context of sustenable development, 17 decembrie 2021, Chisinau. Chişinău: Departamentul Editorial-Poligrafic al ASEM, 2022, 2, pp. 114-124. ISBN 978-9975-155-73-1.
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Dublin Core
The Collection.
2, 2022
Conferința "Economic security in the context of sustenable development"
Chisinau, Moldova, 17 decembrie 2021

Facial recognition technology used in the payment system

JEL: E71, EF15, F65,O11

Pag. 114-124

Boldea Bogdan Ion1, Boldea Costin Radu2
 
1 West University of Timisoara,
2 University of Craiova
 
 
Disponibil în IBN: 15 aprilie 2022


Rezumat

This paper show if the facial recognition technology is ready to be used as an alternative to the existing payment methods used by individuals. The retina scan technology and iris scan technology are also presented as alternatives to the facial recognition technology in order to determine if any of the methods is more suitable to be used and to determine how should the next generation payment method look and what are the key factors that need to be taken into account before developing such a technology. The advantages and disadvantages of all technologies are discussed with pros and cons with a group of 220 participants. The case study includes all 220 participants to take part to an online interview followed by a 14 questions survey based on the discussions related to the presented technologies.

Cuvinte-cheie
Facial Recognition Technology, Iris Scan Technology, Retina Scan Technology, payment methods, Data Privacy, security risk