Tuesday, 01 November 2016 01:57

Facial recognition for payments less than three years away Featured


Within one to three years, we will be using facial recognition technology for banking. This is the belief of one of the world's leading developers of biometric applications.

Dr Hitoshi Imaoka, principal research fellow of the Data Research Laboratories at NEC Corporation, confirmed that NEC is already in discussions and holding trials with banks and credit card companies to employ facial recognition for consumer ID applications.

NEC is displaying its NeoFace facial recognition technology this week at its massive iExpo exhibition in Tokyo where about 70 stands displaying the Japanese tech giant’s applications are on show.

At the Fintech stand, NEC is stating that public use of facial recognition payments systems could be as close as a year away. While facial recognition is already widely accepted for criminal and surveillance applications, payments require a higher level of accuracy.

Dr Hitoshi, who heads a sizeable R&D team, told a delegation of tech reporters in Tokyo through an interpreter that there were still a few problems related to accuracy of facial recognition systems for payments to be ironed out.

“Using photos for financial applications could be a problem,” he said. “We cannot be 100% correct. However, using passwords isn’t 100% correct either. Another big issue is using this technology as people age."

According to Dr Hitoshi, NEC, which started developing facial recognition technology in 1989, has a significant technological lead on competitors such as Cognitec, Sagem, and Toshiba in terms of matching speed and verification accuracy.

“In a National Institute of Standards and Technology benchmark contest we achieved about one tenth the error rate of our nearest competitor,” he said.

However, Dr Hitoshi would not say how big his development team is because “our competitors are trying to catch up".

While the global market for facial recognition is still relatively small at US$2 billion, Dr Hitoshi said it is growing at 20% per year, with security applications, led by payments systems, growing at 30%.

According to NEC, the company has a significant portion of business of the Indian government, which has more than one billion faces on file, while it has the whole of the business of a similar project in South Africa.

Current live applications in play include:

  • Macau Border Control, where facial recognition is used at three checkpoints;
  • Universal Studios Japan where facial recognition is used to match an annual pass with your face;
  • Delhi Aerocity Hotel, where facial recognition is used to identify both VIPs and blacklisted persons;
  • Northern Territory Police, where facial recognition is used to solve cold cases; and
  • JFK International Airport, where NeoFace is being deployed to indentify imposters trying to enter the US.

The writer is attending the iExpo exhibition as a guest of NEC.

Subscribe to ITWIRE UPDATE Newsletter here


It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.


Stan Beer

Stan Beer assists with Digital Advertising installation and monitoring of advert performance. With 35 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications. Any previous news story submissions should be director to editor@itwire.com and advertising enquires to andrew.matler@itwire.com

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News