Payment of the future
Is ‘facepay’ on its way?
A commentary by Philipp Reusch & Dr. Carlo Piltz in the current issue of lead Digital (the magazine for Digital Business)
Data protection, standard general terms & conditions in Germany, purchase contracts, law of competition, secrecy of telecommunications
Payment via face recognition and in real time has been in the planning phase for years. As from November 2018 the first step is due to be taken and Instant Payment implemented in Europe. In the current print issue of lead Digital (07/2017), Philipp Reusch and Dr. Carlo Piltz comment on face recognition as a means of payment, and on Amazon’s patent on price comparisons.
[August 9th, 2017]