FinTech

NEC and Stripe Launch Face Recognition Payment Tech

NEC Corporation and Stripe, Inc. announced that the companies will collaborate on integrating NEC's world-class face recognition technology with Stripe's payment terminal solution, starting with the Stripe Reader S700. The two companies said, in NEC's official release, their joint goal is to roll out a seamless, secure hands-free payment experience through biometric authentication. It was further announced that, through the partnership, the face-recognition payment experience via the Stripe Reader S700 would be showcased at the Singapore FinTech Festival scheduled from November 12-14. What the Announcement Covers NEC's accurate face recognition tech will boost Stripe's Terminal platform. This will work across 25+ countries, merging in-store and online payments. By using facial authentication instead of card or mobile payments, we can reduce friction. This will improve the customer experience in many situations.…