| Developers: | PrivatBank, Visa International |
| Date of the premiere of the system: | August, 2020 |
| Branches: | Financial services, investments and audit |
| Technology: | Cybersecurity - Biometric identification |
Content |
2020: Start of FacePay24 in Ukraine
On August 10, 2020 PrivatBank announced start of biometric POS terminals, the first in Ukraine. They are equipped with FacePay24 technology which allows to pay purchases by the person. It is the joint project with Visa.
According to the head of service of trade enterprises of PrivatBank Evgeny Vasiltsov, by August 10, 2020 payment by the person is available on 260 Android PAX POS terminals. It is until the end of the year going to start about 7.7 thousand units of such equipment across all Ukraine.
To use service, it is necessary to install the updated application of Privat24 on the smartphone and to activate payment of FacePay24. Then it is necessary to take three selfies from different foreshortenings and to link the selected bank card to the person.
To make payment in Android PAX POS terminals, it is necessary after input of the amount on the terminal to select payment by the person, to look in the front camera of the terminal and to click "pay". After transaction confirmation by the PIN code of the selected card, purchase will be paid.
The FacePay24 technology is constructed on the system of automatic face recognition Amazon Rekognition. According to developers, the solution ensures complete safety of personal data of clients, including technical and physical control, data encryption at storage and transfer.
 | The future is even closer now, payment by the person which was considered as a fantasy several years ago is available to all clients of PrivatBank and any dealers — Evgeny Vasiltsov says. — Most of us, probably, now with itself has even no purse because all cards – in the smartphone. We go further and made public technology which allows to shop even if left at home phone. |  |
In Visa note that the biometrics opens new opportunities in terms of authentication and directly implementation of payments, guarantees their security, and further will influence substantially development of electronic payments.[1]
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Notes
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