Face Recognition for Payment and Information Sharing

Abstract

We have seen the emergence of various payment and information sharing methods with the rapid digitization of such services. Payment methods like NFC, Credit/Debit card, and QR code-based have become very common. These methods were intended to provide secure, safe and faster transactions. Although these have succeeded in their intentions up to some extent, there are various factors that are posing problems like confusion, time consumption, security threat, fraud, and theft. When it comes to sharing contact information and social media handles, visiting cards are still preferred but this is not the most reliable method as one either tends to lose these cards or has to store this information manually on their phone. This paper provides a comprehensive survey of the various available methods for making mobile payments and sending contact details as well as the challenges faced. Furthermore, we discuss and compare alternative available technologies like face recognition that can be implemented.