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Stripe and NEC to Provide Face Recognition Payment Service via Stripe Terminal
Stripe and NEC Corporation (NEC; TSE: 6701) have begun exploring integration of the Stripe Reader S700 payment terminal, compatible with the unified commerce solution Stripe Terminal, with NEC’s face recognition payment service.
By combining Stripe’s payment terminals, payment services, and functions with NEC’s face recognition technology, which boasts world-leading authentication accuracy*, the companies aim to provide secure, simple, and convenient hands-free payments, enhancing customer experience value.
Stripe and NEC will showcase this face recognition payment experience with the Stripe Reader S700 at the Singapore FinTech Festival from November 12 to 14.
Stripe Terminal is a robust unified commerce solution, seamlessly integrating in-store and online payments to enhance customer experiences across channels. Available in 25 countries, it delivers real-time customer insights via a unified dashboard. The Wi-Fi-enabled Stripe Reader S700, designed for both countertop and handheld use, offers intuitive, smartphone-like functionality for superior ease of use.
“Through this collaboration, Stripe is proud to support NEC’s world-renowned face recognition technology, enabling its use for payments through our unified commerce solution, Stripe Terminal,” said Daniel Heffernan, Product Lead of Stripe Japan. “By taking this step, we aim to enhance the shopping experience for the consumers around the world.”
“NEC is confident that the advanced customizability of the unified commerce solution Stripe Terminal will help to address a wide range of challenges in face-to-face payment scenarios,” said Kazuhisa Shimizu, Corporate Senior Vice President, Managing Director, Financial Solutions Division, NEC Corporation. “By combining NEC’s world-class face recognition technology with Stripe’s globally trusted payment platform, we aim to provide a new payment experience and create a world where everyone can safely, easily, and conveniently utilize digital technology.”
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