China Develops Facial Recognition Payment System with Near-Perfect Accuracy

In an intent to move one step forward from others, China is planning to launch a facial recognition payment application with near-perfect accuracy that enables users to authorize their online transactions just by showing a picture of themselves.



Chinese researchers from the Chongqing-based research institute have developed a facial recognition system that can pick faces from a crowd with

Samsung To Pay $2.3 Million Fine for Deceiving the U.S. Government

The United States division of Samsung has been charged with deceiving the US government into believing that several of its products met the necessary US government policies, resulting in the US government buying unauthorised Chinese-made electronics.



The South Korean electronics giant has agreed to pay the Government $2.3 million in fines to settle the charges of violating trade agreements