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Hitachi creates fingerprint payment system

Tuesday 12 April 2022 14:39 CET | News

Nikkei Asia reports that Hitachi has developed vein-based biometric authentication system for payments using only your finger, according to iMore.

Hitachi has developed a finger vein-based biometrics authentication system to enable the user to check in to a hotel or make payments at shops without a credit card or a smartphone, Nikkei has learned.

The report says that by simply placing a finger over a reader, terminals can identify the user to obtain information such as credit card details for payment, but also information such as age or vaccination records, suggesting the system could also be used to verify age and to aid travel.

The report says the new tech ‘will make it unnecessary for the shopper to carry a credit card or a smartphone for shopping’ and will speed up transactions including purposes and check-ins. The service will reportedly be offered to hotels and retailers this financial year, and shoppers will need to register their finger vein and other personal information in advance to use it.

Once enabled, the system can reportedly cut transaction times by ‘at least 40 seconds’. Uses beyond the immediate application of paying for goods listed include ‘loyalty points, food allergies, professional qualifications, and proof of age, and make various transactions including buying alcohol or applying for a job much simpler’.

The report says that blockchain technology will keep a record of data retrievals and ensure the authenticity of the information, with Hitachi itself not owning any of the personal data.


More: Link


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Keywords: biometrics, blockchain, biometric authentication, mobile payments
Categories: Fraud & Financial Crime
Companies: Hitachi, Nikkei Asia
Countries: Japan
This article is part of category

Fraud & Financial Crime

Hitachi

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Nikkei Asia

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