That is the new payment technology brought to us by Hitachi which makes your fingertip pay for transactions. This new payment technology is a biometric cardless credit payment system, which adopts the uniqueness of the blood vessel patterns in each individual human body as the signature for payment authentication. The new biometric system is able to recognize pattern of the blood vessels in your fingers, so, what you need is to insert your finger for a scan to authenticate the credit card transactions.
Blood vessels are hidden under the skin, which aren’t like retinas or fingerprints and shouldn’t be possible for any counterfeit. In order for you to use your fingertip for making payment, you need to first register your finger vein pattern with the credit card company. Hitachi is gonna have a three-month field test for this new payment system in September and have 200 of its employees as the guinea pigs. The idea of cardless payment making use finger vein that has lowest counterfeit possibility is definitely good. Some of the common problems such as anxiety of card loss and theft will be eliminated with this new system.
via [tEcHNaBob]
January 8th, 2008 at 9:47 am
[...] verification for security purpose isn’t new to us. We’ve learned this before which Hitachi also had a similar concept – a security device to verify the blood vessel patterns of a finger [...]