Pay with your hand using vein scanning – JCB becomes the first international payment brand to pilot palm vein payments
Japanese credit card scheme JCB is to pilot the use of Fujitsu’s palm vein authentication technology for payments at this month’s JCB World Conference, enabling those attending to make purchases using only their hand. Additional trials in “global markets” are expected to follow. The move follows a pilot conducted in July 2015 involving “several hundred” employees at JCB’s headquarters in Tokyo.
“After linking a palm vein pattern and payment card information, customers can make a simple, fast and secure payment by using palm,” JCB says. “Multiple cards can be linked to one pattern and the customer does not need to bring his or her wallet or any mobile payment device.
“Palm vein authentication is highly accurate, and already being used for many applications such as bank ATMs and high security area access control systems. Incorporating this authentication method with the JCB global network will create the world’s first payment way of its kind.”, according to the press release.
“We are planning pilots in different global markets in order to develop a unique biometric-based program using the most secure accurate palm vein authentication, followed by the trial at the JCB World Conference,” says Tac Watanabe, executive vice president of brand infrastructure and technologies at JCB. “I am confident that this new payment method using innovative technology will be in line with the needs of JCB customers and partners around the world.”
About Palm Vein Authentication:
Vein patterns are an internal source of biometric information, which is very hard to counterfeit compared to external sources such as fingerprints. In addition, palm vein authentication is not affected by whether the hand is wet or dry. The large number and complexity of veins in the palm ensure highly accurate identification while the larger veins aid in reliability. Misidentification occurs in less than 1 in 1.25 million cases (False Rejection Rate 0.01% and False Acceptance Rate less than 0.00008%, per Fujitsu Limited). Palm vein authentication technology is one of the most-watched biometric technologies, with a solid record of use by over 63 million people in 60 countries around the world.*
*As of March 2015.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
