Home Business & Finance Japanese Company Introduces New Payment System that Uses Your Palm Scan to Complete Transaction

Japanese Company Introduces New Payment System that Uses Your Palm Scan to Complete Transaction

Over last couple of years, smartphone manufacturers introduced several innovations to improve users’ security. For instance, fingerprint sensor has become a common feature among flagship models while facial recognition technology is tipped to replace fingerprint sensor in coming years. Interestingly, a Japanese company has introduced a smartphone based payment system which uses consumers’ palms to confirm transactions.

The latest technology comes thanks to collaborations between Japanese credit card company JCB and Universal Robots. However, this is far from the first time palm scanning feature has been used to confirm mobile payments. Most recently, Biyo and Keyo launched similar systems separately on a small scale. However, both US based companies’ technology require merchants to have special terminals that contain palm scanning cameras. On the other hand, JCB’s system only needs a smartphone camera to confirm the payment.

With the latest security feature, users are required to register by taking a picture of their palms from an app on their smartphones and accompany it with relevant payment information. Afterwards, a store merchant can scan the customer’s palm and if the scan is matched with the previous scan, then the payment will be processed.

As thumbprint and facial scanning have become extremely popular payment features over last couple of years, JCB hopes that the new palm scanning technology will be adopted by a lot of customers in the coming years.

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