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Briefing
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- Palm Biometric Authentication – Financial services firm Aeon Credit Service and information technology company Fujitsu will test palm vein biometric authentication technology as new payment method for merchants
- First-of-its-Kind – Initiative is first in Japan to use such technology in actual retail store environment
- Cardless Transactions – Will enable cardless transactions as users only have to input their birthdate while reader scans palm to pay for items
- Greater Accuracy – Offers high authentication accuracy considering number of veins in palms and their complex arrangement
- Pilot Test – Test to start among Aeon employees in selected Ministop locations in Japan in September 2018, with wider rollout planned in future
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Market Disruption
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Sector
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Financial Services, Information Technology
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Organization
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Aeon Financial Service Co. Ltd., Fujitsu Ltd.
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Source
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Original Publication Date
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July 12, 2018
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