Aeon Financial Service’s credit card unit and IT firm Fujitsu to test palm biometric authentication technology to pay for groceries in Ministop stores in Japan

Briefing

Aeon Financial Service’s credit card unit and IT firm Fujitsu to test palm biometric authentication technology to pay for groceries in Ministop stores in Japan

July 24, 2018

Briefing

  • 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

Market Disruption

Sector

Financial Services, Information Technology

Organization

Aeon Financial Service Co. Ltd., Fujitsu Ltd.

Source

Original Publication Date

July 12, 2018

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