The international credit card giant VISA recently announced what they are calling a “new of era payments,” by presenting palm-reading terminals to facilitate transactions, among major innovations for the firm.
The next generation technology was unveiled on February 22nd in Singapore, on the same day the company officially launched the Singapore Innovation Center, a new hub for VISA in the Asia Pacific region, allowing for them to work clients there more easily and work on new innovations for the company.
VISA provided a brief description on their “pay-by-palm” technology:
Speed and convenience of biometric payments: Pay-by-palm is the next-generation payment technology that uses unique palm signatures for identity verification, a significant leap from the widely used fingerprint and facial recognition systems of today.
Visitors to the innovation center can experience hovering their palm over a reader, linking their unique signature to their payment card for a transaction. While still in early adoption stages, it’s already making waves in urban mobility in China and the retail sector in the United States. But it’s not just about convenience. Using Gen AI to analyze anonymized biometric and payment data, businesses can also gain valuable insights for personalized recommendations.
HardwareZone.com was present at the opening of the facility and where to get a sneak preview into the technology.
Kunal Chatterjee, Head of Innovation at Visa Asia Pacific, said in a statement at the event:
The future of biometric payments is promising and is set to revolutionize the retail experience. Biometrics has the potential to enable retailers to offer a more personalized and secure shopping experience. It simplifies the checkout process by using fingerprint and facial recognition, thereby reducing wait times, and eliminating the need for traditional payment methods. This not only enhances the customer experience but also increases efficiency. Furthermore, biometrics enhance security by ensuring only authorized personnel can access sensitive information.
The current pace of integration and acceptance of new technologies that we are seeing is very encouraging, and we expect to see biometric payments becoming more mainstream within the next decade.
This technology is identical to the Amazon One palm payment terminals, which is increasingly showing up in more stores. It is currently available at all Whole Foods stores in the United States.
One year ago JP Morgan-Chase also unveiled their facial recognition and palm-recognition payment systems. SEE: Megabank JP Morgan To Launch Facial Recognition And Palm Reader Payment System
VISA also noted in their press release the process of integrating payments with virtual and augmented reality. The company added:
From in-store displays and activations to virtual try-on experiences and navigation, AR and AI can be harnessed together to capture the opportunities that come with the evolution of e-commerce and the growing comfort of consumers with online shopping as well as contactless payments. AR combined with the predictive power of AI, supports a range of use cases, including AR-powered virtual shopping, navigation systems for brick-and-mortar stores, and even virtual fitting rooms, something that can be experienced at the new Visa Singapore Innovation Center.
On top of this, one week before VISA’s innovation center reveal, the company filed a patent to launch their own version frictionless technology that is similar to Amazon’s Just Walk Out; under the patent description of “biometric templates for privacy preserving authentication.”
VISA said in their filing: “If our personal devices could participate in external-facing authentication too, where biometric measurement is captured by a nearby external sensor, then we could also enjoy a frictionless authentication experience in a variety of physical spaces.”
The Daily Upside detailed the purpose of this technology:
The first step of Visa’s system starts with when a user is enrolled in biometric authentication, when it creates a biometric template that’s stored on a user’s device, which is then encrypted and digitally signed to attest to its authenticity. When a user wants to access a certain gated service, the user device verifies that digital signature to the service’s so-called “access device.”
Visa noted a host of different use cases for this, including quick and seamless payment at checkout, ATM withdrawals, and non-payment related activities such as allowing access to an apartment or matching biometrics to entrance tickets at amusement parks, convention centers or theaters.
With this system, the biometrics themselves don’t need to be verified by the access device, just the digital signature. Visa noted that this feature is an important benefit, as sensitive user data isn’t stored and collected “in some giant database, whose breach would be disastrous. Instead, the templates stay on the devices of the users to which they belong.”
AUTHOR COMMENTARY
This is, once again, another very important brick in the wall in establishing the eventual mark of the beast system.
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Revelation 13:16-18
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
You are my aspiration, I possess few blogs and sometimes run out from to brand : (.
Hello there! I know this is kinda off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!
Very efficiently written story. It will be valuable to anybody who employess it, as well as me. Keep doing what you are doing – can’r wait to read more posts.
What i do not understood is in reality how you are no longer actually a lot more well-appreciated than you might be right now. You’re very intelligent. You realize therefore significantly with regards to this topic, made me individually believe it from a lot of varied angles. Its like men and women aren’t involved until it is one thing to accomplish with Lady gaga! Your personal stuffs great. All the time deal with it up!
Real superb info can be found on site. “The greatest mistake is trying to be more agreeable than you can be.” by Walter Bagehot.
Hello! This is my 1st comment here so I just wanted to give a quick shout out and say I really enjoy reading your posts. Can you suggest any other blogs/websites/forums that cover the same topics? Thank you so much!
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Helpful info. Fortunate me I discovered your site by chance, and I’m surprised why this accident did not happened earlier! I bookmarked it.
I haven’t checked in here for some time because I thought it was getting boring, but the last few posts are good quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂
You are my aspiration, I possess few blogs and infrequently run out from to post : (.
I got what you mean , thankyou for putting up.Woh I am happy to find this website through google. “Wisdom doesn’t necessarily come with age. Sometimes age just shows up by itself.” by Woodrow Wilson.
I do agree with all the ideas you have presented for your post. They are very convincing and will certainly work. Nonetheless, the posts are too short for starters. May just you please lengthen them a bit from next time? Thanks for the post.
I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
We’re a group of volunteers and starting a new scheme in our community. Your web site offered us with valuable info to work on. You have done a formidable job and our entire community will be grateful to you.
Some really nice stuff on this web site, I love it.
Just want to say your article is as astonishing. The clarity in your post is just nice and i can assume you’re an expert on this subject. Fine with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the gratifying work.
My wife and i were so thankful when Michael managed to deal with his survey from your ideas he came across through the site. It is now and again perplexing to just be handing out information which often people today have been selling. And we know we have got the website owner to be grateful to for this. The most important explanations you made, the straightforward blog navigation, the friendships you can assist to create – it’s most excellent, and it’s really making our son and our family reckon that the theme is brilliant, which is incredibly vital. Many thanks for the whole lot!
Very good written information. It will be useful to anybody who utilizes it, including myself. Keep up the good work – can’r wait to read more posts.
hello there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise several technical points using this web site, since I experienced to reload the web site a lot of times previous to I could get it to load correctly. I had been wondering if your web host is OK? Not that I’m complaining, but slow loading instances times will sometimes affect your placement in google and can damage your quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my email and could look out for a lot more of your respective intriguing content. Ensure that you update this again soon..
Hello, you used to write fantastic, but the last several posts have been kinda boringK I miss your tremendous writings. Past few posts are just a little out of track! come on!
Someone essentially assist to make severely posts I might state. That is the first time I frequented your web page and up to now? I amazed with the analysis you made to create this actual publish extraordinary. Fantastic activity!
Very interesting details you have noted, thanks for putting up. “Jive Lady Just hang loose blood. She gonna handa your rebound on the med side.” by Airplane.
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
Hey There. I found your blog using msn. This is an extremely well written article. I’ll be sure to bookmark it and return to read more of your useful info. Thanks for the post. I will definitely return.
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
Greetings! I’ve been following your web site for a long time now and finally got the courage to go ahead and give you a shout out from Humble Texas! Just wanted to say keep up the fantastic job!
Great write-up, I am normal visitor of one?¦s web site, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.
You really make it seem so easy with your presentation but I find this matter to be actually something that I think I would never understand. It seems too complicated and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!
Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user friendliness and appearance. I must say you have done a very good job with this. In addition, the blog loads extremely fast for me on Chrome. Outstanding Blog!
Hey, you used to write wonderful, but the last several posts have been kinda boring?K I miss your tremendous writings. Past several posts are just a little out of track! come on!